Accounting Blog

Our deep knowledge of accounting and tax issues in the Technology Industry gives you a competitive advantage.
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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What are SAFE Agreements?

What are SAFE Agreements?

A relatively new tool has come into founders’ hands: simple agreements for future equity, or SAFEs. But are they, as the name suggests, simple? Not necessarily.  They’re still worth wrapping your head around, though, because SAFEs could give you a way to get the...

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What are Convertible Notes?

What are Convertible Notes?

Finding investors for your early-stage startup can feel particularly challenging. When you’re working with what might amount to little more than a good idea and a basic product, it’s hard to quantify. And yet, so much of startup financing hinges on getting a valuation...

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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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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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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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Tax Deductions for Startups

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...

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Tech Company Tax Tips – by Akshay Shrimanker, CPA

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...

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DELAWARE ANNUAL FILING-2022

DELAWARE ANNUAL FILING-2022

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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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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