Technology

In a world where we are constantly consumed by technology, there really is no element of our lives untouched by its impact.

The businesses behind this technological revolution have to maintain innovative ways to provide products and services to their customers and clients and we, being based in and around Silicon Fen, understand the challenges facing companies looking to grow and create this success.

We can offer support for your company including:

  • Research & development tax relief and tax credit claims
  • EMI share options
  • Obtaining EIS/SEIS tax status for equity investors
  • Tax efficient remuneration planning
  • Corporate finance advice (including exit planning and supporting the  trade sale process)
  • Outsourced payroll
  • Grants and funding advice (including grant audits)

 

Download our Technology leaflet below to discover more about our range of services

 

 

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
 
Jeannette Hume
30th November 2016 Preserving EIS Status

EIS:  Growth Shares and Preference. Abingdon Health Ltd v HMRC TC05525 This was an interesting case, and a warning for the unwary. The issue at stake was whether HMRC’s withdrawal of EIS relief as a result of a preference created by a new class of growth share was reasonable. The taxpayer company sought EIS relief in respect…

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Jeannette Hume
19th September 2016 Innovation State Funding

R&D Tax Relief: Claims rose by 38% in 2014-15. The latest data from HMRC indicates that there has been an increase in both the number of companies making R&D tax relief claims and also that companies are increasing their R&D spend. The fact that there are a significant number of companies making claims for the first time…

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Ian Piper
13th July 2016 Accounting Standards

FRS102: How affects TechCo’s ? Accounting standard FRS102 is the biggest change in accounting rules for nearly a generation. It will influence how statutory accounts are presented, the terminology and how profit (and hence tax) is calculated. All SME companies must follow this standard for accounting periods commencing on or after 1 January 2016, with earlier adoption encouraged. So…

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Jeannette Hume
13th January 2016 Corporate Tax Minimisation

Super Tax Reliefs: Claim both patent box and R&D relief? The answer to this question is yes and the combination of the two reliefs can be very valuable! We have a number of clients who are undertaking ongoing research and have already registered a patent on their earlier research. They are able to receive the…

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Ian Piper
13th January 2016 Share Marketability

P/E Ratios: Mind the Gap! If your business exit plan is a trade sale, then you will be interested in taking advantage of differential Price Earnings (P/E) ratios.  A P/E ratio is the multiple of future maintainable earnings (profits) used to value a business. The P/E ratio appropriate for valuing your tech business will depend…

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Ian Piper
13th October 2015 Growth Shares

Growth Shares: Incentivize & tie-in key managers. Attracting, motivating and retaining key staff  is a primary aim for most tech and other business owners. As part of their remuneration package, allowing such staff to invest in growth shares in the company is a useful tool to achieve this. Growth shares are a separate class of equity, with specific…

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Stephen Malkin
7th October 2015 IT Governance

SME Cyber Security: £5k grants available. Small and micro-sized businesses can apply for government vouchers of up to £5,000 for specialist advice to boost their cyber security, and to protect new business ideas and intellectual property. The vouchers enable businesses to access services from the UK cyber security industry. This new scheme will also help…

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Ian Piper
15th July 2015 Accounting Policy Choice

Product Development Costs:  CapEx or OpEx ? Nowadays there are very few areas where accounting standards give you a big choice over what accounting treatment you can adopt. The costs of developing a new product (once it has passed its research phase) are one such area. Tech companies have the choice of accounting treatment –…

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Jeannette Hume
13th July 2015 Incentivising Staff

EMI Share Options: the tax advantages. Enterprise Management Incentives (EMI) are a tax advantaged share option scheme that can be used to provide an incentive to key staff. The key tax advantage of EMI options in most cases is that no income tax or national insurance will be payable on the exercise of the option. The…

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Ian Piper
3rd June 2015 Growth Finance

Santander: Now offering specialist growth finance for TechCo’s Santander have signalled their appetite to lend to the Technology sector by establishing a dedicated £200m growth capital fund, marketed under their ‘Breakthrough’ banner. This is specifically designated to bridge the funding gap faced by fast growing SME’s. Funds borrowed from this source must be used to finance…

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