CONTACT INFORMATION:

Manhattan Location

225 W35th St, 5th FL New York, NY 10001
Phone:
(212) 736-0055

Stamford Location

350 Bedford St, Ste 303 Stamford, CT 06902

Phone: (203) 356-1061

Long Island Location

487 Jericho Turnpike, Syosset, NY 11791

Phone: (212) 736-0055

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Accounting for Technology

ACCOUNTING and advisory for technology

In the small business world, technology businesses encompass a diverse range of enterprises that focus on creating, distributing, or providing technology-based goods and services. These businesses play a crucial role in our modern economy. 



At Presti & Naegele, we provide accounting and advisory services to technology companies ranging from Cybersecurity and IT consulting, Health Tech and Telemedicine, Educational Technology, Digital Marketing and Social Services to Ecommerce and Online Retail, Electronics Manufacturing, Software Development plus many more. 

The reality is that technology companies that react to rather than create change are trailing their competition.

COMMON RECOMMENDATIONS FOR TECHNOLOGY SERVICES

Cybersecurity and IT Consulting


  • Deductible expenses related to cybersecurity tools, software licenses, and training.
  • Consideration of capital expenses (e.g., purchasing servers or hardware).
  • Understanding tax credits for research and development (R&D) in cybersecurity.
  • Navigating international tax implications if serving clients globally.


Health Tech and Telemedicine


  • Eligibility for tax credits related to healthcare innovation.
  • Compliance with healthcare regulations and privacy laws (e.g., HIPAA).
  • Tax treatment of revenue from virtual consultations and health app subscriptions.
  • Potential tax incentives for promoting telemedicine in underserved areas.


EdTech (Educational Technology)


  • Understanding tax deductions for educational content creation and platform development.
  • Eligibility for education-related tax credits.
  • Navigating sales tax implications for online courses and subscriptions.
  • Compliance with student data privacy laws (e.g., FERPA).


Digital Marketing and Social Services

  • Deductibility of advertising expenses (e.g., Facebook ads, Google Ads).
  • Tax treatment of revenue from social media management services.
  • Understanding sales tax obligations for digital products and services.
  • Potential tax credits for promoting local businesses through digital marketing.


E-Commerce and Online Retail


  • Sales tax compliance for online sales (nexus rules, state-specific requirements).
  • Inventory management and cost of goods sold (COGS) calculations.
  • Eligibility for tax credits related to job creation or investment in certain areas.
  • Understanding international tax implications for cross-border sales.


Electronics Manufacturing


  • Depreciation and capital allowances for manufacturing equipment.
  • Navigating customs duties and import/export taxes for components and finished products.
  • Understanding transfer pricing rules if operating globally.
  • Tax incentives for green manufacturing practices.


Software Development



  • R&D tax credits for software innovation and development.
  • Treatment of software licensing revenue (e.g., subscription models).
  • Navigating intellectual property (IP) tax implications.
  • Understanding the tax treatment of software as a service (SaaS) offerings.


TRANSFORM YOUR TECH VENTURES WITH PRESTI & NAEGELE'S EXPERTISE

Elevate your success - Schedule a consultation today and unlock the full potential of your technological innovations.

CONTACT US
Presti & Naegele Accounting Offices

For inquiries or expert guidance, contact Presti & Naegele Accounting Offices. Your success awaits!

Technology - Website Form

Presti & Naegele Accounting Offices

CLIENT REVIEWS

WHAT OUR CLIENTS ARE SAYING


Bryan M.

HAPPY CLIENT

Brian and P&N's professional, personable and prompt team makes accounting and tax matters fun and streamlined. They're been helping me and my staff with personal and business tax filings for more than 5 years. A+

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We welcome the opportunity to understand your financial needs and tailor solutions for success. Join our distinguished clientele who have experienced the excellence of our services. Let's embark on a journey toward financial prosperity together.

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