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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How Do I Finance a Tech Company?
By: Kacie Goff It usually takes a while (read: years) for a tech startup to start turning a profit. But that hasn’t stopped plenty of entrepreneurs from turning a good idea into a revenue-generating business. The issue becomes bridging the gap between developing the...
How Tech Companies Can Safeguard Their Assets
By: Kacie Goff A few decades ago, when companies thought about protecting their assets, they thought about safeguarding physical and financial assets and their intellectual property. Today, though, there’s a new type of asset that needs protection: digital assets. And...
Remote Work Benefits
https://youtu.be/bnT00cxOPek A remote workforce can deliver a whole host of benefits to employers, from reduced overhead to the ability to tap into a broader (and potentially more skilled) employee pool. It can also help boost employee satisfaction and support...
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...
Incase you Missed it: May 2021 Revenue Recognition Webinar.
Did you miss our discussion on Revenue Recognition? We answered questions on this important financial topic for startups. Akshay Shrimanker, CPA, was joined by Eric Chan (Head of Global Partnerships at Chargebee), Michael Krantz (Global Partnership Manager at...
May 2021 Revenue Recognition Webinar
Revenue Recognition is an area Technology Companies quickly have to deal with as they scale their service offerings. I'm excited to announce I'll be participating in a panel discussion with Eric Chan at Chargebee, Michael Krantz at GoCardless, and Rakesh...
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...
Year-End Finance Tips for Your Startup
https://www.youtube.com/watch?v=8_Vnwp8fDxk&feature=youtu.be 2020 has been an unprecedented year especially for founders who have had to navigate the impact of COVID-19 on their company’s operations and survival. Many tech founders took advantage of government...
Accounting & Taxes for Tech Founders
Founders on August 5th, 2020 our founder Akshay Shrimanker, CPA had the pleasure of hosting a workshop to discuss 'Accounting & Taxes for Early-Stage Tech Founders' with the Queens Economic Development Corporation (QEDC) as part of their 'Reboot & Restart -...
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2021 DELAWARE ANNUAL FILING
The Delaware Annual Filing is due on March 1st, which is just a month from now. 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,...
Akshay’s Tips for Getting Your Tech Company’s Books Ready for Tax Time
Use an Accounting System: QuickBooks Online, Xero, among other tools are great systems to keep your tech companies’ finances organized and in one place. We love using QuickBooks because bank and credit card transitions directly sync daily. Care must be taken to...
1099 Tips for your Tech Startup – 2021
https://youtu.be/pKmnbEYv_zk Founders, for 2021, there is a new tax form to report payments to contractors - 1099-NEC. This form is different from the 1099-MISC form, previously used to report payments to contractors. The threshold is still $600, and the...
Tax Benefits of QETC Status: For New York-Based Tech Companies
https://youtu.be/vTnZ6QcPKyQ Are you an early stage technology startup based in New York State? If so read about the tax incentive below that is available. The company doesn’t necessarily need to be incorporated in New York to qualify as most early stage tech...
Founders – Year-End Tax Tips for your Tech Company to think about this Summer!
Founders 2020 has been a tumultuous year and as I was writing this blog post I realized that there are so many aspects that founders need to think about this year versus prior years that the year-end tax planning actually needs to start right now, instead of...
Delaware Annual Filing Tips
The Delaware Annual Filing is due on March 1st, which is just a month from now. 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,...
Year-End Tax Planning Tips for Tech Founders
Many early-stage founders feel they don’t need to worry about taxes for their tech startups since they are incurring losses, however, tech startups have exposure to taxes in many ways so without careful planning and consideration, you could leave your company...
Tax Benefits of QETC Status
Qualified Emerging Technology Companies (QETCS) Are you an early-stage technology startup based in New York State? If so read about the tax incentive below that is available. The company doesn’t necessarily need to be incorporated in New York to qualify as most...
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