Accounting Blog

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

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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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How Gen-Z Is Changing the Startup Culture

How Gen-Z Is Changing the Startup Culture

As a CPA firm, we get a unique look into a lot of businesses. We get to see behind the curtain and analyze the inner workings. As we offer accounting services to a wide variety of startups, we start to see trends and commonalities emerge. That’s been especially...

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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.’  What is revenue recognition you may ask?  Revenue recognition is the process of recognizing...

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Chart of Accounts for Tech Founders

Chart of Accounts for Tech Founders

Early-Stage technology startups have nuances compared to more traditional small businesses 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 in...

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Artificial Intelligence & Accounting

Artificial Intelligence & Accounting

On November 14, Akshay Shrimanker of Shay CPA P.C. participated in a panel discussion about accounting and artificial intelligence hosted by Michael Guthammar inside the offices of 24SevenOffice. The panel also included 24SevenOffice CEO Stian Rustad and Westmusa Inc....

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4 Tips to Help Tech Companies Handle Headhunting

4 Tips to Help Tech Companies Handle Headhunting

In an ideal world, the team you build at your tech startup should be lean and mean. Finding top talent means you get people on staff who can accomplish more with less guidance in less time. And that enables you to outdo your competition and grow faster. At the end of...

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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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C Corps vs. S Corps

C Corps vs. S Corps

When you’re getting a tech company off the ground, you’re faced with a lot of big decisions. From identifying the right funding sources to building your company’s branding, you’re making choices that will affect you from here on out. That’s particularly true when it...

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The Best Banking Partners for Your Tech Company

The Best Banking Partners for Your Tech Company

The partnerships your startup makes early on can make or break you. That includes financial partners beyond investors. When you choose a bank, you lock yourself into a specific set of options: the specific services and products that each bank provides.  Yes, you can...

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Meals and Entertainment Deduction

Meals and Entertainment Deduction

By: Kacie Goff When you’re launching a startup, the tax-deductibility of certain meals and entertainment can be particularly exciting. You need to eat, after all, so it seems like a pretty sweet deal that you might reap some tax benefits there. The trick, though, is...

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Your Guide to R&D Tax Credits

Your Guide to R&D Tax Credits

By: Kacie Goff Research and development (R&D) can help boost not just an individual business’s profitability, but also the economy around them. Dedicated R&D presents the opportunity to fine-tune innovations, allowing companies to forge new ground — and do so...

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Remote Workers — and the Tax Implications

Remote Workers — and the Tax Implications

By: Kacie Goff In early 2020, remote work was trending upward, but it wasn’t looking to be the status quo anytime soon. Then, everything changed. Now, experts predict that by 2025, an estimated 70% of employees will work remotely at least a handful of days a month. ...

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Clarification on IRS updated Tax Deadline

Clarification on IRS updated Tax Deadline

Due to the ongoing COVID-19 pandemic, the IRS had delayed the yearly April 15th tax deadline to May 17th. This delayed deadline does not affect Corporate tax filings. Below we've collected answers to common questions about the new deadline. Who does the delay apply...

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Federal R&D Tax Credit for Tech Founders

Federal R&D Tax Credit for Tech Founders

https://youtu.be/HiaOI5U-Kwo   Founders, there is a powerful tax credit that can help put cash back into your startup, offsetting up to $250,000 of Payroll taxes per year for qualified small businesses. For businesses that don’t meet the qualified small business...

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2021 DELAWARE ANNUAL FILING

2021 DELAWARE ANNUAL FILING

The Delaware Annual Filing is due on March 1st, which is just a month from now. 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,...

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1099 Tips for your Tech Startup – 2021

1099 Tips for your Tech Startup – 2021

https://youtu.be/pKmnbEYv_zk   Founders, for 2021, there is a new tax form to report payments to contractors - 1099-NEC. This form is different from the 1099-MISC form, previously used to report payments to contractors. The threshold is still $600, and the...

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