Chuck Sockett is the partner of UHY LLP, and the managing director of UHY Advisors, NY INC. Mr. Sockett has more than 30 years of professional experience in domestic tax and consults on a wide range of corporate tax issues with clients in a variety of industries including manufacturing & distribution, technology and financial services. Additionally, Mr. Sockett helps clients meet their complex tax planning and compliance needs, involving issues related to domestic and international transactions. He is a member in the American Institute of CPAs and the New York State Society of CPAs.

Entrepreneurial Accounting

To improve entrepreneurial outcomes and hold innovators accountable, entrepreneurs should focus on several aspects:

a. Post Incubator Structure: discuss the various operating structures available; tax implications in connection with each structure; limitations on use of certain structures

b. Attracting and Retaining quality Employees: discuss various incentive options available; tax consequences; implementing incentive plans

c. Research and Development Tax Credit : discuss credit and expenses; how to maximize the R&D credit; carry forwards