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Industry Specialty - High Tech
Typical
Client
- Usually in the early start-up phase.
- Founders of these companies are usually scientists,
researchers or web developers.
- They want to spend their resources on product
development and establishing sales channel.
- They want to spend very limited resources on finance
and administration.
- They may need to seek angel funding, seed money or
venture funding.
- They may require to publish periodic financial
reports to outside investors.
Hot issues
- Choice of business entities - This has tax impact on
income generated by these professionals. Each case might be slightly
different but whether they should carry on business as a proprietor,
partnership or corporation.
- What is the burn rate?
- Revenue per headcount?
- Do you have a sound business plan and financial
model?
Services
In order to address the needs of our clients in this
field, these are some of the services that we offer to them:
- Prepare business plan and financial modeling.
- Setting up or reviewing financial infrastructure to
make sure that the clients have enough controls and procedures in place for
proper recording of transactions
- Our Remote Review
service usually fits well with clients who just starts their practices or
have an in-house bookkeeper to handle the daily transactions.
- Our Controller Service
is ideal for those who have a few professionals and we can take care of all
the books and records including billing and collection. In this case,
usually the professionals are more interested in spending their time to grow
their practice and they want to leave the books and records to someone like
us that they can trust.
- Our CFO Service is suitable
for clients who are already using our Controller
Service or have in-house bookkeeper and seek more advanced financial
modeling, strategic planning and budgeting.
We also offer
other outsourcing service like human resources outsourcing, stock
administration and etc.
On selected occasions, we also help clients to locate
funding.
Check with the IRS
audit guide for the high tech industries.
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