Accounting Blog

Our deep knowledge of accounting and tax issues in the Technology Industry gives you a competitive advantage.
Updates to Section 174 and How They Impact Your Company

Updates to Section 174 and How They Impact Your Company

Back in 2017, as the holiday season was well underway, startups got what many consider the opposite of a gift. With the implementation of the Tax Cuts and Jobs Act (TCJA), companies lost the right to take a tax deduction for R&D expenses in the year in which those...

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What To Do If Your Startup Gets Audited

What To Do If Your Startup Gets Audited

Getting an audit notice from a tax authority is enough to stop most founders in their tracks. It doesn’t necessarily mean you’ve done anything wrong, though.  While things like high deductions can definitely trigger an audit, it’s also possible to get chosen at...

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Shay CPA’s 3rd Annual Company NYC Retreat Recap

Shay CPA’s 3rd Annual Company NYC Retreat Recap

This year, Shay CPA hosted its third annual company retreat in the heart of New York City, an event packed with learning, connection, and celebration. From engaging presentations to immersive team-building workshops and a fun-filled final day, the retreat offered our...

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Startups – What’s your burn rate?

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...

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2021 Year-end tips for your Technology Company

2021 Year-end tips for your Technology Company

As we head into the end of another wild year, you might be feeling particularly ready to wrap things up. But you might also be feeling some fatigue from all of the uncertainty — not to mention the hustle of growing your tech startup. Whether looking to 2022 feels...

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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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What to know about the SVB Shutdown

What to know about the SVB Shutdown

Latest FDIC update: Sunday, March 12th: Depositors will have access to all their SVB stored funds starting Monday, March 13.   Recent FDIC Press release: https://www.fdic.gov/news/press-releases/2023/pr23017.html FDIC FAQ page:...

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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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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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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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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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What are Customer Acquisition Costs (CAC)? Organic vs. Paid

What are Customer Acquisition Costs (CAC)? Organic vs. Paid

In an ideal world, your startup’s product or service would be so wow-worthy that people would be falling over themselves to buy it. And you might have some cases of that. But it’s no way to build a business. If it was, sales and marketing departments wouldn’t exist. ...

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What is a Fractional CFO?

What is a Fractional CFO?

A lot of pieces make up a successful startup: a great idea, an innovative team, willing investors — the list goes on. But at the end of the day, there’s one key component that can make or break everything else: your finances.  The way your organization manages its...

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The 5 Most Important Metrics for Startups to Track

The 5 Most Important Metrics for Startups to Track

Startup founders risk information overload. As you grow your team, you’ll probably get reports and updates on how various facets of your startup are faring. It’s a lot to take in. You might even reach a point where you start to miss the forest for the trees.  It’s...

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What is a 409A Valuation?

What is a 409A Valuation?

Once your startup goes public, any and everyone can see what you’re worth. But when you’re private, you still want to have a way to know where you’re valued. Fortunately, you don’t have to fly blindly here. You can get a 409A valuation.  This valuation, which you...

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What do VC’s look for in early-stage founders?

What do VC’s look for in early-stage founders?

By: Kacie Goff Funding-wise, things generally get easier as your business grows and gains traction. It’s getting the funding you need to finance the early stages of your company that’s the trick. And that’s precisely what prevents a lot of good ideas from becoming...

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Non-Dilutive Funding Options Available to Tech Founders

Non-Dilutive Funding Options Available to Tech Founders

By: Kacie Goff In the early days of your business, funding makes all the difference in the world. But even established tech companies may find themselves in a situation where additional funding could enable a big win, like a venture into a new product or service. ...

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