Accounting for Startups

Accounting for Startups: Accounting for startups requires an understanding of the dynamic nature of young companies. Startups operate in a fast-moving environment where decisions must be made instantly and flexibility is key.

That is why we offer express financial reporting in the formats required by investors, allowing the financial health of the company to be monitored on an ongoing basis. Cash flow management is also key, as liquidity is the foundation of any startup’s stability. Our services include cash flow monitoring, which helps avoid unexpected liquidity problems.

It is also important for startups to optimise costs, including payments to employees, in order to effectively manage investors’ funds and avoid their rapid depletion. In this context, tax credits and appropriate tax planning play a key role.

Tax reliefs available to startups:

Research and development (R&D) allowance: Allows for the deduction of costs related to R&D work, which can significantly reduce tax liabilities.
IP Box relief: For income from qualified intellectual property rights, which is particularly beneficial for technology companies.
Reduced CIT rates: Startups can benefit from lower CIT rates for small businesses, which helps to minimise tax costs.

Additional advantages of our office:

Working on accounting software required by investors: We use software such as Xero, which is preferred by many investors and provides transparency and ease of reporting.

Multilingual team: we offer support in English, Russian and Ukrainian, which is particularly important for those working with foreign clients.

Our accounting office offers comprehensive support in identifying and utilising available tax credits, allowing you to manage your finances effectively and maximise your profits. Thanks to our experience, startups can focus on innovation and growth, confident that their accounting is in good hands.