Software and technology companies operate in a rapidly changing environment, addressing such issues as domestic and global expansion, new product development, ongoing funding requirements, revenue recognition, and managing software development costs.

Baker Tilly’s software and technology team helps privately held, public, and private equity-owned software and technology companies to address these issues strategically and profitably.

Our software and technology team offers a depth of knowledge and industry expertise to help companies meet financial reporting requirements, address tax opportunities, help manage vendor and carrier relationships, provide guidance related to entity structures and the impact of agreements and business transactions on tax liabilities, and review alternative business transition strategies. We have worked with companies and their investors throughout all stages of business growth, from start-ups to established companies – offering actionable ideas and recommendations that add value to our clients. 

Our work includes helping companies develop sound accounting and financial reporting practices that allow them to demonstrate strength and stability to customers, investors, lenders, and merger candidates. We also assist companies in complying with the myriad of federal and state income tax rules including state nexus studies and transaction support to minimize tax burdens. Additionally, we have helped companies accelerate their revenue growth, whether through developing effective exit strategies, evaluating acquisition alternatives, or analyzing new market opportunities. 

Capitalization of software development costs

Capitalization of software development costs

In the United States, Accounting Standards Codifications 985 provides guidelines for accounting for the costs of software intended to be sold, leased, or otherwise marketed. These guidelines allow software companies to capitalize certain new product or product enhancement development costs.

What should software companies consider? >
Healthcare technology consulting company leverages Baker Tilly partnership to aid in rapid growth

Healthcare technology consulting company leverages Baker Tilly partnership to aid in rapid growth

Bluetree Network leverages Baker Tilly's audit, tax, and state and local tax services as they continue to grow.

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Our Take

image of Rachel D. Polson

“In the same way software and technology companies integrate many components and enhance their products with the latest innovations to provide reliable solutions to their clients, the Baker Tilly team works with our clients to evaluate their external and internal environments and tailor our services to fit those needs.”

— Rachel D. Polson Partner, CPA