As the unquestionable leader in the technology industry for the foreseeable future, the United States will continue to lead in innovation of new products and further development of existing and recently developed products. Computer technology, software, networking and the internet will continue to change our everyday lives. Global markets will continue to develop and open up, particularly in third world economies as they become more affluent.
Supported by the most successful economic model in history – capitalism – US technology will have an unparalleled opportunity for growth, both domestically and internationally. Capitalization to facilitate and take advantage of growth opportunities, cost management, complex regulatory compliance, and strategic financial and tax structuring are critical to the success of every technology company regardless of size, or whether they are privately held or publicly traded.
While US tax laws are complex, being structured properly to take advantage of the opportunities they present is paramount. International operations provide other challenges and opportunities as well for those companies with a global market.
The complexity of financial accounting standards is evolving and changing to keep pace with regulatory requirements, business protocols, and lending reviews. Owners, management, and shareholders are more sophisticated and require complete, accurate, and timely information. For every accounting development, having resources to help them identify, interpret, and implement these standards, whether they be for internal or external reporting, is paramount.
Success is not accidental. It is most often the result of a well-designed, implemented and executed business plan. The professional advisors you retain must have a positive impact in their areas of influence.
Whether you're a fast growing startup or an established IT company, Excelsis Accounting Group can help. Give us a call at 775-332-4201 or request a consultation today.