Expert Tech Accountants

We understand how you can make your Tech business more profitable

The tech sector presents unique accounting challenges, from scaling internationally to leveraging tax incentives. As a specialist Tech accountant we can help you ensure compliance, optimise tax reliefs, and provides strategic financial planning.

We offer:

    • Tax-efficient structuring for startups and scale-ups.

    • R&D Tax Credit and Patent Box claims.

    • SaaS and subscription revenue recognition advice.

    • Investment readiness and financial forecasting.

    • Global VAT and international tax compliance.

From software engineering such as app development and gaming to consultancy services for Microsoft or Apple; we appreciate what it takes for your business to thrive in the current market. 

Director, Nick Bonnello, not only has his own IT and Cloud services business but also holds a 1st Class Degree in Computer and Information Systems. His knowledge and expertise within the industry is invaluable for clients within this sector.

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We help tech firms with:-

  • Preparation of annual statutory accounts

  • Preparation of tax returns

  • Monthly/quarterly management accounts

  • Review to identify opportunities to increase profits

  • Bookkeeping

  • Payroll and auto-enrolment

  • Cashflow forecasting

  • Cash management including payment runs

  • IHT planning

  • Capital Gains Tax (CGT) on asset disposals and restructuring

  • Stamp Duty Land Tax (SDLT)

  • Trust and estate planning for both succession and retirement

  • Assistance with acquisitions and disposals

  • VAT compliance and advice

  • Business structure review (sole trader/partnership or corporate structure)

  • Finance review to obtain finance

  • Annual strategic business and tax review

  • Audit of statutory accounts (where applicable)

  • Mergers and acquisitions

  • Forensic accounting

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Why choose RWB?

  • We have decades of experience in helping clients with a full suite of accountancy services.  Our diverse and dedicated team specialise in everything from Personal Tax and Corporate Accounts to Inheritance Tax Planning and Forensic Accounting. 

  • We are governed by the ICAEW, which has the highest standards of integrity and ethics.

  • We have a rigorous protocol: all completed work is checked by your dedicated client manager and then again by one of our directors

  • Our meticulous procedures significantly reduce the risk of anything being missed or completed incorrectly.

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What our clients say

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“The whole team is very efficient and responds to any questions or queries immediately. We are very happy with the service.”

— Mrinal

Elderly couple sitting on a couch with a laptop, smiling at each other, next to a window with blinds and a floor lamp in the background.

“This is my 41st year as a client of RWB or its predecessors. The service has always been superb and, even better, friendly.”

— James

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“Nick Bonnello and the team have always been on hand to offer excellent advice and guidance at every step of the way. I can’t recommend them enough!”

— Dan

Contact us

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Would you like to learn more? Our team are happy to help!

FAQs

What are the key accounting challenges for tech companies?

Tech businesses often encounter complex issues related to revenue recognition, R&D tax reliefs, intellectual property valuation, and financial planning for high-growth companies. Whether you're a startup or a scaling SaaS company, having specialised accounting expertise ensures compliance and tax efficiency.

What tax incentives are available for tech startups in the UK?

Tech companies can leverage several tax incentives:

    • R&D Tax Credits: These offer cash refunds or tax reductions for innovative projects.

    • Patent Box: Provides reduced Corporation Tax (10%) on profits derived from patented technology.

    • SEIS & EIS Schemes: These schemes offer tax reliefs to attract investors.

    • Capital Allowances: Provide tax relief on hardware, equipment, and office expenses.

What financial metrics should a tech startup track?

    • Burn rate: The rate at which capital is being expended.

    • Customer acquisition cost (CAC) & lifetime value (LTV): Essential for SaaS growth.

    • MRR/ARR (Monthly/Annual Recurring Revenue): Vital for subscription-based models.

    • Runway & cash flow forecasts: Ensuring sustainability during scaling.

How do R&D tax credits work for software development?

If your tech business invests in developing new software, AI, or innovative systems, you may qualify for R&D tax relief. SMEs can claim up to 27p for every £1 spent, and larger firms can benefit under the RDEC scheme.

How should tech companies handle VAT on digital services?

For SaaS, digital downloads, and online platforms, VAT rules vary based on the customer’s location. UK businesses selling to the EU must consider VAT MOSS or reverse charge mechanisms. We ensure compliance with global VAT regulations.

How do stock options and Employee Stock Option (ESO) schemes work for tech employees?

Tech firms frequently offer Enterprise Management Incentive (EMI) share schemes to attract and retain talent. EMI options enable employees to purchase shares at a fixed price, offering significant tax advantages. We ensure EMI compliance and tax efficiency.

What is revenue recognition, and why is it essential for SaaS companies?

Revenue recognition is a crucial aspect of financial management for SaaS and subscription-based businesses. Complying with IFRS 15 or FRS 102 Section 23 ensures that revenue is recognized when service delivery occurs, not merely when cash is received. This responsible approach to revenue recognition is vital, as mismanagement in this area can lead to misstated profits and cash flow issues.

How can tech startups attract investment in a tax-efficient manner?

Early-stage tech firms can utilise:

    • Seed Enterprise Investment Scheme (SEIS): Provides 50% tax relief to investors.

    • Enterprise Investment Scheme (EIS): This offers 30% tax relief to investors.

    • R&D Tax Credits & Grants: Help in boosting cash flow for further innovation. We advise on structuring investments to benefit both companies and investors.