SBIR Grant Accounting, Assurance & Tax Services
Life science incubators, coworking spaces, classroom labs… innovation often comes from humble beginnings. And thanks to small business innovation research (SBIR) grants, it can get the help it needs to grow.
If your startup is focused on technological innovation, SBIR grants can help you get to that next step in your company’s history. An initiative of the Small Business Administration (SBA), SBIR grants help fledgling companies in areas like agriculture, aeronautics, healthcare, defense and education—disciplines known for innovation and development. And sometimes, all it takes is a financial nudge to help spur that growth.
But how do you manage the accounting, reporting and tax planning for these crucial funds? SBIR grants have rules governing their use and documentation. That’s likely the last thing on your mind… which is why we’re here to help.
Please note: We are currently working exclusively with companies with Phase II grants and complex accounting situations.
We’ll do our work…so you can do yours.
Because SBIR grants don’t need to be repaid and the government doesn’t take an ownership stake in the product, they’re a great way for emerging companies like yours to fund growth. Yet they also require certain systems, policies and procedures to be in place so that funds and activities are managed correctly.
Employee hours need to be accurately tracked. Invoicing should document your incurred expenses to make sure you’re following SBIR rules. These and other needs require a solid accounting system to make sure everything is recorded and you stay in compliance.
Our technology company CPAs have worked extensively with these grants and know the SBIR grant accounting requirements. And here’s the best part—accounting services are covered by SBIR grants, so you don’t incur additional expense to get the expertise you require. It’s never been easier to get help with something so important to your company’s growth!
James Moore: Helping startup companies take their next step.
SBIR grant accounting, assurance and tax services for companies
with Phase II grants and significant complexity
Tax
An SBIR grant is considered operational revenue and must be treated as such on your tax return. Our SBIR grant-focused CPAs will make sure your grant proceeds are properly reported to ensure you don’t pay more tax than required.
Outsourced Accounting
From invoicing to keeping records of employee hours, you need a good accounting system to ensure proper document management and compliance with SBIR requirements.
Assurance
Your company or programs are required to have an audit once you have $750,000 or more in SBIR fund expenditures in a single year. Let us perform your audit or help with audit preparation.
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Stacy Joyner, CPA
Partner
A certified public accountant in Florida, Stacy has been providing extensive tax advisory and compliance services to a variety of businesses and individuals for over 15 years. The leader of the firm’s Accounting & Controllership Services department, her expertise lies in small business and tax accounting, with an emphasis on the healthcare and technology industries. Her knowledge of research credits and other tax-saving opportunities for her clients make her a key member of the Technology and Healthcare Services Teams.
Stacy’s client service approach includes not only her tax and accounting expertise, but also the value she creates through collaboration. A lifelong Gainesville resident, Stacy has deep roots in the business community – allowing her to help her clients make professional connections that can help them grow and thrive.
Stacy is seen as a leader and mentor at James Moore; she enjoys serving as a career advisor and helping staff achieve their career goals. She is passionate about continuing to strengthen and foster the strong family-feel culture found at James Moore. Outside of the firm, she serves as the treasurer for the Rex and Brody Foundation and is an alumnus of Leadership Gainesville 40.
Jeremy Wright, CPA
Partner
Jeremy’s work at James Moore includes audit and assurance services, due diligence support for mergers and acquisitions, cash flow forecasting, outsourced accounting services and more. As a partner, he also provides guidance to our accounting and assurance staff as an instructor and mentor.
Jeremy leads the Construction Service Team and is a member of the Healthcare Services Team at James Moore & Co. He is a member of several industry-specific associations including the Builders Association of North Central Florida (BANCF), the Construction Industry CPAs and Consultants (CICPAC), the Florida Surety Association, and StartupGNV (where he serves as Treasurer). He also regularly holds office hours at UF Innovate to help guide area startup businesses as they grow.
In addition to the areas mentioned above, Jeremy also serves multiple federally qualified health centers, condo/homeowner associations and other commercial entities.