Getting ready for tax season isn’t most people’s idea of fun. Here at ShayCPA, we think that’s most likely because it often comes with unexpected, unwelcome surprises. As a result, a lot of people feel tension at the mere mention of the word “taxes.” But it doesn’t...
By Kacie Goff With 2021 behind us, your startup is probably launching into 2022 goal-setting and strategic planning. But 2021 isn’t put to bed just yet. You still need to get all of your taxes squared away. Prepping for doing your taxes isn’t most founders’ idea of a...
The Delaware Annual Filing is due on March 1st, just 3 weeks away. 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, which you can...
Founders, for 2021, the threshold to issue a 1099-NEC remains $600 for payments made in the calendar year 2021. You must issue a 1099-NEC to the following: Services performed by someone who is not your employee (including parts/materials) - (box 1) Payments to an...
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...
By: Kacie Goff In early 2020, remote work was trending upward, but it wasn’t looking to be the status quo anytime soon. Then, everything changed. Now, experts predict that by 2025, an estimated 70% of employees will work remotely at least a handful of days a month. ...
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...
Due to the ongoing COVID-19 pandemic, the IRS had delayed the yearly April 15th tax deadline to May 17th. This delayed deadline does not affect Corporate tax filings. Below we've collected answers to common questions about the new deadline. Who does the delay apply...
https://youtu.be/HiaOI5U-Kwo Founders, there is a powerful tax credit that can help put cash back into your startup, offsetting up to $250,000 of Payroll taxes per year for qualified small businesses. For businesses that don’t meet the qualified small business...