The Role of The Accountant in Start Up Technology Companies

Are you having difficulty in bridging the gap between being an Employee in the Tech sector and being self Employed?

Over the last number of years ,we have established an expertise in assisting “ Start Up Innovative Tech Companies “

Many of the Companies and it’s stakeholders are very similar in their Tech Skills and also their Business skills.

Typically, the Stakeholders in Start up Tech Companies are:

  • Experts in the Technology
  • Previously worked as Paye workers
  • Have very basic knowledge of running a business
  • Have minimal knowledge of Optimal Business structure
  • Have minimal knowledge of Taxation rules
  • Have minimal knowledge of Company Law
  • Have a basic knowledge of budgets and their preparation and implementation
  • Do not know how to claim grants that may be available
  • Do not know how to prepare a business plan, in particular the Financials of the plan


The above list is not exhaustive but is representative of the problems encountered by start up companies in the Technology Sector.

The Role of William Halpin & CO

Typically, we will engage in a consultation process with the Stakeholders. We will ascertain their requirements and then Design a “ Bespoke” Financial Plan which will assist the Company. We can assist in the following areas which are critical for Start up Companies
  • Business Structure: Sole Trader or Limited Company
  • Raise awareness of Company Law compliance issues ( CRO Submissions)
  • Taxation issues in respect of Business Structure : Income Tax, Corporation Tax
  • Bi Monthly VAT Returns, Monthly Paye / Prsi Returns
  • Assist with preparation of Budgets
  • Prepare detailed Management Accounts
  • Provide analysis of Monthly costs under each heading
  • Provide reports to Investors
  • Track Individual Project Costs
  • Track Research & Development Costs
  • Lead the Audit function if the Company is subject to a Statutory Audit each year. This involves liaising directly with the Auditors and their requests, thus ensuring that the Audit is completed in a timely & efficient manner

We can help new Start up Companies by allowing them to concentrate on their Business and not get tied up in Financials.


From our experience, this approach works.


William Halpin FCPA

William Halpin & Co.