Technology

Situated in and around Silicon Fen, we are surrounded by some of the most exciting and successful tech businesses in the world.

Areas in which start-up and established tech businesses typically require specialist assistance from us include:

Compliance Services

Outsourced Services

Advisory Services

  • Claiming R&D tax relief and/or R&D tax credits through completion and submission to HMRC of the annual company tax return,
  • Advising on establishing an EMI share option scheme for your key workers,
  • Adopting the most appropriate sector specific accounting policies (revenue recognition, recognising losses as a deferred tax asset, product development costs (CapEx v OpEx treatment) and other IP accounting, grant funding recognition),
  • Remuneration planning (tax efficient v commercial)
  • Trade sale exit planning,
  • Corporate finance on trade sale.

Technology is a sector with unique commercial, accountancy and tax requirements. Whether you are a tech start-up, or you have already taken your product to market, instruct us to act for you, and rest assured that we will understand your business and look after your best interests.

Whiting’s Technology Group e-Briefs:

  • Edition:  6  |  5  |  4  |  3  |  2  |  1

Whiting’s Tax Group “A Brief Guide to...” Publications:

SEIS Relief | EIS Relief Patent Box R&D Relief/Credits 

Client Review

In the years that you and your colleagues have acted as my accountants, a professional service has developed into a valued friendship and source of financial advice and guidance. In both service and professional terms, you have really gone the extra mile.



 
Latest Blogs in Technology
 
Ian Piper
24th November 2017 Autumn Budget 2017

What’s in it for Tech Companies? Philip Hammond’s second Budget had to steer a precarious path. Within the parameters of slowing UK growth, preparing for Brexit and a lack of spare money, he had to somehow end public sector austerity and continue reducing the deficit. Whilst trying to restore his own political reputation. Not an…

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Jeannette Hume
18th September 2017 R&D Tax Relief: HMRC publish take-up report.

R&D tax relief, to provide government subsidies to those companies that develop innovation products, services or systems, has been with us for 17 years now. The latest HMRC R&D tax relief take-up report, encouragingly, shows that the following recent improvements to the scheme have increased the amount of tax relief claimed by 22% over the…

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Ian Piper
7th September 2017 R&D Tax Relief: HMRC closes loophole.

Companies that are developing innovative new products, services or systems have long understood the generosity of the R&D tax relief rules. These give a notional 130% uplift to eligible costs in the company’s corporation tax computation. Such eligible costs include ‘employee costs’, which hitherto has included all ‘reimbursed expenses’. This has always seemed overly generous…

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Chris Kelly
5th September 2017 Whiting & Partners find a safe home for IT security firm

Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised an IT security company on its sale to a larger industry player.   The vendors had originally acquired the business via a Management Buy-Out a few years earlier and had significantly grown the business under their ownership. The company had reached…

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Jeannette Hume
5th June 2017 R&D Claims: Is HMRC advance assurance a good idea?

In a bid to give companies more certainty over whether or not their R&D claim will be successful, HMRC introduced an advance assurance process in November 2015. If you pass this new test, HMRC will agree not to enquire into your R&D claims for the first 3 accounting periods of claiming this relief. So is…

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Ian Piper
18th May 2017 General Election

General Election: Which manifesto helps TechCo’s ? With the 8 June general election fast approaching, directors of technology companies will be scanning the main manifestos to consider which party is potentially offering the most useful new policies for their business: Conservatives (link to 84 page manifesto) Running a balanced budget by the middle of the…

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