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
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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Nicola-Hawksley
13th July 2016 Accounting Standards

FRS102: How new accounting rules will affect TechCo accounts. 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,…

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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…

Read More »

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…

Read More »