Facing long product development cycles, heavy industry regulation, and a high cost of capital, life science companies need to make efficient use of investor capital, maximize their tax benefits and build the business systems needed to best position the business to go public. J.H. Cohn provides the audit, accounting, and business consulting services to help clients achieve these goals. Our Technology Industry Practice:
- Provides high quality attest services with in-depth knowledge of such issues as intellectual property valuations and revenue recognition so technology companies receive the financial statement package they need to secure financing.
- Minimizes the tax burden through proactive tax planning tailored for technology companies and a staunch reputation for defending client tax positions by:
- Applying appropriate credits and deductions such as R&D tax credits and the Sec. 199 deductions
- Initiating cost-segregation studies to accelerate depreciation where applicable
- Helping to maintain compliance on state and local taxes to avoid penalties as states get more aggressive in capturing tax revenues
- Offers international tax services, including advice on the tax implications of strategic sourcing and distribution models, identifying transfer pricing risks, and complying with documentation requirements
- Offers access to to international providers of audit, tax, and business consulting services with expertise in serving the technology industry
- Allows management to focus on what they do best by helping to address the unique needs of entrepreneurial and growth stage companies, including providing guidance on:
- benefits planning
- bookkeeping and account preparation services
- business structuring
- cash flow management
- Financing (debt vs. equity, use of share-based remuneration)
- SAS 70 examinations
- strategic planning
- technology implementation (vendor selection, software implementation)
- Creates lean management programs to assist clients in eliminating waste, driving efficiencies and improving profitability
- Builds management dashboards to help clients improve the accuracy and timeliness of strategic decision-making