Game/app development is a creative and exciting industry. With the help of our chartered accountants you can stay on top of your requirements and focus on your projects.Get Started
Why do game/app developers need accounting support?
The UK video game sector has sky rocketed in recent years, with rapidly evolving business models and innovation helping it to become one of the most successful game exporters in the world. Not only has this led to a huge increase in value in the UK game industry, but it also has resulted in more and more businesses getting started in this industry.
Creating, developing, and launching your game/app takes a lot of time and focus, the last thing you need is to try and juggle your accounting and tax at the same time. As a team of specialist accountants for games development we can take the stress of your accounts off your shoulders, so you can focus on making your game a success.
We can help with all your financial needs and become your reliable, long-term accounting partner. When working with us, you can have full peace of mind that your tax and financial requirements are met, efficiently, and accurately.
How can our accounting services help you?
Jan McDermott Chartered Accountants have many years’ experience as accountants for independent game development and specialise in various areas of tax and accounting that can be beneficial to you. We understand the demands and high amount of work that goes into game and app development and that’s without throwing accounting and tax obligations into the mix.
Staying on top of bookkeeping, meeting tax deadlines, checking your tax submissions are accurate, and making the most of your tax allowances are just some of the ways Jan and her team can help you. See some of our specific services below.
Video games tax relief
As part of the video games development industry, you could claim back 20% of your production costs in the form of a tax rebate with a government funded relief incentive that was introduced specifically for creatives.
R&D tax relief
Our team can help you claim research and development tax relief credits if you meet the eligibility criteria. R&D is very broad and can be carried out in any industry, especially a creative one like game development. This means you could qualify for the relief in the form of a corporation tax deduction or HMRC cash payment.
Corporation tax is the main type of tax that all registered businesses in the UK are required to pay. Normally, it has to be paid within nine months of the accounting period and your tax returns need to be filled out accurately. This is something our chartered accountants can help with.
PAYE (pay as you earn) is a key part of many businesses, whether you have 1 employee or 100. It’s how HMRC collects income tax and national insurance from your employees, but it’s your responsibility to make the deductions. Using an experienced and knowledgeable accountant is important in making sure this is done right.
How We Can Help
Unlimited professional advice
Your dedicated game development accountant from our team will be on hand to answer questions and offer advice to support your business growth and development.
The personal touch
When you’re one of our clients we will get to know your business in detail to understand your challenges and help you overcome them with a warm and friendly approach.
Real-time data anytime you need it
Our financial capabilities mean you can have access to real-time financial data and key figures so you can confidently take your game/app development business to the next level.
They provide us with a fully outsourced finance function so that our own team can focus on our business. They implemented Xero software from day one of the company meaning that we have real-time visibility of our business at all times, The monthly management accounts meetings we have with Jan really add value to decision-making and strategic planning and we wouldn’t be without them.
Their professionalism, expertise and client care are outstanding and they have supported our growing business no end. They look after everything from our bookkeeping, VAT, annual accounts, as well as claiming Research & Development tax relief, preparing budgets and forecasts and assisting with grant claims. The whole team are always responsive, friendly and reliable and we wouldn’t hesitate to recommend them to anyone looking for a trustworthy and efficient firm to look after their business finance requirements.
I moved my accounts over to Jan at the beginning of the year and have been extremely impressed with her attention to detail and precision. She’s made it easy for me to understand and manage all the key aspects of my accountancy, as well as offering useful suggestions of ways to improve and make things work more efficiently for me and my business. I’d highly recommend Jan and her team to anyone looking for professional, friendly, and reliable accountants that truly get to know you and offer a tailored service.”
Jan McDermott & Co have been our accountants for over 15 years and have not only ensured our accounting records are accurate and legal, but also provided us with first class advice to help us grow. They recommended our move to Xero accounting software which has revolutionised our business, allowing us to create predictable income through the use of Go Cardless Direct Debits, and streamlining our day to day accounting operations. Jan and her team are friendly, easy to work with and take time to understand a particular problem or situation. I wouldn’t hesitate to recommend them to any business that wants an accountancy firm they can grow with and depend on.