It may seem trite, but there really are few sayings more true about today’s technological landscape than “it changes in the blink of an eye.” What else can be said about an industry that exists to create? However, just as the industry changes, so do the financial concerns of its members. Ripe with ideas and full of energy, technology is an exciting, competitive industry with a very specific set of accounting and compliance issues. DZH Phillips creates timely and effective solutions for clients in the fields of biotechnology and medical devices, green technology, and software. We focus on equity accounting, revenue recognition, venture capital and funding, and credits and incentives—the financial strategies you need to keep your company moving forward.
One of the major challenges to businesses in the biotech and medical devices industry is raising sufficient capital to support innovative research and effective marketing. DZH Phillips helps these companies explore the possibilities of venture capital, including an understanding of what potential investors expect to see both before and after an investment has been made. We assist with management reporting, board of director decks, financial statements, and internal control. Additionally, we support companies in the biotech industry to navigate regulations and optimize tax and accounting strategies.
Green technology is one of the fastest growing sectors in the technology industry. It encompasses a wide variety of products, techniques, and materials focused on the basic goals of sustainability, source reduction, innovation, and economic viability. The green tech industry includes energy, construction, environmentally preferred purchasing, chemistry, and nanotechnology. While it’s hard not to be excited about the possibilities arising from green tech, business owners in this emerging field are in need of practical guidance to help them secure funding and maintain profitability. DZH Phillips helps green tech clients with venture capital and funding needs, and provides expert direction with respect to revenue recognition and equity accounting. Look to us for a partner who can make sure your accounting and tax guidance keeps pace with the rest of your company.
Software companies focus on the products that virtually run our modern society—everything from your home office to the local bank to the federal government relies on software to keep its daily operations from crashing to a halt. From essential programs that drive the workplace to video games, smart phones, and the thousands of apps that have taken the world by storm, the constantly evolving realm of software companies pursues the next, best, most useful, and attractive version of a product and brings it to market almost overnight. With so much changing in the industry, and so much to focus on creatively, software firms need the guidance of a professional CPA to assist with equity accounting, revenue recognition, and tax compliance. DZH Phillips maintains a portfolio of software industry clients who looks to us to understand the capitalization table, forms of investment, accounting and valuation issues, venture capital and funding opportunities, and tax credits and incentives for research and development.