Accounting Blog

Our deep knowledge of accounting and tax issues in the Technology Industry gives you a competitive advantage.
Thank You to Our Clients, Partners, and Team

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...

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ShayCPA Looks Back on 2023

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...

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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 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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Remote Work Benefits

Remote Work Benefits

https://youtu.be/bnT00cxOPek   A remote workforce can deliver a whole host of benefits to employers, from reduced overhead to the ability to tap into a broader (and potentially more skilled) employee pool. It can also help boost employee satisfaction and support...

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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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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,...

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Meet Our Team

Meet Our Team

In my three years of experience at Shay CPA, I’ve worked with many different tech companies and founders, from newly formed start-up companies to large publicly traded corporations. Working with these different companies allowed me to observe and learn about the tech...

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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...

read more
Passing the Four-Part R&D Tax Credit Test

Passing the Four-Part R&D Tax Credit Test

Who wouldn’t want to cut their tax bill by as much as $500,000?  It’s no surprise, then, that a lot of companies — especially startups trying to extend their runway as much as possible — explore the R&D tax credit. Technically called the Credit for Increasing...

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Three Ways Game Developers Can Claim R&D Tax Credits

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...

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Don’t Let New York’s Franchise Tax Sneak Up On You

Don’t Let New York’s Franchise Tax Sneak Up On You

When you think about taxes, you probably directly associate the money that goes out to tax authorities with the money that’s come in. Take sales tax as an example. The more you sell, the more you’re going to pay. Income tax isn’t so different: the more you earn, the...

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Job Titles That Help Your Business Claim R&D Tax Credits

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...

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How to Claim R&D Credits During Clinical Trials

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,...

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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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