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 macroeconomic aims.
However, in an increasingly complex and competitive global market, small businesses can find it difficult to make the right decisions and act strategically if they lack the right foundations and systems or access to the right advice.
Our Key Accounting Services for Developers
At Approved Accounting, we are experienced in providing key services that every small, ambitious developer needs to enable growth. We can provide the valuable support you need through the key phases of your business lifecycle, whatever stage you are at.
- Incorporation and company structures
- Planning, forecasting and modelling
- Fundraising (including SEIS/EIS)
- Specialist tax reliefs – Research & Development (R&D), Video Games Tax Relief (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 ensure 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, marketing and so on. Approved Accounting offers high-quality solutions for outsourcing your finance department, and we can also provide you with Financial Director services to complement this model.
Technology-Focussed Accounting
As a technology-focused business, employing solutions for tech developers comes naturally to us. Accountants sometimes have a reputation for being old-fashioned and slow to adopt change, but Approved Accountants couldn’t be further from that stereotype.
We are always looking for new and more intelligent ways to employ technology to reduce human workloads, increase efficiency, improve data accuracy and create time savings. That way, we can be more accessible to our clients within their chosen budget and service level.
We aim to be head and shoulders above our competitors by concentrating on the areas where we can really make a difference to your business and, in doing so, ensure our service has a genuinely positive impact.
Levels of Service
There are a number of levels of service we can offer, covering some or all of these areas:
- Bookkeeping
- Sales invoicing/ledger management
- Invoice processing/purchase ledger
- Payment processing
- Management reporting/KPIs
- VAT (including international trading)
- Payroll
- Workplace pensions
- Cashflow monitoring/forecasting
Plus specialist services, such as:
- VGTR / R&D claims
- Fundraising / 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.
