Although the global Covid pandemic has hit many industry sectors, the tech sector has bucked the trend. In recent months, there has been a surge in in entrepreneurs who are keen to set up new tech companies.
According to the latest figures, a new tech business is created, on average, every 30 minutes.
Here in the UK, the sector contributes over £184 billion to the economy each year and benefits from venture capital investments totalling £6.3billion – the largest on any European country.
Because the sector is fast growing and constantly changing, you need experts who can not only keep up with your business but act as pacemakers – helping you stay in front of the competition.
finzo is the accounting force behind some of the fastest growing tech companies in the UK.
Innovation is at the heart of everything we do. And because we adopt the latest technology in our own business, we can create the drivers you need for business success.
We help tech businesses stay in control of core project milestones, from concept to closure, to ensure that key targets and budgets are met.
Our expert team is here to advise you on company restructuring, finance and investor capital, payroll, advanced tax planning (including VAT and Making Tax Digital), and technology and IT systems.
R&d Tax Relief
Our experienced team will work with you in planning qualifying R&D expenditure through to making a claim.
It is important to understand that your R&D projects do not need to have been successful – in fact, failure is very much a part of the R&D process.
If your business attempts to resolve technical uncertainties and invests in creation and innovation, you will likely qualify to reclaim a portion of your development costs.
If you are uncertain whether your project is eligible for R&D tax relief, get in touch with us now to find out.