SHAY CPA P.C.

Getting an audit notice can feel like a big deal, but it doesn't necessarily mean you’ve done something wrong. Whether it's triggered by high deductions or selected randomly by computer screening, audits are a reality for many startups. But how you respond is key to navigating this process smoothly. Here’s what you need to know: 🔍 Understand the Type of Audit: Income tax, payroll, or sales tax audits each require different documentation and preparation. 🧑💼 Involve the Right Experts: Get your CPA or outside accounting firm involved early. They can handle the process and even represent you directly with the tax authority. ⏳ Be Patient: Audits can take time, especially with the current accountant shortage. Stay calm and responsive to ensure a smoother process. An audit doesn't have to be a crisis. With the right approach and expert guidance, you can manage it effectively and keep your business on track. For expert assistance in handling audits, reach out to our team at ShayCPA. We’re here to help you navigate every step. Read More: https://bit.ly/3ZlmYqM #StartupSuccess #AuditPreparation #TaxStrategy #AccountingExperts #ShayCPA #cpafirm #techaccountants #startupaccountants #techstartup #techcompany

📣 Couldn't file your full Corporate tax return in time? Don't panic! If you filed for an extension, you now have until October 16th. Take advantage of this opportunity to get your affairs in order and meet your tax obligations. #TaxExtension #CorporateTaxExtension #ShayCPA #cpafirm #techaccountants #startupaccountants #techstartup #techcompany #taxes #taxseason

✨ Shay CPA's 3rd Annual Retreat Recap ✨ This year, we brought our remote team together in the heart of New York City for an unforgettable retreat! From insightful presentations to hands-on leadership workshops and a fun-filled final day exploring the city, the experience was all about learning, connection, and celebration. 🎉 Hudson Yards, team-building games, and even a Mets game – it was a chance for us to reflect on our journey, strengthen our bond, and plan for the exciting road ahead. Read all about it: https://bit.ly/4dYRVFG #TeamShayCPA #CompanyCulture #Leadership #RemoteTeam #CompanyRetreat #ShayCPA #cpafirm #techaccountants #startupaccountants #techstartup #techcompany

The month-end close is crucial for every tech company, but it can be time-consuming and complex. Luckily, the right tech tools can transform this process, helping you breeze through your checklist with enhanced speed and accuracy. Here are some top tech solutions to consider: 1️⃣ Cloud-Based Accounting Software: Get real-time access to your financial data from anywhere and automate tedious tasks. 2️⃣ Enterprise Resource Planning (ERP): Integrate all business functions into a single system to streamline your month-end process. 3️⃣ AI-Driven Analytics: Use AI to automate financial reporting, detect errors, and forecast cash flow. Choosing the right fintech stack tailored to your startup’s needs can significantly improve efficiency and accuracy. Not sure where to start? Our team at ShayCPA is here to help you select and implement the best tools for your business. Let’s simplify your month-end close together! Contact us today to learn more. Read More: https://bit.ly/3T21g6W #TechInnovation #Fintech #MonthEndClose #Efficiency #AccountingSolutions #ShayCPA #cpafirm #techaccountants #startupaccountants #techstartup #techcompany

🔔 Reminder! Shay CPA will be at the Macaulay Honors College at The City University of New York Business and Tech Career Fair this Friday, September 13th from 11 am to 2 pm! Don't miss this opportunity to meet our team, discover career opportunities, and learn more about what it's like to work at Shay CPA. Whether you're a student, a recent graduate, or just exploring new career paths, we'd love to chat with you! Mark your calendars, and see you there! More Information and Registration: https://bit.ly/3ASOemf #CareerFairReminder #JoinUs #ShayCPA #MacaulayHonorsCollege

In today’s tight funding landscape, early-stage startups must rethink their financial strategies. With investors becoming more selective, the days of easy funding are behind us. Here are some key tips to help startups navigate this new reality: ❇️ Stay Lean: Focus on efficient spending and prioritize reaching break-even as soon as possible. ❇️ Generate Cash: Shift your strategy towards generating revenue with paying customers. ❇️ Optimize Cash Flow: Build a detailed cash flow forecast to manage every dollar wisely. Adopting a lean financial strategy not only extends your runway but also makes your startup more attractive to investors. Need help navigating these changes? Connect with our team for expert guidance. 🌱 Read More: https://bit.ly/3ACUzlA #StartupStrategy #FinancialPlanning #VentureCapital #CashFlowManagement #LeanStartup #ShayCPA #cpafirm #techaccountants #startupaccountants #techstartup #techcompany

🎉 Exciting News! Shay CPA will be at the Macaulay Honors College Business and Tech Career Fair on September 13th from 11 am to 2 pm! Are you passionate about accounting, business, or technology? This is your chance to connect with our team, learn more about our firm, and explore opportunities to grow your career with us. We can't wait to meet talented students who are ready to make an impact. See you there! More information & registration: https://bit.ly/3ASOemf #CareerFair #BusinessAndTech #AccountingCareers #ShayCPA #MacaulayHonorsCollege #ShayCPA #cpafirm #techaccountants #startupaccountants #techstartup #techcompany

💻 2024 ACCELERATOR WORKSHOP TWO RECAP 💻 This week, we had the pleasure of gathering our incredible 2024 accelerator cohort companies for Workshop 2, which wrapped up today. Held virtually, the workshop focused on providing practical tools to help enhance their business operations, refine development strategies, and improve sales processes. We’re excited to see how these connections and insights will drive their businesses forward. 📈📝 🚀DAY 1️⃣  - Matt O'Rourke from KJP Group shared his expertise on pricing strategies, diving deep into the decisions necessary for setting the right price and exploring various pricing models.  - David (DJ) Cotlow from Equinor Procurement Team provided invaluable insights into contracting in the OSW US market, breaking down the typical contract structures and supplier selection processes.  -Our great friends from Rho, as Tommy McNulty shared his expertise on building sales teams in the US, covering hiring strategies, compensation structures, and the creation of a performance-driven culture. - Parker Malone from Equinor Ventures took the stage to guide us through the essentials of crafting a compelling investor pitch, highlighting key numbers to include and best practices in negotiation.  - The day concluded with a fantastic peer-to-peer pitch feedback session 👥, where each of our six amazing cohort companies: Sensatek Propulsion Technology, Inc, Indeximate, Triton Anchor, Claviate, Boxkite, Pliant Energy Systems Inc—had the opportunity to present and share their insights. It was truly inspiring to witness the support among these innovators! 🚀DAY 2️⃣  - The second day began with an expert session on branding and media awareness, led by Philip Chinitz from BerlinRosen, who shared strategies for startups to effectively use social media, press releases, and media outreach to get noticed.  - Lindsay Siegel guided us through the DEI Playbook, discussing how to incorporate DEI in startup culture, hiring practices, and product development—a crucial conversation for building inclusive and sustainable businesses.  - The morning continued with Frank Paz from Goodwin, who provided an overview of legal foundations for startups, including US incorporations, IP rights, and other essential legal considerations.  - To round off the sessions, Akshay Shrimanker, CPA from SHAY CPA P.C. presented an accounting overview for startups, focusing on the specific needs of EU companies operating in the US, corporate taxes, and preparation for investors. - The workshop wrapped up with individual office hours with lawyers and accountants, offering personalized support to address the specific needs of our cohort companies. 💚🖱️This year's virtual workshop was packed with valuable insights, and we can’t wait to see our cohort again in October! Thanks so much to our amazing speakers who made this a valuable workshop! #offshorewind #cleanenergy #renewable #windpower #NYC #sustainableenergy #innovation #technology #startup

Founders and finance teams, do you want to keep a finger on the pulse of your company’s health? A structured month-end close process is your answer. 📊 It provides crucial insights into your runway, revenue trends, and much more. However, without the right approach, it can feel overwhelming. Here are some practical steps to streamline and enhance the accuracy of your month-end close: 1️⃣ Create a step-by-step guide for your team to follow. 2️⃣ Keep everyone on the same page with a detailed, accessible checklist. 3️⃣ Efficiency is key—establish clear deadlines to ensure timely completion. 4️⃣ Equip your team with the knowledge and tools they need for success. 5️⃣ Ensure accuracy with regular reviews and AI-powered analytics. Ready to optimize your month-end close? Read More: https://bit.ly/3YTBMMT Let’s talk about how our team can help! 💼 #TechCFO #FinanceTips #MonthEndClose #AccountingSolutions #FinancialHealth #ShayCPA #cpafirm #techaccountants #startupaccountants #techstartup #techcompany

🌟 Recapping Day 3 of Shay CPA's annual company retreat 🌟 After two days of deep learning and collaboration, we decided it was time to take the energy outside of the office and enjoy the vibrant community around us. Our day began with a food crawl at Tangram Mall in Queens. 🍜 From savory bites to sweet treats, every stop was a chance to share experiences and bond over our favorite flavors. But the fun didn’t stop there! We headed over to Flushing Meadows Park, where we soaked up the sun and shared plenty of laughs. To top it all off, we headed to CitiField Stadium to cheer on the Mets as they clinched a win against the Atlanta Braves! ⚾️🎉 It was a day filled with great food, team bonding, and unforgettable memories. This retreat has been more than just a few days away—it’s been a time to strengthen our bonds, refresh our minds, and remind ourselves why we love working together. As we look ahead, we’re more energized than ever and already counting down the days until next year’s retreat! #TeamBonding #CompanyRetreat #ShayCPA #WorkHardPlayHard #cpafirm #techaccountants #startupaccountants #techstartup #techcompany