Accounting Blog

Our deep knowledge of accounting and tax issues in the Technology Industry gives you a competitive advantage.
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:...

read more
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...

read more
Your Guide to 2022 R&D Tax Credits

Your Guide to 2022 R&D Tax Credits

As a startup founder, you’re trying to keep as much money inside your business as possible. If you’re not capitalizing on the federal research tax credit — commonly called the R&D tax credit — you could be missing out in a major way here. This credit lets you...

read more
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...

read more
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...

read more
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...

read more
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...

read more
Gusto vs. Justworks: A Closer Look

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...

read more
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...

read more
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...

read more
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...

read more
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...

read more
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...

read more
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...

read more
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...

read more
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...

read more
The ShayCPA team are Quickbooks ProAdvisor Certified

The ShayCPA team are Quickbooks ProAdvisor Certified

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...

read more
Our Team is Bill.com Certified

Our Team is Bill.com Certified

Let SHAY CPA P.C. help your startup with its A/P and A/R process. Each of our accounting staff members is certified in using Bill.com which helps set up a process for payments. This is great for companies that need a simple process for bill-pay/receivables management,...

read more
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...

read more
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...

read more
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...

read more
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:...

read more
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...

read more
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...

read more
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...

read more
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...

read more