Our 3 Top Accounting Trends for 2024
2024 is already well underway, but we’re definitely still early enough into the year that it could go any direction. To help our team and clients prepare for what this year will bring, we’ve spent some time thinking about changes coming down the pipe. As we zoomed...
A Founder’s Guide to Efficient Financial Management in 2024
No matter what kind of solution, service, or product a company delivers, it has one thing in common with every other business in existence today. What’s that underlying thread? They all need to be on top of their financial management. Sure, when you’re small and...
Using Your R&D Tax Credit Against Payroll Taxes
As you wrapped up the 2023 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...
Tax Season 2024- Get Your Books Ready in 6 Steps
The start of a new year always feels fresh. You’re looking ahead and probably getting excited about everything your startup will accomplish in 2024. Don’t forget to look behind you, though. Even as you vision-cast for the year ahead, you need to wrap up the year...
Beneficial Ownership Information: New Filing Requirement for Most Businesses
The Financial Crimes Enforcement Network (FinCEN) wants to know who’s pulling the strings at companies operating in the U.S. As a result, they’ve instituted a new filing requirement. Starting January 2024 (read: this already applies), the vast majority of companies...
2024 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...
Your Essential Guide to the Delaware Annual Filing – 2024
Every corporation incorporated in the State of Delaware is required to file an Annual Franchise Tax Report and pay the associated franchise taxes. This requirement is in place regardless of the level of activity or income generated by the company. The purpose of this...
How CorpNet Helps Startups with State Compliance
Sometimes, running your business isn’t the hardest part of running your business. Instead, complying with state and federal regulations, from taxes to employer requirements, feels most burdensome. Fortunately, you can pay someone else to handle that for you. And...
Staying Ahead of 2024: Essential Accounting Tips for Founders
The new year is already well underway. That doesn’t mean it’s too late to start implementing some new best practices for 2024, though. When it comes to your accounting, employing a few tools and keeping key facts in mind can make your life a whole lot easier. That’s...
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What is a Cap Table? How Does It Impact My Financials?
When you first launched your startup, it was probably exclusively yours and your co-founder(s). But as you fundraise, you give up equity in exchange for the money you need. To make it easy to keep a clear eye on what’s going on with any shareholder’s equity, including...
Creating Your Financial Policies and Procedures Manual
When you think about things you need to build for your startup, it’s probably a long list. And you might be hesitant to add anything to it. But there are a couple of areas where putting in some extra work now pays off in spades down the road. A Financial Policies and...
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...
PEO vs. Payroll Company: What Should My Tech Company Choose?
When your startup is in its early stages, it makes sense to outsource. You might hire a fractional CFO, and you’ll likely hire an accounting firm. You may also want to explore outsourcing a lot of the key functions of a human resources (HR) department. Fortunately,...
Best Practices for Your Tech Company’s Expense Policy
When you’re an agile startup, allowing your employees to expense items and ask for reimbursement can give you a level of flexibility that you probably need. But it can also add a layer of complexity that you probably don’t need. That’s especially true if you don’t...
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...
Brex vs. Ramp – What’s Best for Your Tech Company?
If you’re looking for a solution to power your startup’s fintech stack, we’ve got good news. Relatively new players in the game bring streamlined options paired with better insights to help power your growth. You might have heard of two of the leaders: Ramp and Brex....
How Should Your Tech Company Respond to Inflation
By: Kacie Goff In the 70s and 80s, when inflation was closer to a fairly staggering 10% here in the U.S., tech companies were relatively rare. It’s no surprise. The Great Inflation didn’t create an ideal space for innovation, certainly. Businesses had a tough road 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...
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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...
Get Your Tech Company’s Books Ready for Tax Time in 6 Steps
By Kacie Goff With 2021 behind us, your startup is probably launching into 2022 goal-setting and strategic planning. But 2021 isn’t put to bed just yet. You still need to get all of your taxes squared away. Prepping for doing your taxes isn’t most founders’ idea of a...
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...
1099+ Other Year-end Reporting Tips for your Tech Startup – 2022
Founders, for 2021, the threshold to issue a 1099-NEC remains $600 for payments made in the calendar year 2021. You must issue a 1099-NEC to the following: Services performed by someone who is not your employee (including parts/materials) - (box 1) Payments to an...
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...
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. ...
Convertible Notes vs SAFE’s – Accounting/Tax Considerations
Disclaimer: The terms below are discussed in the context of financing that occurs in the United States for Early-Stage Technology companies. We would strongly advise anyone to seek out a professional to help with their individual company circumstances. Earlier this...
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...
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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