Accounting Blog

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PR For Your Startup – Is the Right Time Now?

PR For Your Startup – Is the Right Time Now?

By Scott Rosenblum As we head into 2024, founders might be reviewing revenue goals, hiring, operational costs, taxes, and marketing spending. Some may also be considering adding Public Relations to that spend to help build brand awareness.   Most founders hear that...

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6 Year-End Tax Planning Tips for 2023

6 Year-End Tax Planning Tips for 2023

As the year wraps up, it’s time to start making that list and checking it twice. No, it’s not your holiday gift list. It’s your year-end tax planning to-dos.  Taking some time to get yourself sorted could mean thousands of dollars of savings between your startup’s...

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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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Budgeting for 2024 for Your Tech Company

Budgeting for 2024 for Your Tech Company

Think back to the earliest days of your startup. What started off as nothing more than an idea bloomed into a company. How did that happen? To a large extent, you can probably chalk it up to careful planning followed by diligent execution. With the new year about to...

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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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The Best Bookkeeping Tips for Tech Startups

The Best Bookkeeping Tips for Tech Startups

When you’re in the early days of your startup, a lot comes down to money. So much of your focus has to go toward finding the funding you need to get your idea off the ground.  After all the work you put into finding investors, securing grants, or forging other paths...

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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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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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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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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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