How to Prepare for Your Next VC Board Meeting: What CFOs Need to Know
Keeping investors satisfied is a big, important undertaking for any company that’s funded by outside sources. If your organization is backed by venture capital (VC) equity, that probably means having regular board meetings with key VC stakeholders. That can be a...
Understanding NYC’s 401(k) Rules for Startups: A Guide for Small Employers
For startups in New York City, offering a 401(k) or other retirement savings plan is not only a smart move for attracting and retaining talent—it may also be required by law. New York City (and New York State) have enacted regulations that mandate eligible...
Cash Runway Management: Key Metrics and Tools for Early-Stage Startups
Cash is the lifeblood of an early-stage company. Since you’re probably not turning any significant profit yet — and potentially taking losses — managing the money you have is critical. The more you can extend your cash runway, the longer you buy to figure out how to...
What Should I Look for in a CPA for My VC-Backed Company?
When your company taps into venture capital (VC) funds to build its runway, investors expect you to be diligent with every dollar. You probably want to be, too, since the more you can slow your burn, the longer you have to figure out how to make your business model...
Achieving Efficient Financial Management in 2025
When we start planning for a new year, things often look rosy. We might set sweeping goals and make ambitious projections. Then, the reality of life settles in. As the year gets underway, the busyness that comes with running a business has probably already presented...
Filing a Corporate Tax Extension: Everything You Need to Know Before April 15, 2025
As the April 15, 2025, deadline for filing corporate tax returns approaches, many businesses, especially early-stage technology companies, may find themselves in need of additional time to gather necessary financial records and finalize their tax filings. Fortunately,...
Shutting Down Your Tech Company? Take These 5 Steps
Deciding to close down operations at a company you founded is never easy. This venture represents a lot of time, energy, and money. Shutting it down can feel like a major loss. At the same time, though, it might come with some measure of relief. By the time you’re...
Bank Sweep Products in 2025: A CFO’s Guide for Tech Companies
Tech companies in 2025 face a financial landscape shaped by fintech innovation and recent bank failures. The Silicon Valley Bank collapse in 2023 underscored why founders must diversify and protect large cash deposits. Meanwhile, rising interest rates mean idle cash...
QuickBooks Alternatives: New Players Worth Your Consideration
QuickBooks has long been the standard in accounting software, and for good reason. It’s a robust tool packed with lots of features, and it can scale with your business. That said, it’s not the only player in the game. And some of the other options can offer...
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...
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...
Do You Need Bookkeeping as a Pre-Revenue Startup Company?
If your startup is in its early stages, your plate probably feels overly full. With so much to do to get your idea off the ground, fund your growth, and scale your operations, it’s easy to push things that can wait to the back burner. The thing is: bookkeeping isn’t...
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...
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...
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...
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....
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...
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...
Cash Management: How to Manage Cash for Your Startup — and Why It Matters
You’ve probably heard it before: cash is the lifeblood of a business. You need it running through your company’s veins to keep things functioning. Without it, you’ll struggle to do core things like pay employees and maintain your office space, let alone market your...
5 Steps to Build an Expense Policy for Your Tech Company
Last summer, we talked about some best practices for a tech company’s expense policy. If you read it, it probably got your wheels turning. As it turns out, solid — and IRS-compliant — expense management means a lot more than cutting a check for the amount of the...
How Layoffs Affect Your Tech Company’s Books and Payroll
In the grand scheme of things, layoffs can be a critical strategic move to help your company survive long-term. But if you’re in the middle of a round of layoffs or even considering them, it’s hard to get that high-level view. Layoffs are painful and can get...
How Do I Organize the Finance Department at my Startup?
As you grow your startup, you know you need to prioritize building the right team. And that means finding the right people with the right skill sets, which definitely isn’t easy. That gets even harder when you’re hiring for finance functions. You’re probably not an...
What the Silicon Valley Bank Collapse Means for Tech Startup Founders
Akshay Shrimanker, our Founder and CEO, recently joined Blake Oliver, David Leary, and a panel of other accounting experts (Mike Moiśe CPA, Matthew May CPA, and Reynaldo Arellano CPA) on a special episode of the Cloud Accounting Podcast. With everything that’s been in...
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:...
Deel vs. Remote: Your Guide to International Payroll
Digitalization makes our world smaller by the day. And that means that as you’re hiring for your startup, you don’t necessarily want — or need — to limit yourself to recruiting domestically. Historically, the problem with hiring someone in another country has largely...
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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...
Demystifying Taxes for Startup Founders: Deadlines You Need to Know
It’s that time of year again. The beginning of a new calendar year means every business owner needs to put some thought into tax filings. Beyond filing for your own company, you also have fast-approaching responsibilities pertaining to your employee’s taxes and their...
All about SECURE Act 2.0 Tax Credits for Small Businesses
Paid non-client of Betterment. Views may not be representative, see more reviews at G2. Learn more about Shay CPA’s relationship with Betterment. Betterment is not a tax advisor, nor should any information herein be considered tax advice. Please consult a qualified...
1099 + Other Year-End Reporting Tips for Your Tech Startup | 2024
Startup founders, as you embark on making sure your tech company is compliant with all of its tax obligations in 2024, a host of deadlines are upcoming for you and your finance team to navigate which involve information returns (W2s, 1099s, and other reporting). ...
Form 6166, Tax Residency, and Why It Matters for Your Startup
Expanding your operations abroad means that your business is doing well enough to scale in a big way. It’s a major milestone. But it can also come with a major tax burden if you’re not careful. Once you start operating internationally, your startup could be subject...
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...
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...
What New York-Based Tech Companies Should Know About QETC Filings
The state of New York offers some serious tax perks for tech startups operating within its borders. Specifically, if you can get certified as a qualified emerging tech company (QETC), you and your investors can claim some meaningful credits to lower your tax...
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...
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...
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...
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...
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...
Congrats, You Raised Your Series A. Your Next Hire? A Full-Time CFO
With a Series A fundraise, we typically see raise sizes in the $10M+ range. Managing that amount of capital as a founder comes with significant responsibility. That’s why I recommend making your next C-Suite hire a full-time CFO or VP of Finance. If your co-founder...
Budgeting and Forecasting Tips for Your Tech Company
Running a tech company requires you to keep a lot of plates spinning. You might not feel like you have time for financial planning and analysis (FP&A) — but you need to make time. Without proper budgeting and forecasting in place, you’re flying blind. You need a...
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...
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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