Accountants for the IT Sector
Specialist accountants for IT professionals
At Highwoods Group, we’ve been working with IT companies for years, so we’ve seen the specific challenges businesses in tech face. Whether it’s dealing with project-based revenue, managing software development costs, or finding the best tax strategies for R&D claims, we’ve helped plenty of businesses just like yours handle it all.
We know that typical accounting doesn’t work for everyone, especially in an industry like tech. That’s why we offer tailored services designed specifically for IT professionals. From keeping your cash flow steady to planning for long-term growth, we’ve got your back.
Why choose Highwoods Group?
In-depth IT sector expertise
We’re not just accountants; we’re IT industry specialists. Our years of sector knowledge allows us to provide insights that go beyond the balance sheet. We understand the nuances of your business, which means we can spot opportunities that might be missed by generalists.
Proactive financial solutions
We don’t just look at the numbers once a year and call it a day. We stay on top of your financial health throughout the year, addressing potential issues before they become problems. Whether it's optimising costs or planning for growth, we're always thinking ahead.
Personalised support
When you choose to work with us, you’ll have a dedicated account manager who understands the specific needs of IT businesses, and who’s familiar with your financial situation. This means you can call on us, confident that we’ll provide advice tailored to your individual needs.
Real-time financial insights
Being tech enthusiasts ourselves, we know how important it is to have up-to-the-minute financial data at your fingertips. We integrate the latest cloud-based accounting software, giving you real-time access to your accounts, so you can make informed decisions fast.
Transparent and fair pricing
We believe in clear, upfront pricing with no hidden costs or confusing fine print. When you work with us, you’ll always know what you’re paying for, and more importantly, why it’s worth it.
Focus on long-term partnerships
We believe in building lasting relationships with our clients. As your business evolves, so do your financial needs. We’re here for the long haul, offering ongoing support that adapts as you grow, ensuring your finances keep up with your ambitions.
Why do IT businesses need a specialist accountant?
IT businesses have specific financial challenges that go beyond standard accounting practices. From managing complex billing cycles to understanding capital allowances for IT equipment and software, the right accountant can make all the difference.
The tech sector is fast-paced, with frequent contract work, and significant R&D spending. A general accountant might miss the fine details that could save your business thousands in tax reliefs or prevent costly mistakes down the road. At Highwoods Group, we have extensive experience in these areas, ensuring you stay compliant and maximise your financial potential.
Our accounting services for IT businesses
Some of the key services we offer IT businesses include:
R&D tax credits and tax planning
We’ll help you make the most of the tax reliefs available for your business. From R&D tax credits to capital allowances on equipment, we ensure you’re taking full advantage of the benefits the tax system offers the IT sector. Our goal is to minimise your tax bill while complying with all the current tax laws.
Project-based financial tracking
We understand that IT businesses often work on a project basis, with fluctuating income and expenses. We help you track project-specific finances so you always know which jobs are profitable and where you might need to make adjustments.
Business growth support
Looking to scale up? Whether you're thinking about hiring more staff or expanding your services, we offer strategic advice to help you grow sustainably. We’ll analyse the financial impact of your decisions and guide you through the complexities of securing funding or investment.