Aug 2, 2023 | Firm Updates, High Technology
The revenue recognition standard, ASC 606, applies to all industries; however, there are certain unique items to consider when accounting for software and software-as-a-service (SaaS) contracts under these rules. Two important terms to understand before determining...
Feb 1, 2022 | Firm Updates, High Technology
Research & Development Credit The research and development (R&D) credit is a federal tax credit available to U.S. companies for increasing research activities. The research must be undertaken for discovering information that is technological in nature, and its...
Apr 2, 2021 | Firm Updates, High Technology
There are several credits available to high technology companies located in New York State, many of which are directed to companies that incur research and development expenses. The most readily available tax credit for NYS companies performing R&D activities is...
Jan 27, 2020 | Firm Updates, High Technology
Stock options are an increasingly popular incentive offered to employees of tech start-ups. They are a way to reward employees for their contributions and motivate them to invest themselves in the company’s success and growth. If you are considering offering stock...
Nov 18, 2019 | Firm Updates, High Technology
Effective December 16, 2018, all private companies that report under U.S. GAAP are subject to the new revenue recognition guidance under Accounting Standards Codification (ASC) 606. The new standard requires companies to follow a 5-step approach that involves...
Feb 4, 2019 | Firm Updates, High Technology
Finding a qualified controller or CFO is not always easy. Demand for professionals with the right skill set is high, making recruiting difficult. And as a start-up business, you may be growing fast, which makes keeping up with back-office demands more challenging....
