Back in 2017, as the holiday season was well underway, startups got what many consider the opposite of a gift. With the implementation of the Tax Cuts and Jobs Act (TCJA), companies lost the right to take a tax deduction for R&D expenses in the year in which those...
If your company is leaning into the exploding opportunities created by artificial intelligence (AI) and machine learning (ML), you’re probably excited about what it could do for your business. Lots of people and companies are champing at the bit for AI/ML products and...
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...
Developing a game isn’t cheap. Even if you have a team of 3D modeling pros with lots of programming experience and heaps of creativity, the hours you’ll all dump into building your game are hours people expect to be paid. And even if your internal team can handle the...
As a startup, you’re probably looking for every money-saving opportunity you can find. That’s particularly true when it comes to your taxes. Even if you’re operating at a loss and don’t have a tax liability yet, tax credits matter. The U.S. Code allows you to carry...
The landscape for small businesses and startups is constantly evolving, especially when it comes to taxes. One area ripe for taking advantage of is the Research and Development (R&D) Tax Credit. Recent changes in tax laws have made this opportunity even more...
Because our team here at ShayCPA specializes in providing accounting services to tech companies, we spend a lot of time working with Section 41 of the Internal Revenue Code. IRC § 41 is what makes it possible to claim a tax credit for research and development,...
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...
As you wrapped up the 2022 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...