November 15th, 2013, was my last day at my full-time job at WNET-Channel 13. That day was a culmination of a three-year journey prior where I was moonlighting and creating my CPA firm on the side - nights, weekends, and even lunch hours. Leaving a full-time job was a...
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Understanding the Down Round in Tech Companies: Accounting & Tax Implications
Going through a down round isn’t ideal, but plenty of startups have successfully leveraged one — or several — on their way to success. Whether you’re considering this option because of internal factors (like lackluster financial performance) or external ones (like...
Generative AI and Your Tech Company
Back in 2019, Akshay Shrimanker, our Founder and CEO, joined a panel about artificial intelligence (AI). Just three years ago, the panelists were excited about the promise of AI but said it had a long way to go. Specifically, they identified the need for more inputs...
Nurturing Biotech Companies in New York
An Overview of START-UP NY, QETC, and Life Sciences R&D Tax Credit Program New York has long been a global hub for finance, fashion, and food. But the Big Apple is also a budding hotspot for biotech, offering a robust range of programs designed to foster...
Mosaic vs. Causal: FP&A Apps Worth a Look
When you think about things that make or break a startup, a lot probably comes to mind. From strategic thinking to runway, your burgeoning company needs a lot of things to go right in order to thrive. The good and bad news is that a lot of those factors interplay. If...
Importance of Enabling Two-Step Verification for Your Payroll Software
Fraudulent payroll runs are causing customers thousands of dollars and are on the rise. Unfortunately, small businesses, particularly tech companies, are often the targets of payroll theft. We know that for most of our clients, runway is tight, and an incident...
Spring Cleaning: How Organizing Your Bookkeeping Now Can Get You Ready for Your Next Fundraise
‘Tis the season. As the days get longer and the weather gets warmer, it’s time to undertake the annual chore of spring cleaning. This doesn’t just apply to your abode. Employing a spring cleaning mentality at your startup — especially when it comes to your books — can...
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:...
Section 195: What Every Founder Should Know About Startup Expenses
Getting a business off the ground requires capital. As they say, you need to spend money to make money. But Section 195 of the Internal Revenue Code (IRC) brings some good news. Once you launch your startup, you may be able to recoup some of those costs in the form of...