App and Video Game Developers
The app and gaming industry is worth billions to the UK economy and growing all the time. But for every huge multi-national publisher, there are thousands of small, owner-managed companies, ranging from startups developing a new idea or looking for funding to established small or indie game developers with a successful product or area of expertise.
The UK Government wants developers to thrive in an environment created to reward innovation and nurture a highly-skilled workforce to compete on the global stage. To facilitate that, the UK tax system has a number of key features designed to help support those macro-economic aims.
But in an increasingly complex world where markets are global and the need to keep up with competitors is absolutely crucial, small businesses can find it difficult to make the right decisions and think strategically if they don’t have the right foundations and systems in place, or access to the right advice.
Our Key Accounting Services for Developers
- Incorporation and company structures
- Planning and forecasting and modelling
- Fund raising (including SEIS/EIS)
- Development (specialist tax reliefs – R&D/VGTR)
- Trading: accounting systems, tax planning, cashflow management, KPI reporting
- Exit planning
Efficient Accounting Systems
As with any business, it is important to develop an efficient system and ensuring you have the right data to run the business effectively and strategically.
This begins with protocols for efficient data capture, integrating systems to share data, and utilising automation wherever possible.
It is often a logical and very sensible step to outsource the whole finance function in a small business, typically where the owners’ time is most valuably spent concentrating on product development, sales and marketing and so on. Approved Accounting offer high quality solutions for outsourcing your finance dept, and we can also provide you with Financial Director services to complement this model.
Technology-Focussed Accounting
We are always looking for new and more intelligent ways to employ technology to reduce human workloads, increase efficiency and accuracy of data, and create time savings which are used to increase the amount of advisory and support work we’re able to do for our clients within their chosen budget and service level.
We aim to be head and shoulders above our competitors by recognising and concentrating on the areas we can really make a difference to your business, and in doing so ensure our service has a genuinely positive impact.
Levels of Service
- Bookkeeping
- Sales invoicing / ledger management
- Invoice processing / purchase ledger
- Payment processing
- Management reporting / KPIs
- VAT (including international trading)
- Payroll
- Workplace pensions
- Cashflow monitoring / forecasting
- VGTR / R&D claims
- Fund raising / EIS / SEIS
- Tax strategy planning
- Remuneration strategies (for teams and owners, eg holding companies, EMI etc)
- Ownership structures and exit planning
Contact Approved Accounting
Whatever your company’s needs, we’re confident that we can offer the level of support and advice your business needs and deserves, and form a long and successful working relationship.
Get in touch today to find out what we can do for your app or video game business!
