Private Financial Markets: The Road to Next

What’s next for the red-hot enterprise software expansion-stage ecosystem, remote workforce surge, and resulting tax implications

Ongoing record-setting investment, fueled by the pandemic, continues to lift all boats in the technology sector, but none more than the B2B enterprise software niche. By midyear 2021, expansion-stage deal value set a new record of $21.7 billion.

Where Taxes Are Headed in the Digital Economy

In this edition of Road to Next, we explore the impact of digital transformation on enterprise software. How has it accelerated investment and what are the resulting tax implications? Among other impacts, indirect taxes targeting the digital economy have grown in popularity, with digital service policies and taxes disproportionately affecting B2B software providers.

Remote Workforce Surge Adds More Fuel to the Fire

We also chronicle the dramatic rise of hybrid and fully remote workforces and their effect on enterprise software adoption to manage fairness, risk, and resulting tax complexity. One result: even greater growth and investment in enterprise software.

At the expansion stage, questions around indirect taxes and potential tax exposure become even more pressing.

–Gordon Perl, National and Silicon Valley, Tax Leader for Emerging Growth Practice