Technology

Our Technology Industry Group services clients in software development, electronic manufacturing, telecommunications, clean and green technology, and other related areas.  Working with this diverse range of clients we have found that financial leadership at an early stage is the foundation for successful and sustained growth.

Our Services

  • Assistance in establishing an appropriate business and capital structure
  • Financial statement audits, review and compilations under Canadian and US accounting standards, as well as International Financial Reporting Standards (IFRS)
  • Assistance with SR&ED investment tax credit claims and related tax planning
  • BC Interactive Digital Media (BCIDM) tax credit claim assistance
  • Advice and consulting on the design of stock-based compensation, stock options and employee share ownership plans
  • Assistance with accounting for revenue recognition, preferred shares, stock-based compensation and other items
  • Assistance with the regulatory requirements and financial reporting considerations of going public
  • Financial due diligence for the purchase or sale of a business
  • HST compliance

Our Recent Projects

Some recent examples of how we added value for our clients:

  • Purchase of a Metro Vancouver disk technology company by a client
  • Sale of software owned by Canadian subsidiary of a US-based client
  • Assisted iphone application start-up company with its capital structure taking into account founders, key employees and Angel investor
  • Corporate reorganization for a Canada – US cross-border business
  • Representation for SR&ED audit by Canada Revenue Agency
  • Stock-based compensation planning for senior executives
  • Assistance with cross-border transfer pricing audit
  • Identification of SR&ED eligible projects
  • BCIDM tax credit claim assistance
  • Preparation of treaty-based Canadian tax return for US limited liability company with complex ownership structure
  • Assistance with incorporation and transfer of start-up business and intellectual property financed using crowdfunding

Industry Involvement

We are proud to be a part of some of the most significant associations in the industry.  Attending events, networking with other technology industry professionals and presenting seminars are some of the ways we strengthen our connections with the industry.  We actively participate in the following associations:

  • BC Technology Industry Association (BCTIA)
  • Vancouver Enterprise Forum (VEF)
  • New Ventures BC (NVBC)
  • Digital Media and Wireless Association of BC (DigiBC)

Well Connected. Well Serviced.

We understand that technology companies require responsive financial advisors who can connect them with complementary professional services.

Through our association with PKF, we are networked with over 245 accounting firms in every major market around the world.  We also have in-house specialists with in-depth knowledge of cross-border taxation issues and a close working relationship with US and international tax specialists at our PKF affiliates.  This means seamless access to accounting, financial reporting and tax expertise in international markets.

Presentation & Publications

10 Things Every C-Level Executive Should Be Thinking About, Herve Leong-Chung and Shiv Nat

SR&ED Tax Credit Update, Steven Joe

Stock-Based Compensation – Don’t Shoot the Messenger!, Tom Morton

Panel – Technology Industry Financing Strategies, Bill Macaulay

Contact Us

Bill Macaulay, Partner, bmacaulay@smytheratcliffe.com
Herve Leong-Chung, Partner, hleongchung@smytheratcliffe.com
Perry Munton, Partner, munton@smytheratcliffe.com