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:...
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...
As a startup founder, you’re trying to keep as much money inside your business as possible. If you’re not capitalizing on the federal research tax credit — commonly called the R&D tax credit — you could be missing out in a major way here. This credit lets you...
SHAY CPA P.C. sponsored TechDay HQ's 2022 Founder's Summit event in NYC. TechDay HQ's Founder's Summit is a highly focused conference designed exclusively for startup founders and their c-suite executives. The conference featured educational sessions presented by...
Since most startups operate at a loss in their early years, it might feel like there’s no way to get a handle on areas where you are seeing revenue growth. Fortunately, even while you’re operating on a shoestring, you can tap into two metrics to visualize where your...
In an ideal world, your startup’s product or service would be so wow-worthy that people would be falling over themselves to buy it. And you might have some cases of that. But it’s no way to build a business. If it was, sales and marketing departments wouldn’t exist. ...
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...
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...
It might be time to update the old adage. Maybe it’s not cash that’s king, but cash flow. One study conducted by U.S. Bank concluded that 82% of business failures can be chalked up to bad cash management. When your startup’s in its early days, it probably isn’t...