If you are looking to create a successful digital or tech business through software design, a subscription based or lead generation website, social network or an e-commerce site you are likely to hit a number of issues common to all internet businesses. Key is finding a digital accountant familiar with tech businesses.
The creation of your business will initially be labour intensive and could be for some time as you invest in the infrastructure and development of your site and software. Many hours will be spent on development and engaging quality developers. Financing is crucial and we can assist with preparing your business plan to attract funding.
You may need to attract a specific investor and we can assist with EIS (Enterprise Investment Scheme) and SEIS (Seed Enterprise Investment Scheme) investments which are specialist tax schemes designed to incentivise individuals to invest in qualifying companies. As your digital accountant we can provide advice on these tax schemes and how to implement them.
If you are developing unique or innovative software you may be carrying out Research & Development. We can advise you about Research and Development tax relief and tax credits (R&D) and prepare the claims for you.
You may also need to lock your team in to your fast growing business. We can advise on share options and have implemented a number of share option schemes through the Enterprise Management Incentive scheme.
There’s even some special tax incentives for video game developers.
As cloud accounting software experts we can advise on all areas of the business. For e-commerce businesses we can help with linking your website through the initial sale to stock control and to the accounting functions. For software houses we can help with your quoting systems through to automated invoices and payment methods through to the accounting functions and much more.
We can help business owners who are looking to build successful digital businesses, but unfortunately we are unable to help IT contractors.
We work with numerous software development houses and e-commerce businesses and can provide recommendations on request. Talk to us about some of our success stories.