Who would have thought that something as intangible as computer gaming would turn into a multi-billion pound export industry. The UK computer and video games sector makes a valuable contribution to our economy. Games made in UK studios generate global sales of around £1.7 billion a year, and contribute around £400 million per annum to GDP and at MHA Carpenter Box, and for companies based in the South East, we want to help to continue that success.
Along with our colleagues in MHA in Scotland and the North East, we work with games developers to make sure that they are as business efficient as they can be. As Chartered Tax Advisers one of the main areas in which we add real value is in tax planning.
Creative Industries Minister Ed Vaizey has said: ”Government is committed to supporting these creative and dynamic sectors by introducing tax reliefs for these industries,” Thus, the UK Government has plans to implement tax breaks for games firms, which should be in place soon. Our Tax Accountants will be looking to take full advantage of those tax breaks as soon as they are made available but we can do much more than that…
Our services to you:
- Help you manage your key cost centres and help to increase your margins
- Review how you presently manage your finances with a view to helping you cost save by migrating to a more efficient model
- Collaborate with you to help develop dynamic, adaptable and successful business models to get you to where you want to be
- Provide expert tax cost management and secure all available tax advantages both in terms of your business entity and the in terms of your development model
- Help you put together bespoke solutions to retain and reward your key employee talent
- Make sure your business remains entirely compliant with the changing financial, regulatory and statutory requirements both here and, where applicable, abroad through our international network
We will work to build a strong relationship with you whether you are a large studio, a start up or a micro-developer so contact Charlie Eve now for a chat about how we can help.