For tech startups operating in Manhattan, especially those that have recently raised Seed or Series A rounds, the Commercial Rent Tax (CRT) can be an unexpected expense. If you're leasing office space in Manhattan south of 96th Street and your annual rent exceeds...
With remote work becoming more prevalent, especially in the tech industry, it's crucial for businesses to understand the tax implications of having employees work from various locations. One such consideration is New York's "Convenience of the Employer" rule, which...
Overhead is one of the fastest ways to increase your burn rate and shrink your runway. As a result, hiring the help you need usually feels like a major undertaking. You want to be sure you’re getting someone with the expertise you need so you can see ROI on their...
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...
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...
The month-end close is a critical tool in any tech company’s arsenal. It’s also a lot of work. Gathering up all of the details you need to look back over the last month and account for every penny can be a major lift. Add in the need to update key financial reports...
Not so very long ago, investors were thrilled about the opportunities tech presented to them. Everyone was on the hunt for the next unicorn, and founders had ample opportunity to build the runway they needed to get their companies off the ground. Things have changed,...
Founders and finance teams want to keep a finger on the pulse of the company’s health. With a month-end close, they get the detailed look they need to evaluate their runway, revenue trends, and more. Plus, this regular step ensures that the financial reports investors...
The IRS wants to see your books in twelve-month batches. That doesn’t mean you have to file your tax return based on the calendar year, though. If a January 1 start and a December 31 close doesn’t make sense for your business, you have the option to change to a fiscal...