Taxes

Tax Deductions for Startups

Tax Deductions for Startups

By Kacie Goff As you work to scale your startup, the old adage rings true: cash is king. The more cash you can have on hand, the easier it is to build your best product and launch into new opportunities. And tax deductions give you an excellent way to maximize your...

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Tech Company Tax Tips – by Akshay Shrimanker, CPA

Tech Company Tax Tips – by Akshay Shrimanker, CPA

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...

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DELAWARE ANNUAL FILING-2022

DELAWARE ANNUAL FILING-2022

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...

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Meals and Entertainment Deduction

Meals and Entertainment Deduction

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...

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Your Guide to R&D Tax Credits

Your Guide to R&D Tax Credits

By: Kacie Goff Research and development (R&D) can help boost not just an individual business’s profitability, but also the economy around them. Dedicated R&D presents the opportunity to fine-tune innovations, allowing companies to forge new ground — and do so...

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Remote Workers — and the Tax Implications

Remote Workers — and the Tax Implications

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. ...

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Clarification on IRS updated Tax Deadline

Clarification on IRS updated Tax Deadline

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...

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