Accounting for IT Companies & Tech Start-Ups

Keeping Your Tech on Track  

Working for yourself in the IT sector can be highly rewarding, since it gives you the freedom to decide when are where you work.  

It can also prove more lucrative than working as a permanent employee, since you have the opportunity to work across multiple industries and projects, on your own terms.  

However, as your control within your career increases, so to do your obligations when it comes to taking care of your finances.  

Managing an IT business requires ample considerations— from handling tax returns and managing your accounts, to calculating how much VAT you are required to pay.

It is far from a simple endeavour.

If you’re on the hunt for an accountancy firm that understands the unique needs of your IT business, look no further than Gow and Partners!  

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How GOW Adds Value

Our team of accounting experts specializes in helping IT companies like yours navigate the complexities of financial management, from taxes and bookkeeping to financial planning and analysis.

With our deep-rooted knowledge of the industry, and our commitment to staying up-to-date with the latest accounting regulations and best practices, we will help you achieve your business goals.  

Whether you need help with day-to-day accounting tasks or more strategic financial planning, our team is here to provide the support you need to succeed.

We take the weight of financial procedure off your shoulders, giving you confidence and reassurance, freeing up time for you do more of what you are brilliant at.  

You’ll also benefit from clear, tailored guidance. Your accounts manager will take the time to understand your individual needs and requirements for growth, ensuring that your business is structured in the most efficient way possible, minimalizing tax and maximising your profits.  

Say goodbye to the painstaking generalities you may have dealt with in the past. When you sign up with GOW, they’ll be a thing of the past.  

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Whether it’s early days or you already have an established client base, we can help you at every stage of the process.  

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Accountants for the Digital Age

The UK leads the way when it comes to digital innovation. Thanks to a clever combination of homegrown talent and financial investment, it is now considered by many to be the tech capital of Europe.

But as the pace and complexity of new technology and IT developments increase, it is more important than ever that specialist partnerships are formed.

At Gow and Partners, we understand that the growth of a tech business moves at a much faster rate. This is why we ensure that our clients have all the financial resources and business confidence they need to keep innovating and evolving in such a competitive industry.  

In the fast-paced, ever-evolving industry of technology, willingness to embrace change is a must.  

So too is the habit of reviewing current systems, ensuring that they are operating in the most efficient way possible.  

Our team are proficient in the latest technology on the market, offering personalised cloud accounting packages at a heavily discounted rate.

Our systems ensure that your accounts are kept in pristine condition, meaning you won’t have to worry in the instance of a HMRC records check.  

We are proud to hold ‘gold partner’ status with Xero, a company offering revolutionary accounting software solutions. With Xero, you’ll have access to your real-time financial data from any device, from anywhere in the world.  

Providing management support that keeps you in control, we are happy to assist with streamlining procedures, such as integrating multi-channel sales into one accounting platform.  

Cybersecurity is a crucial element in the IT industry, and the digital world at large. And while being able to run your business from anywhere offers you freedom, you also want the reassurance that your information is protected at all times.  

This is one of the reasons we love Xero so much— it provides the user with ironclad security, preventing your information falling into ill-intentioned hands.  

Don't let financial management be a headache for your IT business any longer!

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Whilst your company develops tomorrow’s technology, we’ll help pave the way for your financial success today.

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Relevant Tax Relief  

It’s hard to keep innovating when you don’t have the means. Thankfully, access to debt funding is becoming simpler all the time.  

Government support, such as grants and specialist tax relief schemes, mean that companies within the technology industry can claim a generous tax deduction or cash refund from HMRC.

We’ll ensure that your innovations are recognised and that you claim the funds your business is entitled to. R&D tax incentives, for example, are available to all small to medium sized companies, providing their project meets the correct criteria.

We can advise on the availability of R&D tax credit, as well as the Patent Box tax regime and Video Games Tax Relief (VGTR).  

The government’s VGTR allows UK game developers to claim a tax deduction of up to 20% on eligible costs, or a tax credit if the company makes a loss. To qualify, the video game must be certified as ‘British’ and 25% of the project’s core expenditure must be within the EEA.

So, don’t let your business be one of the many missing out on these tax relief schemes. If you think you qualify, or for more information, get in touch with us today.

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Services Offered

Specific accounting packages tend to vary from client to client, being tailored in accordance with individual needs. Listed below are some examples:

• Your own accounts manager with direct dial
• Advice on legal structure  
• Expert tax advice to maximise efficiency

• Cashflow forecasts  
• Management meetings, in line with our Growing Owners Wealth solution  
• Xero cloud accounting, training, and app advisory  
• Receipt capture on the go with Dext
• Streamlined payroll with instant access via Bright Pay Connect

• Reminder services for deadlines and payments
• Assistance with HMRC checks and liaising with Companies House

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Let us Help You

Book your 30 minute discovery call today— enjoy a relaxed, no-obligation chat with one of our qualified accounting advisors. We can assess your situation and determine how to best serve and add value to your business.  

Alternatively, you can send us a message with any queries (big or small), and one of our team members will get back to you promptly.