Magazine article The CPA Journal

It's Amazing What CPAs Can Do: How Technology Drives Entrepreneurship

Magazine article The CPA Journal

It's Amazing What CPAs Can Do: How Technology Drives Entrepreneurship

Article excerpt

I was born in London, England, to parents of Indian descent and grew up in a single-parent household most of my childhood. My mother had the opportunity to emigrate to the United States, and we moved to Queens when I was 16.

My career in accounting started at an independent bookstore, which surprisingly is still there to this day. I started as a bookkeeper using a DOS-based accounting system. It was a great learning experience in understanding the basics of bookkeeping, bill paying, and payroll. I worked during the day and went to school at night, studying accounting at Bamch College. I moved to a small firm with two partners (Irvings Roth & Rubin PLLC) and was exposed to assurance, tax, and advisory services. I spent five years at the firm, going from an intern to a full-time position as staff accountant. That experience provided a solid foundation of the accounting field that helped me pass the CPA exam. The firm, and in particular the managing partner, Ira Rubin, gave me a lot of flexibility when I was studying for the exam. Over the course of 12 months, I passed each part of the exam on my first attempt. I experienced burnout working in public accounting for five years, however, and moved to the accounting operations department at PBS station Thirteen in New York City, to get exposure to a larger organization.

The Smartphone Generation

The ascension of smartphone technology created a surge in entrepreneurship. Seeing an opportunity, I started doing part-time tax compliance work for technology startups exploiting this lucrative area. I soon realized my passion was to mn my own business, and with the support of my family-in particular my wife Louiza-I made the leap into entrepreneurship. Today, my firm, Shay CPA P.C., helps many smartphone entrepreneurs with their tax compliance and also acts as a virtual controller. The firm engages CPA-track students from Bamch College and St. John's University to work with us part-time, providing a steady growth of employees. These young accounting majors are able to get hands-on experience, and I've learned lot about managing a next-gen workforce and keeping them motivated as they juggle multiple priorities.

The NYSSCPA has also recognized the importance of the tech industry. …

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