Technology and Communications
The pace of change in Technology and Communications is second to none. Whilst cheaper overseas markets are constantly sought for some manufacturing operations, the UK remains at the forefront of development in the Technology and Communications sector. The UK government remains dedicated to supporting this position, with tax strategies such as R&D tax credits and patent box to help developing companies and to stimulate research and development activities.
We work with a wide range of companies in this sector, ranging from start-ups developing new technology through to established organisations looking, for example, to better integrate voice and data solutions. In addition to the obvious challenge of funding, particularly for start-ups, retention of key individuals is often fundamental to the business and we often help in establishing share incentive schemes in such situations.
Exit planning is also key, with much shorter timescales than other sectors being the norm and again we work with owners from the outset to help maximise shareholder value.
The range of services we often provide include the following:
- R&D tax credits and patent box
- Share schemes for employees and tax reliefs for investors
- Financing/fund raising assistance
- Exit planning
- Mergers and acquisitions
- Tax compliance and planning
- Accounting and payroll services
- Statutory audit
- Personal tax planning for owners
The sector continues to attract wide interest from investors, including private equity.
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