Tax Benefits for Founders: Qualifying Small Business Stock (QSBS)
As a founder, you’re probably going to issue yourself a significant number of shares in your company. The goal there, of course, is to make some (ideally, a large amount) of money down the road. But the amount you’ll be able to pocket hinges on how you handle your...
Startups – What’s your burn rate?
It might be time to update the old adage. Maybe it’s not cash that’s king, but cash flow. One study conducted by U.S. Bank concluded that 82% of business failures can be chalked up to bad cash management. When your startup’s in its early days, it probably isn’t...
Founders – Bookkeeping vs. Accounting: What’s the Difference?
When it comes to differentiating bookkeepers from accountants, a lot of startup founders primarily focus on when to hire them. For example, you might hire a bookkeeper on an ongoing basis, but only work with an accountant during tax filing season. The trick, though,...
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...
Does Your Startup Need a Technical Founder?
When you’re building a startup, you know that the people you gather around you matter more than almost anything else. If you’re launching a tech company and you don’t have a programming background yourself, that becomes particularly important. That’s why a lot of...
How to Create an Executive Summary That Will Wow Investors
When your startup is in its seed stage, you face a catch-22. On the one hand, you need investors to power your growth. But, on the other hand, you need to grow to have something tangible to show investors why it’s worth betting on you. Fortunately, you can lean on an...
The Normalization of Remote Work Will Change How Companies Allocate Their Resources and Funding
By Kaci Goff By late 2020, experts had already started speculating about what the pandemic would do to the workplace. As a result, many workplaces moved to a “virtual first” mentality, and Zoom became a verb in a whole new way. That was especially true in the tech...
Tax Deductions for Startups
By Kacie Goff As you work to scale your startup, the old adage rings true: cash is king. The more cash you can have on hand, the easier it is to build your best product and launch into new opportunities. And tax deductions give you an excellent way to maximize your...
Tech Company Tax Tips – by Akshay Shrimanker, CPA
Getting ready for tax season isn’t most people’s idea of fun. Here at ShayCPA, we think that’s most likely because it often comes with unexpected, unwelcome surprises. As a result, a lot of people feel tension at the mere mention of the word “taxes.” But it doesn’t...