Technology Sector

Targeted Accountancy and Financial Services for the Tech Sector

Sustained growth in the British technology industry, spanning everything from fintech to robotics, automation to cybersecurity, has created an environment for rapid scalability. This means that many businesses require customised, balanced, and professional guidance to maximise and protect their profitability and long-term performance.

The Importance of Financial and Advisory Support for Technology Innovators

Part of the reason accounting assistance and business oversight are so crucial for tech companies is that any new and developing market is exposed to excellent opportunities counteracted by emerging risks and competitive threats, particularly in fields where rigorous and evolving regulations play a big role.

Businesses in the technology space need to embrace agility to stay ahead of the curve, with ever-growing demand from consumers and the commercial sector to provide new solutions, systems and devices. Our technology accounting specialists provide support, mentoring, risk management and performance analytics, ensuring every client is fully aware of their tax, audit and reporting obligations without losing sight of ways to drive ongoing growth.

Independent recommendations can be invaluable to companies on an upward trajectory, ensuring directors, owners, and decision-makers have a complete overview of performance vs objectives and continue to adapt their strategic planning as their businesses and the markets they serve mature.

Whether your business has expanded to an extent that impacts your statutory obligations, you would like professional guidance around the tax implications of research and development investments, or you need to improve your reporting procedures to comply with System and Organisation Controls (SOC) guidelines, our multiskilled accountancy team can help.

Accountancy Services for UK-Based Technology Businesses

The most relevant accounting services for your business may depend on the lifecycle of the company and any core objectives or targets you are currently pursuing. For example, we often liaise with technology organisations that start by sourcing support with preparing their accounts and organising audits – and then tap into further knowledge to compile interim financial statements to help them secure funding opportunities.

Other businesses find that the volatility and pace across the tech sector make it difficult to manage everyday accounting processes, and they require assistance with bookkeeping, VAT reporting and cash flow planning to prepare for forthcoming liabilities.

Our primary focus is on ensuring each client has a secure foundation from which to achieve new levels of success by mitigating potential risks, ensuring they meet all best practice and compliance standards, and creating mechanisms for on-demand and up-to-date reporting to aid in informed decision-making.

Technology Sector Clients Our Accounting Team Works With

As an established accountancy provider specialising in the commercial space, we collaborate with tech-based businesses of all sizes, from ambitious start-ups working as disrupters within technology environments and long-standing national and multinational groups with a trading arm in the UK. We also support businesses in the following niche markets:

  • AI, machine learning and gaming
  • Fintech and app developmen
  • eCommerce and digital platform
  • Software as a Service (SaaS) and related product
  • Media and entertainment tech

    Initial consultations enable us to get to grips with the current performance, objectives and strategies of the company, building a comprehensive understanding of the business model and core aspirations to develop clear, tailored advice and recommendations.

    Accounting assistance can range from corporate tax planning to appraising expansion plans, advice on VAT liabilities and reporting obligations, to preparing a tech business for sale and handling succession planning.

    Choosing the Right Accounting Services for Your Technology Business

    Whether your business needs professional advice around bookkeeping, intelligent software, business planning, valuations, regulatory compliance, annual reporting or other areas, the James Todd & Co team can help. Below is a snapshot of some of the services we frequently provide to businesses in the technology sector.

    Annual and Management Accounts Preparation

    Our team can assist with statutory reporting, assurance reports, statutory and internal audits, preparing management accounts, analysing performance for decision-makers, and ensuring that your reports are accurate, timely, and adhere to all relevant regulations.

    Investment and Funding Reporting

    Tech companies looking to expand or restructure their businesses benefit from an end-to-end service, assisting with business valuations, mergers and acquisitions, corporate financing calculations and forecasts and preparing reports and appraisals for funding partners.

    Outsourced Bookkeeping

    Even the highest-growth business can struggle without real-time reporting or up-to-speed data that reflects how revenues and profitability are meeting targets. We can manage all bookkeeping requirements, ensuring your records are entirely current and facilitate accurate decision making.

    Tax and VAT Management

    From research and development tax credits to EIS and SEIS reporting, VAT returns and the complexities of varied share option schemes and ownership agreements, accounting for tax obligations, future exposure and correct accounting are paramount for every business in the tech space.

    Business Planning and Strategy

    Technology companies often find that time constraints and competing pressures leave little time to revisit strategies or adapt business plans to meet their current goals. Our tech sector experts can assist, ensuring you access mentoring, customised coaching and insights to see where your business is now and the steps to take it to where you’d like it to be.

    What we offer at a glance

    Full accounting service

    Business start-ups and company formation
    Stress-free bookkeeping
    Stress-free payroll
    Cloud-based accounting

    Quarterly review and management accounts

    Goals to Growth consulting
    Taxation support & advice
    Fee protection service
    Statutory audit

    Trust us we’re Xero and Sage experts

    Speak with Technology Sector Accounting Specialists

    To learn more about the accounting services, financial advisory support and coaching assistance we provide, please contact our tech-focused team today to arrange a convenient time to talk.

    Some words from our wonderful clients..

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    "We have worked with Michelle and Kevin for many years. We were a small Partnership when we started using them for our annual accounts; as they grew as company so did we. With all their expertise and advice we turned our 500K turnover business into a 3.5 million Turnover business. They do our monthly management accounts and review and advise us on strategies to help us continually grow. The wide range of services they offer is amazing from Tax advice to Payroll and much more!"

    - Danny Knight, Director, Knight Fencing Ltd. - client since 2007

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    "Running your own business can be incredibly stressful, You need someone you trust who is on your side and who you can call whenever you need help or advice. I have that with James Todd & Co."

    - Julia Haviland, Director, Brittain Marketing Services Ltd

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    "James Todd & Co have been our accountants since 1997 and have provided excellent services throughout our time together. They have undertaken our CIS, Payroll, VAT and end of year accounts during this period and have been excellent throughout. They have a great team, all of which are a credit to the company."

    - Steve Carder, Director, Facilities Fire Protection Ltd - client since 1997