Accounting Blog

Our deep knowledge of accounting and tax issues in the Technology Industry gives you a competitive advantage.
Generative AI and Your Tech Company

Generative AI and Your Tech Company

Back in 2019, Akshay Shrimanker, our Founder and CEO, joined a panel about artificial intelligence (AI). Just three years ago, the panelists were excited about the promise of AI but said it had a long way to go. Specifically, they identified the need for more inputs...

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Nurturing Biotech Companies in New York

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...

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What are SAFE Agreements?

What are SAFE Agreements?

A relatively new tool has come into founders’ hands: simple agreements for future equity, or SAFEs. But are they, as the name suggests, simple? Not necessarily.  They’re still worth wrapping your head around, though, because SAFEs could give you a way to get the...

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What are SAFE Agreements?

What are SAFE Agreements?

A relatively new tool has come into founders’ hands: simple agreements for future equity, or SAFEs. But are they, as the name suggests, simple? Not necessarily.  They’re still worth wrapping your head around, though, because SAFEs could give you a way to get the...

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What are Convertible Notes?

What are Convertible Notes?

Finding investors for your early-stage startup can feel particularly challenging. When you’re working with what might amount to little more than a good idea and a basic product, it’s hard to quantify. And yet, so much of startup financing hinges on getting a valuation...

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2023 Chart of Accounts for Tech Founders

2023 Chart of Accounts for Tech Founders

When compared to traditional small businesses, early-stage technology startups have nuances that they need to consider when putting together their financial statements and chart of accounts. Often, I find that entrepreneurs have used a financial model to assist them...

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COGS in SaaS: Understanding Cost of Goods Sold

COGS in SaaS: Understanding Cost of Goods Sold

Unlike e-commerce businesses and manufacturers, software-as-a-service (SaaS) companies usually don’t have inventory in the traditional sense. Instead, modern software is delivered to customers through the rental of servers and cloud storage services, where the...

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What is a Fractional CFO?

What is a Fractional CFO?

A lot of pieces make up a successful startup: a great idea, an innovative team, willing investors — the list goes on. But at the end of the day, there’s one key component that can make or break everything else: your finances.  The way your organization manages its...

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What is a 409A Valuation?

What is a 409A Valuation?

Once your startup goes public, any and everyone can see what you’re worth. But when you’re private, you still want to have a way to know where you’re valued. Fortunately, you don’t have to fly blindly here. You can get a 409A valuation.  This valuation, which you...

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Tech Day- Founders Summit 2022

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...

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2022 ShayCPA Quickbooks ProAdvisor Update

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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Meet Our Staff: Megan Mahlstadt

Meet Our Staff: Megan Mahlstadt

In case you missed it, we’ve been using our blog page to introduce you to our ShayCPA team members. As we continue growing, it gives us an excellent opportunity to make sure you know the people who might be answering your email or phone call. Plus, it’s a chance to...

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Meet Our Staff: Elias Bardis

Meet Our Staff: Elias Bardis

As our ShayCPA team grows, we've had the opportunity to bring some fantastic talent onboard. Elias is no exception. We'd like to give you the chance to get to know him a little better in our latest edition of the Meet Our Staff feature.  Elias joined us at the very...

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Meet Our Staff: Grace Tsou

Meet Our Staff: Grace Tsou

Lots of kids dread going to math class — but Grace has always been different. She’s had what she calls an “amicable relationship” with numbers since her youth. That made her a perfect fit for a career in accounting.  As our longest-tenured staff accountant here at...

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Meet Our Staff: Nina Lopez-Ortiz

Meet Our Staff: Nina Lopez-Ortiz

Here at ShayCPA, we strive to deliver a personalized experience. We know that finances are a source of stress for a lot of tech startup founders, and we want to help alleviate that with our dedicated expertise and our friendly approach. With that in mind, we want to...

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Revenue Recognition for SaaS Companies

Revenue Recognition for SaaS Companies

Founders, as you embark on your journey of starting your SaaS-based business, one thing that will come up time and time again will be the concept of “revenue recognition.” That, of course, begs the question: what is revenue recognition?  In short, it’s the process of...

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What is Financial Due Diligence?

What is Financial Due Diligence?

When you’re trying to get people excited about your idea, it’s tempting to want to gild the lily. But startup founders should never put themselves in a position where they’ve overpromised only to underdeliver. It can — and almost always will — catch up to you because...

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What is a 409A Valuation?

What is a 409A Valuation?

Once your startup goes public, any and everyone can see what you’re worth. But when you’re private, you still want to have a way to know where you’re valued. Fortunately, you don’t have to fly blindly here. You can get a 409A valuation.  This valuation, which you...

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What to know about the SVB Shutdown

What to know about the SVB Shutdown

Latest FDIC update: Sunday, March 12th: Depositors will have access to all their SVB stored funds starting Monday, March 13.   Recent FDIC Press release: https://www.fdic.gov/news/press-releases/2023/pr23017.html FDIC FAQ page:...

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Nurturing Biotech Companies in New York

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...

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Using Your R&D Tax Credit Against Payroll Taxes

Using Your R&D Tax Credit Against Payroll Taxes

As you wrapped up the 2022 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...

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2023 Tech Company Tax Tips

2023 Tech Company Tax Tips

Does thinking about filing your taxes put some tension on your shoulders? If so, it’s probably because you’ve had a less-than-ideal filing experience in the past. And in most cases, those unwelcome filing instances come from surprises.  Or you might be feeling...

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Tax Season 2023: Get Your Books Ready

Tax Season 2023: Get Your Books Ready

The start of a new year always feels fresh. You’re looking ahead and probably getting excited about everything your startup will accomplish in 2023.  Don’t forget to look behind you, though. Even as you vision-cast for the year ahead, you need to wrap up the year...

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DELAWARE ANNUAL FILING – 2023

DELAWARE ANNUAL FILING – 2023

The Delaware Annual Filing is due on March 1st, just 3 weeks away. So make sure to be on the lookout for an email from your registered agent in Delaware. You can sometimes use their portal to file an entire annual report. You will need your file number, which you can...

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What is an 83(b) election?

What is an 83(b) election?

As a founder, you get one of the biggest perks through equity in your company. In your early days, you probably aren’t raking in a huge salary or taking sizable owner draws. But you can still be padding your pockets through your shares in your company. While these...

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