Technology

We currently advise a number of businesses in the technology sector. Consequently, we are very excited about our work in the technology sector. Furthermore, we are proud of the work we have done to support the growth of our technology clients.

There are two significant tax breaks for innovative businesses. i.e.

1. A ‘super-deduction’ for development costs (R&D tax relief)
2. A lower rate of tax on profits related to patents (Patent Box)

R & D Tax Relief Information

We are prepare our clients to make the most of these tax breaks.  We are working as the lead adviser with experienced industry professionals to get under the skin of R&D. Furthermore, we are also working with lawyers and patent attorneys to structure income streams in a tax efficient way. Markedly, there are particular issues which come up for spin out companies. Significantly, this relates to the amount of money that the academics pay (or don’t pay) for their shares. However, issues can also arise surrounding ownership of the company’s intellectual property.

Correspondingly, our technology clients are drawn from a wide range of industries.

For example:

• Oil and gas
• Energy management
• Pioneering materials technology
• Engineering and manufacturing
• Recycling
• Software development
• Project management
• Traffic management

What can we offer you

• Business plans and initial business structure
• Grant funding, including R & D (Research & Development). Specifically, our Strategic Partner in R & D is Teesside University
• Claims for research and development tax relief. Subsequently, this can be particularly important for pre-revenue businesses
• Attracting / locking in key developers & managers through EMI share incentives
• Accounts preparation
• Management accounts and investor information
• Raising investment using tax incentives to attract business angel investors
• Raising growth finance through venture capital
• Due diligence
• Selling the business to another business
• Selling shares on a public market (e.g. AIM listing)