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Technology sector

Against the backdrop of the Coronavirus pandemic, technology has never been important and is undoubtedly a crucial element in finding our way to a new normal. The UK has a thriving technology sector, attracting investment from all over the world, and this has continued despite the challenges that have arisen during 2020.

Many businesses are looking to technology to help them to better compete in a different and challenging market, bringing opportunities to developers as well as established businesses.

However, challenges remain in sourcing investment, particularly:

  • bridge funding for early-stage businesses
  • ramping-up sales pipelines against a backdrop of uncertainty and
  • finding new ways to reach potential customers.

We work with the full range of technology companies, from start-ups to established internationals. We understand the challenges of raising money and have worked with our clients to manage immediate cash-flow issues as well as developing their growth plans as they look forward.

How we can help you

Our support covers a range of services, drawing upon a team with a great depth of experience, including:

  • Tax Structuring: We can advise you on structuring investment so that relevant reliefs, such as the Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS), are taken advantage of. We can also prepare the subsequent filings.
  • Incentive planning: Our tax team can work with you on management incentive schemes, including valuations for HM Revenue & Customs (HMRC), advice on the tax consequences of different structures and share option reporting.
  • R&D claims: We work with our clients to identify their relevant research and development (R&D) expenditure and prepare their claims for tax credits to submit to HMRC.
  • Outsourced accounting: Our in-house management accounts team can carry out monthly bookkeeping services, payroll, VAT returns and a range of other support services to help with your ongoing compliance and deliver effective management information. Through our association with BKR International, our team can help you as you expand overseas or move into the UK.
  • Year-end compliance: Our teams prepare year-end financial statements and Corporation Tax returns. We can also audit your financial statements as well, where appropriate.

Would you like to know more?

We work with the full range of technology companies, from start-ups to established internationals. We understand the challenges of raising money and have worked with our clients to manage immediate cash-flow issues as well as developing their growth plans as they look forward.

Our experts

Our Insights

26 July 2021

Self’s assessment: taxing smartphones

Heather Self reviews the reason why taxing smartphones to fund the arts might not be such a good call.

05 July 2021

Getting your ducks in a row: due diligence for start-ups and scale-ups

Lucy Graham from our Technology team looks at due diligence and what you need to consider when carrying out due diligence for your business.

25 June 2021

How the technology sector can incentivise employees post-COVID

Corporate Tax Director Robert Harness examines various reward and incentive opportunities available to those working in the technology sector.

Client stories

Providing specialist advice to a new Venture Capital firm

International electronic payments gateway

We work with technology businesses all the way from start up to exit. The sector is changing and growing rapidly and we are helping our clients achieve their financial objectives.
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