Our Technology sector approach
Menzies technology team advise a wide range of tech businesses from scale-ups to multinational operations, from software platforms to space tech. We work closely with our clients to find solutions to industry issues, utilising our expertise in everything from business strategy and corporate finance, to audit and tax advice.
As a team, we ensure we work closely with the C-suite team to ensure the mission of the business is understood, and then look to support the growth plan with strategic advice combined with tax efficiency looking at all areas from seed capital to exit strategy.
Key challenges in the sector
The UK’s technology sector is thriving, continuing to be one of the fastest-growing sectors both in the UK and worldwide. Being innovative by nature, technology businesses rely on funding to succeed in developing products for today’s markets and those of the future.
With many sectors continuing to progress through the digitisation journey, and the drive to integrate AI across existing platforms, the marketplace looks to continue to grow. Whilst underlying reliance on tech giants is a factor, the dawn of Co-Pilot has accelerated many software products.
Key challenges to growth include a shortage of resource and skilled workers as well as access to growth capital.
The UK provides tax incentivises for investment in innovative start up and scale up businesses, ranging from the Enterprise Investment Scheme to Research and Development Tax Relief. However, UK tech businesses find it much harder to access investment to grow to the next level without losing independence.
Is your business valuation supporting your growth journey?
Download our latest guideWhat’s impacting Technology
Access our insightsOur Insights
How to go global in the tech sector
Sam Goodsell – Director The key to going global in the tech sector is both…
Equity incentives in the technology sector
Retention is a key issue for businesses operating in the technology sector, both because of…
Understanding Tax Savings for UK Tech Firms
The guidelines governing capital allowances underwent a revision this April, following the termination of the…
How to master financial forecasting for tech companies
With technology’s fast-paced and rapidly evolving landscape, financial forecasting can prove challenging for many tech…
What is the Bitcoin Halving 2024?
We have all heard of Bitcoin – Some of us invest in it, some trade…
The continued push for Cryptoasset Clarification
As the Cryptoasset and NFT space continues to grow and evolve, us as tax advisors…
Cryptoasset Reporting 2024: What do cryptoasset investors need to know?
April 2024 will see tax changes affecting cryptoasset reporting to HMRC come into effect. The…
Cryptoasset: What Does HMRC View As Trading?
With HMRC’s latest updates to their cryptoasset manual in February 2022, the days of it…
Navigating FRED 82: Considerations for tech companies
On 27th March 2024, the FRC has issued amendments to UK GAAP. This follows extensive feedback…