Technology businesses face a wide range of challenges from data handling and the regulatory burden that surrounds it; through to access of highly skilled people and lack of funding, all of which make it difficult to remain competitive in an increasingly digital world. The creation of e-commerce, fintech and high-tech manufacturing are disrupting traditional industries and creating new ways of doing business.
For many tech businesses their survival and success depends on an effective ‘born-global’ business model that plans for international activities right from their formation. The challenge is often having the capability to compete internationally and coordinate resources across countries, as well as satisfying the needs of customers in a global market. We understand the importance and benefit of operating overseas and subsequently offer a centrally coordinated global tax, audit and accounting offering, delivering a local service to every major business centre worldwide.
The UK Government offers a number of attractive tax reliefs, such as patent box, research & development tax credits, and the Enterprise Investment Scheme, to encourage businesses to develop and hold their IP in the UK. Our team has successfully maximised these tax reliefs for tech businesses, in particular with research & development tax credits whereby SMEs can enhance their qualifying expenditure by 130%.
We offer the typical audit, tax and accounting services you would expect, in addition to more complex solutions including valuing intellectual property, dealing with the complexity around transfer pricing, helping you expand your operations internationally, and advising on mergers & acquisitions.