BOI Update: Reporting Requirements On Pause
Running any business comes with a small mountain of paperwork. There’s all the documentation you need to file at founding. You need to manage your annual filings with the IRS and applicable state tax authorities. You need to periodically renew registrations, licenses,...
Navigating R&D Tax Credits: Maximizing Benefits for Companies
As the year comes to a close, you might be thinking about ways to minimize your 2024 tax bill. At any tech company, that means exploring how to maximize your R&D tax credit. Technically called the “Credit for Increasing Research Activities,” this tax savings...
1099 & Other Year-End Reporting Tips for Your Tech Company | 2025
Founders, as you embark on making sure your tech company is compliant with all of its tax obligations in 2024, a host of deadlines are upcoming for you and your finance team to navigate, which involve information returns (W2s, 1099s, and other reporting). For ...
Your Guide to the 2025 Tax Filing Season: What’s New For 2025?
As the year races past us, it’s nearly time to start preparing to close your books on 2024. And once you do, you’ll need to hand them over to the IRS fairly shortly. While April 2025 might feel like it’s a long way off right now, it can approach quickly. That’s...
Fintech Foundations That Scale
As technology gets increasingly useful, most company founders are encouraged to think about their tech stacks even early on. Basically, your stack is the grouping of software solutions you use at your company. It’s called a stack because, in an ideal world, those...
Exercising Your Stock Options: Important Things to Consider
As a founder, you’ve probably tied up a lot of your energy, time, and resources in your startup. Ideally, that’s going to pay some serious dividends through the years. In fact, if you’re thinking about that future payoff, you might be dreaming about the day you can...
5 Tax Moves You Can Make Before the End of the Year
As we step into Q4 2024, it’s time to start thinking about year-end to-dos. That includes some tax preparation. Maybe your company files its taxes in April or is on its own fiscal year. Either way, there are a few steps you can take this fall and winter to limit the...
Tax Benefits for Founders: Qualifying Small Business Stock (QSBS)
As a founder of a startup, you’re putting your belief in a delayed gratification model. Those early days of building your company will probably be lean. You’ll work nights and weekends in exchange for what’s most likely a small amount of pay. The thinking goes that...
Tax Cuts and Jobs Act Expiration and Its Impact On Tech Founders
In 2017, the Tax Cuts and Jobs Act (TCJA) brought sweeping changes to U.S. tax law — but not all of them were permanent. Some of the provisions from the TCJA are set to expire at the end of 2025. While these expirations primarily affect individual taxpayers, there...
BOI Update: Reporting Requirements On Pause
Running any business comes with a small mountain of paperwork. There’s all the documentation you need to file at founding. You need to manage your annual filings with the IRS and applicable state tax authorities. You need to periodically renew registrations, licenses,...
Beneficial Ownership Information Reporting (BOI) and the Corporate Transparency Act: What Tech Companies Need To Know
At the start of this year (2024), new legislation was enacted requiring many companies operating in the U.S. to complete an additional filing. Before you start dreading this extra to-do, you should know a few things. First, the filing is relatively simple. Secondly,...
Innovating the Month-End Close Checklist: Fintech Tools that Can Help
The month-end close is a critical tool in any tech company’s arsenal. It’s also a lot of work. Gathering up all of the details you need to look back over the last month and account for every penny can be a major lift. Add in the need to update key financial reports...
Changing Your Fiscal Year for Your Tech Company
The IRS wants to see your books in twelve-month batches. That doesn’t mean you have to file your tax return based on the calendar year, though. If a January 1 start and a December 31 close doesn’t make sense for your business, you have the option to change to a fiscal...
The Ultimate Month-End Close Checklist for Tech Companies
Undertaking a month-end close serves your tech company in a myriad of ways. First, it ensures accuracy in your books. If you’re burning through your runway faster than expected, this regular check-in clues you into the issue early. Secondly, it gives you a clear view...
Wave vs. QuickBooks Online: Comparing Two Leading Accounting Softwares
There’s absolutely no reason to manually manage your accounting. Today’s accounting software can do a lot of the heavy lifting for you, from compiling all of your transactions into a single place to creating key financial reports. In fact, the focus shouldn’t be on...
How to Move from QuickBooks Desktop to QuickBooks Online
More and more finance teams are making the jump from QuickBooks Desktop to QuickBooks Online. And it’s not just because the online version maintains the user experience that you’re used to while allowing access from anywhere at any time. It’s because QuickBooks is in...
Refresh Your Finances: Spring Clean Your Bookkeeping to Prep for Your Next Fundraiser
‘Tis the season. As the days get longer and the weather gets warmer, it’s time to undertake the annual chore of spring cleaning. This doesn’t just apply to your abode. Employing a spring-cleaning mentality at your startup — especially when it comes to your books — can...
Our 3 Top Accounting Trends for 2024
2024 is already well underway, but we’re definitely still early enough into the year that it could go any direction. To help our team and clients prepare for what this year will bring, we’ve spent some time thinking about changes coming down the pipe. As we zoomed...
Open Enrollment: Picking Providers and Managing the Process
As your startup grows, offering a solid benefits package helps you attract and retain the right talent. In our modern age, most employees expect their employer to provide health insurance for them. That means that even if you’re not legally required to offer this type...
Understanding New York’s “Convenience of the Employer” Rule: A Guide for Tech Companies with Remote Workforces
With remote work becoming more prevalent, especially in the tech industry, it's crucial for businesses to understand the tax implications of having employees work from various locations. One such consideration is New York's "Convenience of the Employer" rule, which...
Finding the Ideal Financial Tech Stack for Your Tech Company
The latest tech tools can make work easier, and that’s particularly true when it comes to your finances. Financial technology — or fintech, for short — automates time-consuming tasks like categorizing expenses. It can help you get the reporting you need to make...
4 Bookkeeping Tips for Your Tech Company
Earlier this year, we teed up some accounting tips to help set you up for success. Bookkeeping tips, then, might seem a little redundant. But there’s a key difference. Accounting requires some level of analysis of your company’s financial situation. Bookkeeping...
SBIR/STTR Grant Funding 101: How to secure non-dilutive funding for science & tech start-ups
In the competitive world of startups, finding money that lets you keep full control of your creative business is like finding a hidden gem. The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs represent such a treasure,...
Exploring Different Types of Equity Grants
When you’re growing a business in its early phases, you’re usually anything but liquid. Not so very long ago, that presented a huge problem for founders. Did they burn through runway to offer competitive pay so they could lure the best employees? Or did they play it...
A Founder’s Guide to Efficient Financial Management in 2024
No matter what kind of solution, service, or product a company delivers, it has one thing in common with every other business in existence today. What’s that underlying thread? They all need to be on top of their financial management. Sure, when you’re small and...
Beneficial Ownership Information: New Filing Requirement for Most Businesses
The Financial Crimes Enforcement Network (FinCEN) wants to know who’s pulling the strings at companies operating in the U.S. As a result, they’ve instituted a new filing requirement. Starting January 2024 (read: this already applies), the vast majority of companies...
Why Outsource Financial Services Rather Than Hire in House?
In 2023, it seems like you can outsource just about anything. You might pay a company to provide first-level customer support, or you might work with a marketing agency to develop and run campaigns. You might turn to a third-party provider for HR or website...
Gusto’s People Advisory Program: We’re Certified!
As accountants, we’re more than number-crunchers. We’re in the weeds with our clients, supporting them as they make decisions that shape the future of their companies. We routinely support startups with strategy and process development, laying the foundation they need...
Shay CPA’s 3rd Annual Company NYC Retreat Recap
This year, Shay CPA hosted its third annual company retreat in the heart of New York City, an event packed with learning, connection, and celebration. From engaging presentations to immersive team-building workshops and a fun-filled final day, the retreat offered our...
Thank You to Our Clients, Partners, and Team
Over here at ShayCPA, we’ve grown and learned a lot over the course of 2023. As I look back, I have a lot of gratitude. This year, there were quite a few different highlights. We had some amazing accomplishments, including hitting our ten-year anniversary. And we’ve...
ShayCPA Looks Back on 2023
It’s been a busy year for our team — in the best possible way. We’ve had the opportunity to travel all around the country to participate in a handful of exciting events, from our own company retreat to industry favorites like TechCrunch Disrupt and QuickBooks...
✨ Celebrating a decade of excellence at Shay CPA! ✨
November 15th, 2013, was my last day at my full-time job at WNET-Channel 13. That day was a culmination of a three-year journey prior where I was moonlighting and creating my CPA firm on the side - nights, weekends, and even lunch hours. Leaving a full-time job was a...
ShayCPA’s 2nd Annual Retreat Recap: Uniting for Growth
We're excited to share the incredible experiences and moments from our 2nd Annual Company Retreat in New York City. Over three days, our team united for collaboration, gained insights, and enjoyed thrilling adventures that left us with unforgettable memories. Let's...
Insights from ShayCPA’s QBO ProAdvisor Certifications
Super proud of our team for completing their QBO ProAdvisor and Advanced ProAdvisor Certifications this week. Here are some takeaways from our training that can help our finance leaders in the technology space. Deferred Revenue: Deferred Revenue is finally...
Tech Day- Founders Summit 2022
SHAY CPA P.C. sponsored TechDay HQ's 2022 Founder's Summit event in NYC. TechDay HQ's Founder's Summit is a highly focused conference designed exclusively for startup founders and their c-suite executives. The conference featured educational sessions presented by...
2022 ShayCPA Quickbooks ProAdvisor Update
When it comes to picking an accounting system for your technology company, Quickbooks is a great place to start. ShayCPA’s team is Quickbooks Online Advanced Certified. What does that mean? Advanced Certification for the Quickbooks Online System requires our team to...
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1099 & Other Year-End Reporting Tips for Your Tech Company | 2025
Founders, as you embark on making sure your tech company is compliant with all of its tax obligations in 2024, a host of deadlines are upcoming for you and your finance team to navigate, which involve information returns (W2s, 1099s, and other reporting). For ...
Your Guide to the 2025 Tax Filing Season: What’s New For 2025?
As the year races past us, it’s nearly time to start preparing to close your books on 2024. And once you do, you’ll need to hand them over to the IRS fairly shortly. While April 2025 might feel like it’s a long way off right now, it can approach quickly. That’s...
Exercising Your Stock Options: Important Things to Consider
As a founder, you’ve probably tied up a lot of your energy, time, and resources in your startup. Ideally, that’s going to pay some serious dividends through the years. In fact, if you’re thinking about that future payoff, you might be dreaming about the day you can...
5 Tax Moves You Can Make Before the End of the Year
As we step into Q4 2024, it’s time to start thinking about year-end to-dos. That includes some tax preparation. Maybe your company files its taxes in April or is on its own fiscal year. Either way, there are a few steps you can take this fall and winter to limit the...
Tax Benefits for Founders: Qualifying Small Business Stock (QSBS)
As a founder of a startup, you’re putting your belief in a delayed gratification model. Those early days of building your company will probably be lean. You’ll work nights and weekends in exchange for what’s most likely a small amount of pay. The thinking goes that...
Tax Cuts and Jobs Act Expiration and Its Impact On Tech Founders
In 2017, the Tax Cuts and Jobs Act (TCJA) brought sweeping changes to U.S. tax law — but not all of them were permanent. Some of the provisions from the TCJA are set to expire at the end of 2025. While these expirations primarily affect individual taxpayers, there...
What New York-Based Tech Companies Should Know About QETC Filings
The state of New York offers some serious tax perks for tech startups operating within its borders. Specifically, if you can get certified as a qualified emerging tech company (QETC), you and your investors can claim some meaningful credits to lower your tax...
What Tech Companies Need to Know About Commercial Rent Tax (CRT) in NYC—and Why Startups Should Be Extra Cautious
For tech startups operating in Manhattan, especially those that have recently raised Seed or Series A rounds, the Commercial Rent Tax (CRT) can be an unexpected expense. If you're leasing office space in Manhattan south of 96th Street and your annual rent exceeds...
What To Do If Your Startup Gets Audited
Getting an audit notice from a tax authority is enough to stop most founders in their tracks. It doesn’t necessarily mean you’ve done anything wrong, though. While things like high deductions can definitely trigger an audit, it’s also possible to get chosen at...
Fintech Foundations That Scale
As technology gets increasingly useful, most company founders are encouraged to think about their tech stacks even early on. Basically, your stack is the grouping of software solutions you use at your company. It’s called a stack because, in an ideal world, those...
Understanding Investor Information Rights
When you’re in the beginning stages of getting your company off the ground, it’s tempting to promise investors the moon and stars in exchange for the capital you need. Without their money, after all, you’re going to have a much harder time turning your dream into a...
Scaling Up a Startup’s Finance Team with the Right People at the Right Time
Overhead is one of the fastest ways to increase your burn rate and shrink your runway. As a result, hiring the help you need usually feels like a major undertaking. You want to be sure you’re getting someone with the expertise you need so you can see ROI on their...
Early-Stage Financial Strategy: Tips for Startups As Funding Slows Down
Not so very long ago, investors were thrilled about the opportunities tech presented to them. Everyone was on the hunt for the next unicorn, and founders had ample opportunity to build the runway they needed to get their companies off the ground. Things have changed,...
Enhancing Accuracy with a Month-End Close Checklist: Tips for Tech CFOs
Founders and finance teams want to keep a finger on the pulse of the company’s health. With a month-end close, they get the detailed look they need to evaluate their runway, revenue trends, and more. Plus, this regular step ensures that the financial reports investors...
What is a 13-Week Cash Flow Forecast?
When you’re getting into financial forecasting, you want to find the balance. Long-term forecasting is key, but if you only focus on the future, you risk burning through your runway too quickly and never making it there. Managing your weekly cash flow matters, too,...
What is VC Math & How Does It Impact Your Company?
If you’re planning to explore venture capital (VC) funding, it’s helpful to understand how VC firms make their money. A lot of founders operate under the assumption that every project a venture capital group funds needs to turn a profit. Actually, though, most firms...
How to Build Your Finance Team
In your early days, one person can probably handle the entirety of your startup’s finance function. The right person with the right level of expertise can stay on top of key areas like payroll and taxes. At the same time, they can help you forecast and make strategic...
Understanding MRR vs. Recognized Revenue: A Guide for Startups
If you’re running a subscription-based business, you’ve probably already started exploring ways to measure your recurring revenue. When you track your recurring revenue with a metric like monthly recurring revenue (MRR), you get a way to keep a finger on the pulse of...
Accounting for startups: How tech startups can leverage technology in their accounting operations
Founding a tech startup is about bridging the gap between a need and reality with technology. That firm focus on the power of technology should encompass as many areas of your business operations as possible, accounting being the foundation of your venture. As a...
SBIR/STTR Grant Funding 101: How to secure non-dilutive funding for science & tech start-ups
In the competitive world of startups, finding money that lets you keep full control of your creative business is like finding a hidden gem. The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs represent such a treasure,...
How CorpNet Helps Startups with State Compliance
Sometimes, running your business isn’t the hardest part of running your business. Instead, complying with state and federal regulations, from taxes to employer requirements, feels most burdensome. Fortunately, you can pay someone else to handle that for you. And...
All about SECURE Act 2.0 Tax Credits for Small Businesses
Paid non-client of Betterment. Views may not be representative, see more reviews at G2. Learn more about Shay CPA’s relationship with Betterment. Betterment is not a tax advisor, nor should any information herein be considered tax advice. Please consult a qualified...
PR For Your Startup – Is the Right Time Now?
By Scott Rosenblum As we head into 2024, founders might be reviewing revenue goals, hiring, operational costs, taxes, and marketing spending. Some may also be considering adding Public Relations to that spend to help build brand awareness. Most founders hear that...
Gusto vs. Justworks: A Closer Look
Building a business has changed — and in a way that can make your life easier. Thanks to the latest software tools, it’s getting simpler to do things that used to be a huge time suck, like filing payroll and tracking employee work hours. Before you can start wielding...
Brex vs. Ramp – What’s Best for Your Tech Company?
If you’re looking for a solution to power your startup’s fintech stack, we’ve got good news. Relatively new players in the game bring streamlined options paired with better insights to help power your growth. You might have heard of two of the leaders: Ramp and Brex....
Navigating R&D Tax Credits: Maximizing Benefits for Companies
As the year comes to a close, you might be thinking about ways to minimize your 2024 tax bill. At any tech company, that means exploring how to maximize your R&D tax credit. Technically called the “Credit for Increasing Research Activities,” this tax savings...
Updates to Section 174 and How They Impact Your Company
Back in 2017, as the holiday season was well underway, startups got what many consider the opposite of a gift. With the implementation of the Tax Cuts and Jobs Act (TCJA), companies lost the right to take a tax deduction for R&D expenses in the year in which those...
R&D Credits for AI/ML Companies
If your company is leaning into the exploding opportunities created by artificial intelligence (AI) and machine learning (ML), you’re probably excited about what it could do for your business. Lots of people and companies are champing at the bit for AI/ML products and...
Using Your R&D Tax Credit Against Payroll Taxes
As you wrapped up the 2023 books for your startup, you probably did some high-level financial review and analysis. Looking over key documents like your profit and loss statement, you get a better idea of what’s driving revenue — and where you’re spending. For most...
Three Ways Game Developers Can Claim R&D Tax Credits
Developing a game isn’t cheap. Even if you have a team of 3D modeling pros with lots of programming experience and heaps of creativity, the hours you’ll all dump into building your game are hours people expect to be paid. And even if your internal team can handle the...
Job Titles That Help Your Business Claim R&D Tax Credits
As a startup, you’re probably looking for every money-saving opportunity you can find. That’s particularly true when it comes to your taxes. Even if you’re operating at a loss and don’t have a tax liability yet, tax credits matter. The U.S. Code allows you to carry...
Boost Your Startup with the Revamped R&D Tax Credit: What You Need to Know
The landscape for small businesses and startups is constantly evolving, especially when it comes to taxes. One area ripe for taking advantage of is the Research and Development (R&D) Tax Credit. Recent changes in tax laws have made this opportunity even more...
How to Claim R&D Credits During Clinical Trials
Because our team here at ShayCPA specializes in providing accounting services to tech companies, we spend a lot of time working with Section 41 of the Internal Revenue Code. IRC § 41 is what makes it possible to claim a tax credit for research and development,...
Nurturing Biotech Companies in New York
An Overview of START-UP NY, QETC, and Life Sciences R&D Tax Credit Program New York has long been a global hub for finance, fashion, and food. But the Big Apple is also a budding hotspot for biotech, offering a robust range of programs designed to foster...