Technology
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NBAC industry expertise |
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Technology today is revolutionizing the way people conduct themselves socially and in business.
Smaller companies take full advantage of globalization, outsourcing and advances in technology. This leads to increasing role of tax planning and compliance in a business model of these companies.
Considering the size of the industry, it's growth rate around the globe, and cross-border nature of the business, it becomes evident that proper accounting standards, valuation methods, transfer pricing considerations and corporate structuring represent a vital part of strategic business planning.
The U.S. is the world leader in information and communications technology (ICT) products and services, representing almost 30% of global spending. Over 60% of largest 100 software companies in the world are U.S.- based.
Greater Washington has become a hub for business, science and technological innovation and is the prime location for firms seeking to provide goods and services to the federal government. For 13 consecutive years, the Greater Washington region has the largest number of fastest-growing private companies in America, according to Inc. Magazine. This year, the region had 48 area companies on the 2012 Inc. 500 list. Over 1000 foreign-owned firms from over 50 countries found their home in the area.

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