Technology, Innovation and Growth

The world is changing at lightning speed. Businesses are increasingly technology based and constantly innovating to stay one step ahead. Where once it took years to build a business, growth can now be exponential. 

The Bishop Fleming Technology, Innovation and Growth team offer an accountancy and business advisory service for the technology sector. We fully understand the needs of the sector and can support your business, whatever the size, locally, nationally and internationally.

We are a multi-disciplinary team offering numerous services to the technology sector, from research and development tax credits to management accounts and restructuring to refinancing. We work with everyone from start-ups to PLCs, including the business angels and other funders that invest in many of the region's businesses. We are experts in Angel and Venture Capital (VC) funds including British Venture Capital Association (BVCA) structured funds.

To find out how we can help you or your business with Technology sector advice, please contact a member of our team.

R&D Tax Credits

Bishop Fleming has already submitted successful claims for Research and Development (R&D) relief in excess of £250m in the past seven years.

We have considerable knowledge and expertise in the Research and Development market and understand how to use the rules to maximise the claim. It is often surprising for what expenditure claims can be made. Business costs that would otherwise simply be written off could actually be increased for tax relief purposes, resulting in a substantially reduced corporation tax bill, or even a tax repayment to help fund further development.

Visit our R&D Knowledge Hub for more insights.

Patent Box

Patent Box is part of the Government's strategy to make the UK one of the most competitive tax regimes in the G20. It provides an additional incentive for companies to develop, commercialise and retain patented technologies in the UK. The Patent Box is likely to be of interest to a large number of companies engaged in the design, commercialisation and exploitation of innovative patented technologies. The potential benefit is dependent on a company's business models, internal accounting policies and IP strategy. Companies should consider now if they could benefit from the Patent Box initiative and consider what steps they need to take to maximise the benefit of the relief.

To find out how we can help you or your business with Technology sector advice, please contact a member of our team.

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