Working in the high-technology industry is more exciting—and more challenging—than ever. Advances in research, expanded opportunities for funding, increased competition, and an international landscape provide a complex framework in which to capitalize on your vision. We can help you navigate the financial complexities of your business so that you have more time to focus on your big-picture goals and ideas.
We serve as a tax adviser and consultant to successful high-technology businesses in New York State and beyond. We have extensive experience assisting clients in the life sciences, clean energy, advanced manufacturing, and software/hardware sectors. No matter the stage of your high-technology business, we can help—from deciding on an entity structure to evaluating business plans, securing financing, and negotiating purchases or sales of business interests. Within the past three years, we have assisted clients with a combined exit value of more than $1.1 billion.
Our talented and knowledgeable team can support your company at every stage in its development, including assistance with:
- Research and Development (R&D)
- Qualified Emerging Technology Company (QETC)
- Investor Tax Credits
Other Tax Considerations:
- Qualified Small Business Stock (QSBS)
- Equity Compensation
- Section 382 Net Operating Loss Limitation
- Capital Expenditures
- International Business Considerations
- Outsourced Finance & Accounting Services
- Entity Structuring
- Mergers & Acquisitions
- Due Diligence
- Federal Grants and DCAA Audit Procedures
- Revenue Recognition under GAAP
- Venture Capital
- University and Government Grants
- Traditional Bank Financing
- Alternative Financing
Local Presence, Global Reach
Located in the Finger Lakes region of New York State, we have excellent working relationships with the local financial and legal communities as well as the economic development agencies. Additionally, we are highly involved in the local startup scene, partnering with startup incubators such as Rev Ithaca and Cornell University’s McGovern Center as well as venture networks such as Upstate Capital Association of New York and Upstate Venture Connect.
While we are well integrated into the regional high-technology industry, our reach expands across the nation and around the world. Our full-service firm boasts an expert International Tax Group that often works within the high-technology industry, helping businesses expand overseas.
Whether you are just getting your high-technology business off the ground or you are managing a well-established company, our team can help you manage the financial aspects of your business in a way that caters to your own specific needs.
Read our High Technology blogs:
Section 382 of the Tax Code is applicable to a loss corporation, defined as a corporation that has accumulated net operating losses. Many start-up companies in high-tech industries incur substantial research and development expenses and remain unprofitable for...
The Tax Cuts and Jobs Act (TCJA) passed in December of 2017 made a significant change to the treatment of specified research and experimental expenditures (SRE) covered by Sec. 174. Effective for tax years beginning after December 31, 2021, Section 13206 of the TCJA...
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...
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...
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...
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...
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...
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....
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...
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...