Accountants for software developers
Accounting services for software firms
There are two main strands to our accounting services for software developers. First, it’s about providing the kind of core financial administrative support that frees up your time and allows you to focus on your most important projects. Secondly, it’s about tax planning, ensuring that your software development studio isn’t paying more tax than necessary – and that you’re claiming all the tax reliefs and allowances to which you’re entitled.
Being specialist accountants for software developers also means supporting the growth of your business. From accessing local or national innovation grants to winning lending an investment with a compelling business plan, we can help you find the capital you need.
We can also advise on using employee share schemes to reward and retain top-performing developers, or keep you informed on the off-payroll working rules (IR35) if you rely on contractors.
At a foundational level, we can also take care of setting up your business (including registering with HMRC and Companies House), preparing your annual accounts, filing your corporation tax return and even managing your staff payroll.
R&D tax relief for software developers
The most important tax relief to be aware of in terms of accounting for software companies is the research and and development (R&D) tax credit scheme. This is part of the Government’s drive to incentivise innovation and encourage technology businesses to make Britain their home. As such, HMRC’s definition of R&D is a bit broader than the traditional one and certainly covers software development, as long as certain criteria are met:
Accounting for app developers
App development is an exciting process, but it also takes time and commitment. With tight deadlines and a large volume of work to get each project over the line, developers often find they don’t have the time to sit down and look at their financial data. That’s where we come in.
From estimating costs to implementing an effective project accounting system, our accounting services for software developers are designed to support you at each stage of your app’s development.
- Contractor tax advice
- Contractor tax returns
- Company accounts
- Budgeting and planning
- Online accounting
- IR35 guidance
Get in touch
Let's talk about how Alchemy can help your business.