Leading Technology Accountants in the UK
The needs for technology businesses are wide and varied when it comes to finances, such as managing cash burn or completing compliance. Having access to a specialist tech accountant can make a huge difference.
At Clear House Accountants, we specialise in working with tech businesses, providing support with compliance, complex financial management, cash flow management, and more. Intuitive Growth Hacking Strategies and Smart Tools, combined with our collective skills, expertise and experiences, enable our tech startups and Growing Tech businesses to achieve growth much faster. Why limit yourself when you could achieve more with us?
- Growth Hacking Strategies
- Smart Accounting Tools
- Bespoke Tech Solutions
- Scalable Growth Support
Our Support for Tech Businesses?
The tech business sector in the UK is constantly growing due to the nature of the industry, so there is a dire need for accountancy and tax that can keep up with the fast-paced business environment. This is why Clear House Accountants place a distinctive focus on helping innovation-based technology businesses with our exceptional accounting, tax, bookkeeping and financial performance services. All in all, you can outsource your accounts department to our tech accountants and forget about it while focusing on your business growth and strategy.
If you are a tech business start up, a SaaS provider, or selling a product, you need expert tech accountants to help you set up a strong foundation for your business from the initial stages. Having professionals guiding you can keep you up with the rapid tech environment. We walk beside you to ensure that the process of registering and establishing a successful tech company is taken care of effectively and efficiently. The right setup, a solid base, realistic business targets and determining cost-effective strategies can get you that needed competitive edge.
Our business advisory service model aims at helping tech businesses identify their strengths while overcoming their weaknesses to unlock the ultimate growth potential of their business idea. Our expert business advisors and accountants provide strategic guidance that leads tech businesses to develop projects that help them achieve their goals.
As your business grows, however, you need much more than a business vision to achieve sustainability of success rate. Our leadership training programs, smart dashboards, and Profit Mastery tools and strategies will help you manage your finances, improve your business performance, get access to regular financial reports and bag meaningful fundings while having productive business workflows.
If you were the only one responsible for your company’s financial success so far and are now aiming at a higher point of success to achieve in future, you may find yourself in a state where you’re unsure of how to maintain the success moving forward. Most Large enterprises and tech firms hire Chief Financial Officers CFOs to overcome these challenges as they help them manage their financial operations, and make better strategic decisions. We at Clear House Accountants are assisting CFOs and businesses within multiple industries with expertise in internal control analysis, budget assistance, cash flow projection, cost analysis, R&D grant compliance, staff training, and more.
We have partnered up with the biggest names in the world of cloud accounting software and equip our clients with their services to the utmost degree. We also provide training sessions to enable our clients to understand the accounting software and get the most value from these tools while having complete control over their finances and privacy. The huge marketplaces built around Xero and Quickbooks enable them to potentially cater to almost all needs a business might have and that could previously be covered using an ERP only.
UK tech startups struggle to understand the R&D tax credits and their application. Clear House Accountants, with years of experience, know all about the complicated procedure around tax schemes, including R&D and the challenges faced by innovative digital companies during this process. We have been helping businesses boost investment in developing their innovations by reducing their tax bills by rightfully claiming R&D tax reliefs. Having successfully completed many claims for clients, we understand the process and the potential challenges it comes with.
Patent box relief, alongside other tax reliefs, including R&D tax credit, can allow small businesses to work in a very efficient and proactive business environment. We at Clear House Accountants help our clients owning tech businesses contribute to the knowledge economy by translating their intellectual property into tangible assets.
Your financial statements and accurate statutory accounts are critical factors in securing meaningful funding support and investments while establishing a financial track record exhibiting your plans for future acquisitions and initial public offerings. Let the leading accountancy in the UK take care of putting together your Statutory Accounts according to the requirements set up by the Companies House ensuring that your accounts reflect your financial position clearly, helping you define your taxation terms according to HMRC compliances and allowing you the benefit of tax allowances wherever applicable.
We at Clear House Accountants provide comprehensive Cap Table Management services to Technology businesses across the UK. We go beyond simple record-keeping to accurately track equity ownership, share allocation, and even minor changes in shareholder positions, thereby avoiding human error. A well-maintained Cap table is crucial for tech startups and businesses, particularly those undergoing rapid expansion, funding rounds and more. Our specialists in tech accounting understand the value of cap table management and therefore provide businesses with solutions which align their growth goals and compliance requirements.
We emphasise the growth potential of your business and work hard towards providing you with the resources and strategies that you need to exhibit limitless potential. Our business growth strategies will help you make the most out of this fiercely competitive marketplace and grow beyond the scope. As your technology company evolves it can progress to a transition point where you may consider multiple options of mergers, acquisitions by an outside party, or perhaps opting for IPO. We understand the importance of effectively designed growth strategies and exit plans to ensure full protection for you and your employees during business transitions.
Clear House Accountants provide their clients with transparent and easy-to-understand financial models to help them better understand their business standings. Financial modelling allows them to make better financial decisions during business expansion or contraction. With the help of our professional advisors, you can keep an eye on the entirety of your tech business through accurate financial statements, operational cash flow overview, and KPI Analysis.
As your tech company grows, so does the need for employee recruitment and more employees mean expanding payroll and unstructured processes. A business in this situation needs smart payroll management to ensure effective and smooth operational flow. Clear House Accountants help you manage your unstructured payroll processes ensuring that your staff gets paid in a timely manner while keeping everything in line with the ever-changing payroll legislation. Along with providing effectively managed payroll services, expatriate payroll management, employee expenses management, pension schemes, and executive compensation services.
As a tech business, you might be looking to get seed or series funding, or thinking of going into a merger, or to get acquired. Each of these steps requires an appropriate valuation to make sure you are getting your money’s worth. Clear House Accountants, with the help of in-house valuation experts, understand how it can get extremely complicated to value a business with a non-traditional business model. Our 5 state-of-the-art valuation methods look at Qualitative, Quantitative and Investor Return aspects of a business to create the perfect valuation method. This makes our valuation suitable for Fundraising, selling a Business or for intra-party agreements. Our valuation model is compliant with the International Private Equity Valuation Guidelines. Our valuation used industry-grade data and is tailored to the respective industry it is being created for.
These schemes allow you to reward your most important employees while benefiting from substantial tax reliefs for both the company and employees. If you are looking to encourage employees to add value to your business by sharing in the risks and rewards in a tax-efficient manner, Clear House Accountants can help you design and set up an effective scheme to drive business growth and profitability. Not only that, but we make sure to help you out through every step of the process, such as assessing an employee’s eligibility, obtaining appropriate authorisation, setting up sharing options, and registering your scheme.
The film and media industry is a big part of the UK economy and, therefore, gets rewarded through multiple tax relief opportunities. The film tax relief is one of such rewards; however, to be eligible for it, there are a few conditions you must fulfil. Clear House accountants help you prepare and provide you with advice on how to fulfil best the criteria set by the relief. We do our absolute best to ensure you get the highest possible claim, making sure that you get the most out of your expenses back as the current caps allow you to reclaim up to 80% of the allowable expenses made.
The VGTR, or video game tax relief, is another creative industry tax relief that you can easily claim as a tech business dealing with video game development. Funded by the UK, the VGTR offers you a tax rebate against the money you spend on designing, production, and testing a new video game. Clear House Accountants make sure that your business is eligible to avail of the relief provided and get the most benefits out of it during your claims. From the eligibility status to filing the claim and getting an injection of cash flow, our expert tax advisors walk beside you, helping you every step of the way.
By leveraging SEIS and EIS, a tech business can secure critical funding, incentivise investors, and strengthen its growth trajectory. Our tech accounting services provide specialist guidance to tech businesses on the Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS), helping them navigate these schemes effectively. We assist with preparation, submission, and compliance reporting to HMRC, helping you attract investment efficiently while ensuring full compliance with regulatory obligations.
How Can Our Unique Approach Help You?
We value our customers and provide them with the tools and services necessary in the technology industry to help them visualise unique and amazing opportunities, our team of tech accountants have built a proactive approach that helps business owners and managers eliminate any fear of the unknown so that they can make decisions confidently all the while minimising their risk. We work by following a systemic and bespoke approach based on the needs of your startup or growing business.
Expert Accountants For Technology Businesses
With a very sector-focused approach, our Accountants for Tech Companies provide personalised accounting solutions for tech companies in the UK to support innovative startups with creative business ideas. We understand the importance of a business idea that can disrupt the Technology Industry. Our focused accounting for technology companies, business advisory, and growth services provide invaluable support to tech startups and businesses to help them navigate complex business challenges.
Book A Meeting!
Get connected with our tech specialists and find out how we can help you boost your technology business! Let us tell you the secrets of the Industry you might be missing out on.
Our Clients’ Success Stories
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A client, the falling victim to their own success, came to us with the dilemma of managing extensive growth their small E-Commerce business had experienced, they were unable to keep up with managing their inventory. As their business was small, a simple spreadsheet provided them with enough utility to perform just the right amount of inventory management but they needed more, and that is exactly what our technology accountants worked with them to build, an effective inventory management solution.
Setting their business up with a completely automated inventory management system, allowing for more efficient, and accurate management of their inventories, and implementation of remote management capabilities with the help of real-time information exchange which led to a more streamlined supply chain management system for their business.
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As the scale of your business expands, it gets harder for you to keep up with your business expenses which might affect your business’s cash flow. That is what was going on with this client but they were vigilant and identified the need for better expense management and approval systems for their business. The project was undertaken by a senior technology accountant, a financial analyst and a business advisor at Clear House Accountants, who helped implement an automated expense management system through expense management software and approval workflow designing.
Our tech accountants implemented an automated process that took the expense report from the department, passed it through the manager, and CFO (If required based on the extent of the expense) and proceeded with the approval process accordingly. The workflow was a complete success as it took most of the burdens off of the shoulders of managers and streamlined the process entirely. It also made it easier for both employees to get expenses approved, and for managers to assess and approve them.
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Keeping track of all your earnings is probably one of the hardest yet most crucial parts of your business, and one of our SAAS clients seemed to have been going through a difficult time dealing with it. They were unsure of the way to identify the most efficient revenue identification and recording method.
Clear House Accountants stepped in; and our expert technology accountants helped set up an appropriate system for recognizing revenues. We went ahead and found all GAAP certified revenue recognition systems, and handpicked the most reasonable one for our client. Being a SAAS business, we opted for an accrual accounting based recognition system that states that earnings will be recorded when earned and not when cash is received, which allowed for a more efficient recording period.
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For this client, customer relationships were extremely important as the survival of their business in a competitive market space depended on it. However, in pursuit of developing their relationships, they believed that they had given out too much credit and were unsure how they would be able to recover it, as it was affecting their cash flow position.
Reaching out to Clear House Accountants, they told us they wanted a system that would allow them to assess if their finances allowed them to approve certain credits. Our tech accountants understood the situation our client was facing and decided to set them up with an automated credit control system that would help them apply credit limits but also chase for debt that was older than a certain limit, it also allowed them to change credit facilities based on the payment cycle, helping them improve their cash flow by 65%.
Bespoke Accounting For Technology Companies
Every business in the tech sector regardless of the business stage may face challenges like hiring new staff, managing an expanding payroll, navigating accounting and tax laws, securing funding opportunities for sustainability and growth, claiming tax reliefs and research grants, creating incentive packages, managing operations and much more. From bootstrapped startups to scalable venture-backed companies, our accountants for technology companies have the expertise to cater to each clients needs individually with personalised solutions to their accounting and business requirements in accordance with HMRC and market needs. Our team stands by your tech business to allow it to exhibit its maximum potential in today’s proactive and competitive marketplace using our Unique approach, Amazing tech stack and Highly experienced staff.
Get Ahead Of The Competition!
Clear House Accountants are the leading Tech Accountancy Firm in the UK, equipping businesses with top of the line accounting and tax services to make their mark on the industry. We have assisted numerous tech companies make and grow their place in a highly competitive marketplace.
Businesses We Have Helped Build
Our specialist tech accountants have experience working with tech clients from a diverse range of backgrounds, enabling us to provide premium services to a wide array of tech niche businesses to help equip them with the tools they need to push their businesses to the absolute limits of success. This experience with our clients has enabled us to understand the unique challenges faced by technology companies at the various stages of their lifecycle. Our experts in tech accounting and tax techniques understand the optimum solutions that need to be implemented, even in the most uncertain scenarios, through thousands of man hours of extensive research and practice.
- Artificial Intelligence Pioneers
- Robotics Companies
- Cryptocurrency Exchanges
- Media Companies
- Computer Maintenance Services
- Life Science Enterprises
- IT Consultancies and Contractors
- Game Developers
- Multi-process Products Manufacturers
- Network Support Providers
- Digital Marketing Agencies
- Youtubers and Influencers
- Smartphone App Development Agencies
- Backup Solution Providers
- Accounting for SAAS Businesses
- E-commerce Businesses
- Tech Startups
Building Powerful Business Ecosystems Around Tech Companies
Let our Tech Tax and Accounting advisors help you build your tech stack and an integrated business ecosystem that compliments everything like credit control, customer relationships, inventory, banking and payments, transactional processes, cash flow, HR or any other business process. An organisation is a delicate structure where every unit has to perform its job effectively or the whole unit falls apart, hence, we make sure that every aspect of your business accounting works together like a well-oiled machine.
Intelligent Business Readiness Solutions
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Looking For Something Extra Special?
Outsource your Finance Department to our capable Technology Accounting Team and relieve yourself of the added burden that comes with the complex and time-consuming financial challenges you and your business face, such as bookkeeping, accounting, management accounts, tax planning, etc.
Our services will not only enhance your business but also save you time and money.
Our Partners
We are all about empowering our clients. As a Tech Savy Accountancy Practice, we partner with industry leaders to ensure you have access to the best resources and people.
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FAQs
Most Asked Questions About
Accounting for Tech Businesses
Why Do I Need An Accountant For My Tech Business?
Ever thought your business could achieve more, or there is something wrong, but you just cannot put your finger on it? There can be many other situations, such as lack of growth, lack of time, or the simple issue of “I didn’t know I could claim that.” With an expert tech accountant available to you, there is a high probability you could avoid many of these problems and find a partner who can be there in your times of need. Just imagine an industry-leading mentor available to you when needed. There are many other benefits; just the tax benefits and the time savings could make them pay for themselves.
What Is Research & Development Tax Relief?
Research and Development tax relief is a tax relief that can be claimed by companies that are trying to innovate and bring about some technological advancements. This tax relief allows them to claim the incurred cost of research and urges more businesses to participate in R&D.
Is It Hard To Switch Accountants?
The hardest part of switching an accountant is deciding to make the switch, as the process in itself is very straightforward. All you need to do is contact Clear House Accountants regarding outsourcing our accounting services, sign a digital contract, and let the old accountants know you are moving. Leave the rest to us.
