Tech Relief Tax Advisers

In the world of business, understanding your financial metrics is crucial for success. One of the key figures you need to grasp is the cost of sales.

Cost of sales, sometimes referred to as cost of goods sold, represents the direct costs traceable to the revenue generating activities of the company. This includes expenses like materials, labour, and overheads directly tied to the manufacturing process. The cost of sales items will depend on the type of business.

Understanding and calculating the cost of sales is essential for any business owner. It not only helps in assessing profitability but also aids in making strategic decisions regarding pricing and inventory management.

For a free consultation, call us today on 020 8058 3532

Do I need a business account for a startup business?

It is not always a requirement for sole traders to have a business bank account but it is strongly recommended. Having a limited company bank account is essential. A business bank account helps:

• Simplify tax filing and financial tracking. Most accounting software integrates with banking platforms and so much of the manual work is removed and this also reduces the chance of human error.
• Establish a credit history for your business.
• Customers and suppliers take your business more seriously.

For a free consultation, call us today on 020 8058 3532

Your annual accounts can be a complex area and so outsourcing to a Chartered Accountant will give you piece of mind that your statutory reporting requirements are met and that your business accounts have been prepared according to the correct accounting standards.

The strict form of reporting required by businesses registered at Companies House can make this a difficult task to complete without the support of a professional.

For a free consultation, call us today on 020 8058 3532

Where tax and national insurance are not automatically deducted from your earnings, HMRC collect your income tax, national insurance contributions, capital gains tax (CGT) and student loan repayments via the self-assessment system.

We use your accounting records to prepare your Income Tax self-assessment return and, where required, supplementary pages. We then submit the returns to HMRC, giving you peace of mind that all relevant reliefs and incentives have been claimed and that the tax due has been calculated accurately. We deliver you tax saving strategies to ensure you never pay more tax than necessary.

For a free consultation, call us today on 020 8058 3532

Technology companies often spend a significant amount of time and money investing in their technology.

In addition to preparing your company tax return, we will identify ways you can minimise your tax bill.

We use your business accounts and associated records to prepare your Corporation Tax return and, where required, supplementary Corporation Tax pages. We then submit the returns to HMRC, giving your peace of mind that all relevant reliefs and incentives have been claimed and that the tax due has been calculated accurately. We offer hassle free tax compliance services and ensure you never pay more tax than necessary.

For a free consultation, call us today on 020 8058 3532

Accountants for Tech Start-Ups

Accounting for tech start-ups involves choosing a tax efficient business structure, adopting an appropriate accounting method and selecting suitable accounting software to record your business transactions.

We can set you up for success by giving you tailored tax advice at the beginning of your journey so that you remain complaint with complex tax rules and keep more of the money that you earn.

Once you have achieved the basics, our accounting services for tech startups help you remain in good standing with HMRC and give you more time to spend on growing your tech startup.

For a free consultation, call us today on 020 8058 3532

Imagine a situation where you have successfully grown your technology company, you have taken on more staff and have increased your sales.

As your workload begins to increase, accounting and focus on your tax takes a back seat as you put your full attention into other areas of your business that need your expertise more.

Tech Relief can help. We take away your accounting and tax pain and allow you to focus on growing your business.

For a free consultation, call us today on 020 8058 3532

Tech Relief gives you more time to focus on your London start-up or technology company by handling accounting and tax on your behalf.

We give you valuable advice and more time back so that you can maximise the value of your business.

Get unlimited access to an accountant, keep more of what you earn and get it all at a fixed rate with no hourly charges.

For a free consultation, call us today on 020 8058 3532

At Tech Relief, we have years of experience in making R&D tax credit claims for technology businesses.

When a company invests in developing a technology idea and spends £10,000 on research and development and goes on to make a loss for the year, the company can claim up to £2,600 back from HMRC through the R&D tax credits regime.

We understand the types of technology expenditure that qualify for R&D tax relief and what activities in your business are likely to qualify.

For a free consultation, call us today on 020 8058 3532

Tech Relief specialises in helping technology companies keep more of the value they have created. We do this by delivering tailored tax advice.

Focusing on the tech sector means that we have a stronger understanding of your business than the average Accountant. It helps us offer solutions that work for you and deliver you better results.

Regardless of the stage your business is at, we can help.

For a free consultation, call us today on 020 8058 3532

The way in which you structure your business or personal tax affairs has an impact on how much tax you pay. At Tech Relief we advise you on efficient international tax planning strategies that optimises your tax position.

Why choose our international tax service?

• Compliance requirements - we can advise you on what action you need to take to remain compliant both in the UK and overseas.

• Global tax incentives - there are thousands of tax incentives that are available across the world and we can help you understand your entitlement if you are working or conducting business internationally.

• Coming to the UK - if you are coming to the UK to work or start a business, we can help you assess your tax obligations. We aim to make the process as straightforward as possible.

For a free consultation, call us today on 020 8058 3532

What is our approach to video games tax relief?

We will assess whether your video games meet the various tests set out in tax legislation.

If they do, we will identify and quantify the relevant tax expenditure to maximise the tax relief available to you. We will model the possible outcomes before submitting a claim so that you can assess whether it is worthwhile for you.

We will do the modelling at no additional cost to you where we are preparing your Corporation Tax return.

For a free consultation, call us today on 020 8058 3532