This sponsored post is produced by Avalara.
Join Avalara for this live event on Tuesday, September 30 at 11 am Pacific and 2 pm Eastern. Register here for free.
If there’s one thing certain when it comes to tech companies and taxes, it’s that nobody likes surprises regarding risk in their business or investments. This couldn’t be truer than in high-growth companies that are embarking on or are already deep in the process of a major expansion, approaching an IPO or acquisition, or evaluating some other exit strategy.
As companies achieve scale and expand internationally, there are many compliance-related issues that begin to hit the radar. Unfortunately, tax issues frequently aren’t addressed until there’s already a potential prior-period liability or the company hasn’t optimized its growth structure. These tax liabilities have historically impacted the valuation of companies.
Join Malcolm Ellerbe CPA, Jon Davies CPA and David Sordello CPA, Partners at Armanino, for a webinar that will help you avoid some of these costly missteps and determine whether your company or portfolio should pay attention to sales tax, if you have prior period exposure (and how to resolve it), and your best options going forward to shore up financials.
Here are the topics you can expect to learn more about:
- How to determine whether your company or portfolio should pay attention to sales tax: Fast growth technology companies, especially software-as-a-service and other cloud service providers, may be unaware of their growing prior period sales/use tax liabilities if they are not collecting in the more than 15 states currently taxing the cloud. Unfortunately, the company frequently is not aware until there is a liquidity event on the horizon, potentially affecting valuations. It may be time to “clean up the past” and automate ongoing compliance.
- International Tax for Expanding Tech Companies: Most growth stage technology companies have many choices to make about how and where to hire employees, optimize company structure, transfer pricing, VAT, compensation/stock options, cash repatriation, etc. Again, better to plan ahead than react to surprises.
- Other Tax Considerations: Growth-stage companies can increase their tax department’s efficiency, by streamlining their tax provision and compliance process, making the most of limited in-house resources. These companies also should know how much their Net Operating Losses are worth, the impact of stock compensation, and other issues that could affect company valuation.
This event is free — you can save your seat here!
Sponsored posts are content that has been produced by a company that is either paying for the post or has a business relationship with VentureBeat, and they’re always clearly marked. The content of news stories produced by our editorial team is never influenced by advertisers or sponsors in any way. For more information, contact sales@venturebeat.com.
