The fast-paced field of technology changes more than just its industry; it changes the world around it. Tech companies know they need to do more than just manage current trends, they need to anticipate future shifts as well. As business advisors working with all stages of technology companies, from startups and emerging growth to large, tech companies, we understand that the pressures faced in today’s economic environment are constant.
From providing resources and contacts to assist you with funding to supplying guidance on the ever-changing regulatory requirements to leading you through an IPO and everything in between, Withum’s Technology and Emerging Growth Services Team is ready to work alongside you and your company. As your trusted advisors, we provide you the rare chance to take a back seat on all things audit, tax and advisory, regardless of where you are in your lifecycle, and allow you to focus on growing your business.
Technology and Emerging Growth Industry Challenges and Trends
With the amount of protected personal information (PPI) and valuable company data on technology devices across an organization, the amount of cyber threats is just as great. Ensuring your company and customer data is safe is vital to the long-term health of your business.
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Disruption occurs as a result of an unexpected pivot, which often is a product of intense research and development (R&D). Your industry is full of experimenting with new ideas. Companies with certain R&D activities can reduce their payroll tax liability by qualifying for the R&D tax credit.
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In a world of privacy concerns, set your company apart from the competition by getting a SOC report. Each report acts as assurance for customers and business partners that you have taken the proactive steps to safeguard data, be it financial or third-party.
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QSBS, sometimes called founder’s stock, is one of the ways entrepreneurs are rewarded for their hard work and dedication in getting a company up and running. Discover the full range of benefits you’re entitled to as well as how best to incorporate your stock options into your personal financial goals.
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Year-End Dates That May Affect Your Company
View our guide for a list of relevant due dates that startup and emerging growth companies should be aware of. While this is not meant to be a comprehensive list of all due dates, it will help keep you on top of the important filings to consider.
Technology and Emerging Growth Accounting and Advisory Services
In addition to providing traditional accounting services like audit, tax and advisory, our team of industry specialists can provide technology companies with expert insight on:
- Start-up capabilities
- Assistance with funding sources, including venture capital, traditional financing, private placements, etc.
- Equity structure
- IPO and SEC services
- Revenue recognition issues
- Accounting and tax department of R&D
- R&D credit counseling
- Corporate and sales tax nexus issues
- Transfer pricing issues
- Systems and procedures implementation
- Financial forecasts and budgets
- Royalty compliance
- Stock-based compensation
Why Withum’s Technology and Emerging Growth Services Team
From start-up phase to established companies, Withum’s Technology and Emerging Growth Services Team helps businesses just like yours conquer it all. We bring more than just years of accounting, tax, and advisory experience in the technology field, but add an unparalleled drive to work alongside you as a strategic partner to achieve your vision, keeping you on the forefront of the issues, incentives and regulations you need to know.
Your situation, just like your company, is unique, which is why Withum offers technology advisory services specific to your needs, in addition to traditional accounting and assurance services. Whether it’s getting prepared for your SOC 1 or 2 certifications, addressing transfer pricing issues, or seeking R&D credits for your breakthroughs, we have helped find solutions for technology companies with diverse perspectives: software developers, resellers, systems/network integration firms, e-business companies, technology manufacturers and interactive media and service providers.
Women in Tech
Withum’s Women in Tech Group’s focus is on empowering women in the technology industry. Since the inception of the group, they have facilitated meaningful discussions on the challenges faced by women in tech and the business complexities affecting female executives and entrepreneurs. Members of the group actively support and uplift other women, engaging in strategic conversations about topics such as raising capital as a woman in technology, optimal timing for hiring advisors and preparing for exit strategies. Through collaborations with female-focused accelerators and pitch competitions, Withum has extended its support to organizations sharing similar goals.
Testimonials
The folks at Withum are thorough, smart, helpful, and fair. I am in my third consecutive company working with Withum, and given the choice, I would choose them for a fourth time.
Withum and Teachable have been working together for a relatively short time, but a solid relationship has been built to prepare Teachable for getting to that next level of growth whether it be a new funding round or even an IPO. Their audit and tax professionals always make themselves available for any question that comes up with solid research to support the answer.
I’ve been very impressed with the quality of services offered by Withum at all experience levels and practice areas of the firm. They understand our company, its stakeholders and the high growth technology space as a whole; their team is great to work with, they have given us excellent service and have had a positive impact on our business.
Contact Us
For more information or to discuss your business needs, please connect with a member of our team.
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