Accountancy Support
Tech Start-ups
With our experience in accountancy support, we know what is required to get your tech product or service to market. We can provide all round support of running and growing your new business. In the initial stages, we can advise whether to be a sole trader, self-employed or to start a limited company, and explain the differences and benefits of each. We understand the options open to tech and software start-ups and can guide you to a successful business model.
Funding and Investment for Tech Start-Ups
With Tech start-ups, in particular, there is a lot of back-end development. There are funds available for this type of business and we can help you get the most from them. Research and Development grants are perfect for Tech Start-ups. We can show you how to effectively keep records to get the most out of your R&D claim.
Professional Services
Our specialist team helps professional services businesses like yours to maximise opportunities, determine a clear strategy for growth, manage change efficiently and successfully, and minimise risk. Every professional practice is unique, with a continually evolving set of needs.
Our expertise spans a range of professions, including solicitors, barristers, business consultants, architects, surveyors, veterinary (vets), environmental consultants, architects and last but not least arbological consultants – so you can be safe in the knowledge that we understand your business and can overcome the challenges you face.
Gaming
It is fast paced, interactive, progressive and at the forefront of development. It’s why we love the industry and the creatives who keep it going. As a gaming creative you don’t need waste your time on all the nuances of accounting – let us take care of all that for you. We can advise on innovation (R&D) tax reliefs and creative industry schemes, such as the UK Games Fund, that can be a useful source of finance.
UK Gaming Accountancy Support
We understand how important the development stage is to the games industry. There are schemes that can help such as the UK Patent Box Scheme which can have an impact on corporation tax.
Property Development, Construction & Trades
Supporting building and construction companies of all sizes across Powys, Shropshire, Cheshire and the West Midlands, we have considerable experience in this sector.
In addition to all the core accountancy, audit and tax services, we also provide guidance in relation to the complex CIS (Construction Industry Scheme) payments and reimbursements.
When it comes to building support trades such as plumbers and gas technicians, electricians, carpenters, plasterers, builders and other individuals or subcontractors, we’re also able to help these often small but growing companies keep their finances on safely on track.
Cryptocurrency & Crypto Tax
What is a cryptoasset or cryptocurrency?
A cryptocurrency is a type of cryptoasset which shares many similarities with other currencies. You have fluctuating exchange rates that are driven by the market.
Most cryptocurrencies use blockchain technology and some are built around different platforms.
Crypto tax in the UK
Anybody who resides in the UK and holds cryptoassets will be taxed on any profits made on them. This tax is Capital Gains Tax (CGT), meaning you pay tax on the difference between what your cryptocurrency cost you, and how much you sold it for.
You only have to pay Capital Gains Tax on your overall gains above your tax-free allowance (called the Annual Exempt Amount). The Capital Gains tax-free allowance for 20/21 is £12,300.
Agricultural and Farming
At Welch & Ellis Accountants we understand the demands placed on farmers and we’ll help you spend more time on your farm and less on your books. With our experience in farm accountancy we recognise agricultural terms and processes that will often baffle other accountants. We know it is often difficult to get away from the farm so we are happy to visit you to collect paper work and discuss changes and future plans.
Holiday homes, Furnished Holiday lets, Glamping
Welch and Ellis specialise in advising on all accounting and tax aspects of Property Investment and in particular Holiday Homes.
We act for clients with holiday properties in the UK and abroad letting a variety of holiday homes including flats, terraces, cabins and substantial detached properties.
We provide fixed cost solutions both for those new to the sector and for seasoned campaigners with substantial property portfolios.
Engineering
Engineering contractors are always in demand, even in times of economic downturn, as major infrastructure construction and maintenance projects still continue.
Welch and Ellis offer a tailored accountancy service for engineering contractors and our specialist all-inclusive accountancy services help a wide range of people including civil, mechanical, process, electrical and design engineers, from a diverse range of industries such as nuclear, renewable energy, aerospace, rail and oil & gas.
Care Providers – Your business is our business
We not only deliver traditional accountancy services but offer expert guidance and practical assistance on improving operational efficiency – this may include identifying ways to generate income from assets and services and cashflow projections;
capital allowances – advising on plant, machinery and fixture allowances and how to claim your entitlements tax efficiently.
We also provide guidance on Care Quality Commission regulations in relation to planning for the associated costs of compliance and introducing specialist legal professionals that we trust to help manage your legal risks.
Consultancy services with our dedicated industry experts to deal with structural changes, succession planning, CQC report response, and fees assessment.