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    Emerging Technology FAQs

    Schneider Downs takes great pride in answering relevant questions surrounding startup and mature emerging technology companies.

    Startup Companies  |  Mature Companies  

    Startup Companies

    Yes. If your company engages in research in development activities, which many technology-focused startups do, you may qualify for a research and development (R&D) tax credit.

    Tax Benefits Article

    Yes. Early-stage companies, which generate less than $5M in gross receipts, may qualify to use their R&D tax credit to offset payroll taxes irrespective of their profit or loss.

    R&D Article

    • Your company can outsource accounting services including but not limited to:
      • Outsourced CFO and controller services
      • Full source of accounting functions which can include bookkeeping, month end close assistance and reporting and more
      • Budget analysis and projections
      • Valuation services 

    A best practice is to have a valuation done when equity is issued to employees and when there is a large capital raise.

    Valuation Article

    About Schneider Downs Technology Advisors

    Our consultants combine practical business experience with up-to-date technical options to implement cost-effective solutions for our clients. Our association with industry-leading technology companies provides our clients with the latest industry-specific, low-risk and proven solutions. Through vendor certification programs, advanced education and industry conferences, our consultants are trained and certified on the latest products and services. Our consultants bring a variety of experiences, technical knowledge and industry certifications to our clients, providing an ongoing and effective partnership.

    Learn more at incubator.tanxiqiao.net/adapt or contact us to get started today.

    There are a lot of systems that emerging technology clients use. One software that should be implemented is an equity management system to house all equity agreements, maintain vesting schedules and calculate compensation expense.

    Mature Companies

    We get this question a lot from early-stage companies or we hear from owners that their plan is to exit via IPO. The reality is that very few early-stage companies go through an IPO as their initial exit. In a lot of cases, a more compelling exit presents itself prior to the opportunity to do an IPO. However, if you are considering an IPO there are a lot of complex, costly and time consuming, regulatory, reporting and legal requirements that must be considered prior to going this route.

    IPO Article

    Unfiled sales tax returns and unknown sales tax liabilities.

    Schneider Downs’ Accounting Advisory group can assist an organization with any accounting issues, such as:

    • Equity accounting for stock options, stock warrants, stock appreciation rights, profit interests, debt vs equity considerations, or convertible debt
    • Revenue recognition under ASC 606
    • Capitalized software cost accounting
    • Lease accounting under ASC 842
    • Valuation of intangible assets

    Accounting Advisory Services Article

    Schneider Downs offers three types of assurance services: compilations, reviews, and audits.

    • A compilation involves organizing client data into a financial statement format but does not offer any sort of assurance.
    • A review involves limited assurance that the financial statements are free from material misstatements and involves inquiry and analysis. 
    • An audit is the highest level of assurance service we provide. In an audit engagement, we obtain evidence through testing and inquiry to provide reasonable assurance that the financial statements are free from material misstatement.

    Compilation, Review, and Audit Article

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    About Schneider Downs Emerging Technology Services 

    Schneider Downs understands the ever-changing landscape and business challenges facing companies focused on emerging technologies and software. Our clients represent a wide range of organizations, from emerging growth companies to large mature companies, and we are well-versed in the unique challenges they face. Our team of seasoned professionals has experience working with emerging technology companies in all phases of their evolution.  

    To learn more, visit our Emerging Technology page.

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    Office Locations

    Pittsburgh

    One PPG Place,
    Suite 1700
    Pittsburgh, PA 15222

    p:
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    f:
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    Columbus

    65 East State Street,
    Suite 2000
    Columbus, OH 43215

    p:
    614.621.4060
    f:
    614.621.4062
    Metropolitan Washington

    1660 International Drive,
    Suite 600
    McLean, VA 22102

    p:
    571.380.9003

    Links

    Inside Public Accounting Best of the Best 2024
    Accounting Today Top 100 2024
    Accounting Today Regional Leaders
    Best Of Accounting Diamond Award

    Schneider Downs is a Top 60 independent Certified Public Accounting (CPA) firm providing accounting, tax, audit and business advisory services to public and private companies, not-for-profit organizations and global companies. We also offer Internal Audit; Technology Consulting; Software Solutions; Personal Financial Services; Retirement Plan Solutions and Corporate Finance Services. Schneider Downs is the 13th largest accounting firm in the Mid-Atlantic region and serves individuals and companies in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), and additional states in the United States with offices in Pittsburgh, PA, Columbus, OH, and McLean, VA.

    © 2024 Schneider Downs & Co., Inc. Maryland license number 35239.

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