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
 
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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Ian Piper
9th March 2017 Budget 2017

What’s in it for Technology Companies? Philip Hammond’s first Spring Budget announced a handful of steady-as-she-goes measures. The new announcements that will catch the eye of technology companies include: From 6-Apr-18, the tax free allowance for personal dividend income will reduce from £5k to £2k pa, For tax advantaged share schemes: clarifying the EIS and SEIS…

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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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