Tech businesses combine personal services income rules for individual contractors, R&D tax incentives for SaaS and product companies, share scheme accounting for startups with employees, and modern toolchain integration that older accountants struggle with. The mix changes as the business grows from one person to a team to a venture-backed company.
Add structuring decisions that have major tax consequences. Add the PSI rules that catch many contractors out. Add R&D claims that need careful preparation. The financial work behind a tech business is sector-specific and rewards specialist attention.
A general accountant can fall foul of PSI rules, miss R&D opportunities, or fail to handle share schemes correctly. Specialist tech accounting understands the contracting rules, the R&D incentive, and the modern operational rhythms of the sector.