Science and technology
Accounting for tech companies
If your business is built around technology, from software development to startups spun off from university research projects, we can provide accounting and business advice to help you achieve your goals.
Cambridge is a world-famous centre for innovation. That’s thanks in part to the university, which can claim to be the home not only of gravity but also DNA. It’s also a result of the development of the Cambridge Cluster, sometimes referred to as ‘the Silicon Fen’ – a science and technology hub employing around 50,000 people across c.1,500 businesses.
With so much competition, it’s difficult to stay ahead of the game. Things can easily be made worse by the challenges faced by tech companies: supply chain issues; increased security threats; and a demand for more sustainable practices.
It does no’t help how often financial issues can crop up: a poor finance structure or tax strategy can stretch money; internal processes like accounting and payroll might prove a distraction from your real work, while admin work, like your accounts and tax returns, require hawk-like attention to get right.
Why you need a specialist tech company accountant
With so many challenges facing tech companies, you need to be flexible and able to scale to respond to external and internal problems. You may also need an accountant who can help you grow, rather than one who provides only simple accounting services before calling it a day.
Here’s how a tech company accountant may be able to help you:
Helping you define and grow the business
An accountant will help you on your business journey to growth by laying the groundwork. They’ll help you develop long-term business plans, guide you through your financial data and identify growth areas. The best will even set your business up with accounting software to allow your business to run smoothly.
Helping you scale up
Accountants can determine how well your business compares with the rest of your industry and use this to develop a plan for ambitious and competitive growth. They can also identify sources for funding and potential investors, as well as set up systems and accounting software that scales with you.
Helping you minimise your tax bill
Accountants are tax experts. They’ll help you build a strategy that maximises your tax efficiency while keeping you compliant. Every business is different, sometimes requiring different tax plans, but tech businesses can often benefit from R&D tax credits, claiming capital allowances and even creative industry reliefs such as video games tax relief.
Our tech accounting services
- Financial & management accounting. From statutory annual accounts to regular reporting.
- Taxation. We do our best to save our clients money and make their lives easier.
- R&D tax claims. Tax relief that could give your business the edge.
- Bookkeeping & VAT. Two tasks we can take care of easily.
- Payroll and employment. Two jobs that take up a lot of time but which we can handle for you.
- Business plans & forecasts. Successful businesses plan.
- Finance director services. Get the support of your own virtual FD with added flexibility.
- Formation & secretarial. We’ll take care of company setup, regular returns and more.
Choose the accountants for innovation
If you want innovation, we’re the accountants to call. We’re experts in the tech industry and have helped dozens of clients get to where they are now. Get in touch with us to begin the next chapter of your journey.
Talk to someone on our team now
If you want to find out more about our experience, or explore what we can do for your business, get in touch and we’ll schedule an informal conversation.
“CMR Surgical appointed Business Partners as the right partner for the start-up to early growth stage in our journey. Rob, Sam and the team were able to take on everything we couldn’t including systems implementation, management, statutory accounts and payroll. I found the team always very responsive and proactive – looking forwards to working with them again.”
Martin Frost | co-founder and former CEO, CMR Surgical
It’s easy to choose us as your accountants
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