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....
Nov 29, 2018 | Firm Updates, High Technology
The Tax Cuts and Jobs Act (TCJA) is the biggest change to the tax code since 1986. Many of the changes will significantly impact technology companies. The TCJA changed tax rates for all companies. It reduced the corporate tax rate to a flat 21% from the maximum 35% in...
Sep 24, 2018 | Firm Updates, High Technology
Many high-tech start-up businesses incur significant expenditures before they begin generating sales and become profitable. The time required to develop a successful product is often counted in years. As a result, a company may accumulate large net operating losses...
Jul 24, 2018 | Firm Updates, High Technology
If you are the owner of a start-up company, you may be exploring the possibility of applying for Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) funding. These programs for U.S. owned and operated businesses are among the largest...
Jun 7, 2018 | Firm Updates, High Technology, Small Business
If you are the founder of a start-up company, or have invested in one, you may have already heard about Qualified Small Business Stock (QSBS) and the gain exclusion available under IRS Code Section 1202. It has been a hot topic for investors and entrepreneurs for the...