Hank Galligan

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BDO's 2025 Tech Predictions

Jan 8, 2025 | mondaq.com | Hank Galligan

After several years of rapid innovation in areas like 5Gconnectivity, artificial intelligence (AI), health tech, and more,2025 will be the year when these strides start to bear fruit andnew technology goes from potential to proven. As 2024 ends, techleaders will be preparing to meet new challenges and eager to claimnew opportunities brought about by next year's coming techtrends.
7 Technology Trend Predictions for 2025 and Beyond

Dec 4, 2024 | bdo.com | Hank Galligan

After several years of rapid innovation in areas like 5G connectivity, artificial intelligence (AI), health tech, and more, 2025 will be the year when these strides start to bear fruit and new technology goes from potential to proven. As 2024 ends, tech leaders will be preparing to meet new challenges and eager to claim new opportunities brought about by next year’s coming tech trends. 1. AI Becomes the New Battleground for Cyber Attackers vs.
Inside the Technology IPO Freeze and Beyond

Aug 23, 2024 | bdo.com | Hank Galligan |Jim Clayton

What Creating Value Today Could Mean for Tomorrow's ExitsAt the end of 2023, tech founders were optimistic that 2024 would be their year to IPO. Unfortunately, those hopes turned out to be premature — uncertainty around inflation, interest rate cuts, and the U.S. election have made for unfavorable market conditions. As a result, many companies chose to delay their planned IPOs — or consider other exits entirely.
4 Tax Technology Use Cases for Tech Companies

Aug 2, 2024 | bdo.com | Hank Galligan |Tyler Clark |Nick Skarlatos

How to Use Technology to Solve Common Tax ChallengesTech companies face a wide range of tax challenges. An inability to keep up with changing regulations, difficulties hiring and retaining talent, and difficulties scaling the tax function in the face of rapid growth put pressure on tax teams. To address those obstacles, tech companies are turning to tax technology.
Building Trust Should Be a Top Priority for Tech Companies — Here’s Why

Jul 23, 2024 | bdo.com | Hank Galligan

Technology underpins almost all daily life — but a lack of trust can cause that foundation to crumble. Customers need to trust the tech they use and the companies that make it — often leveraging their personal data in the process — to be safe, secure, and functional. Other tech stakeholders, like shareholders, clients, and regulators, need to rely on tech companies to be responsible, ethical, and resilient. At the same time, tech companies are handling more data than ever before.
The Tax Technology Implementation Guide

Jul 15, 2024 | bdo.com | Hank Galligan |Tyler Clark |Nick Skarlatos

Tax leaders’ roles are evolving, especially within tech companies. As tech tax leaders explore moving or expanding operations, they must consider key business decisions and comply with increasingly complex regulatory requirements. Further, tech companies tend to grow very rapidly, which means their tax departments must be able to quickly scale to meet the business’s evolving needs. A lack of resources makes it difficult for some tax functions to meet these growing expectations.
The Importance of Scaling Your Tax Technology

Jun 14, 2024 | bdo.com | Hank Galligan |Tyler Clark |Nick Skarlatos

The technology industry is facing a vast — and expanding — set of tax liabilities as its revenue and market share continue to grow. Tech companies are generating sales and providing services across both national and international jurisdictions, and remote or hybrid work arrangements have resulted in a distributed workforce, all of which can create tax obligations in numerous locations.
Top Six Private Equity Trends Impacting Tech Companies

Aug 30, 2023 | bdo.com | Hank Galligan |Jim Clayton

The second half of 2022 and the beginning of 2023 presented a thorny challenge for the tech industry as adverse market conditions slowed growth to a crawl, forcing tech companies to revisit their business models. At the same time, deal activity dropped due to declining valuations and financial uncertainty. What followed were months of cost reductions and layoffs as the tech industry struggled to kickstart growth and profitability. Fortunately, we seem to have turned a page.