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How Accountancy Cloud helped Beam with Accounting, R&D and Payroll

Beam crowdfunds new career opportunities for homeless people, providing them a support network that extends from their in-house support specialists to the generous individuals who fund their campaigns.

The Challenge

Since launching in November 2017, Alex Stephany, founder of Beam, has grown a team of wonderful advisors, volunteers, and partners that work tirelessly to build scalable technology and services to change millions of lives for the better.

Alex knew there were R&D tax opportunities for Beam, but didn’t know how to make the most of them. On top of this, payroll tasks were taking up a lot of valuable time, that could instead be invested in growing the company and extending the awesome work that they’re doing.

How could Beam free up the valuable time spent on unraveling R&D claims, accounting and payroll responsibilities?

The Solution

After considering a number of tech startup accountants, Alex chose the services of Accountancy Cloud, because of their responsive, helpful and personable team of experts.

Accountancy Cloud understood the individual needs of Beam, and worked their accounting magic to make accounting, R&D claims and payroll a breeze.

The Result

Since establishing a partnership with Accountancy Cloud, Beam successfully completed the R&D process, making the most of the rewards available to them. In addition, Beam now has a seamless accounting process and payroll system that is reliable, simple and hassle-free.

“TAC has been a responsive and high-quality accounting partner who truly understand the needs of startups, from the day-to-day to more strategic advice.”
Alex Stephany, Founder of Beam
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Spotlight Results
  • Successfully secured R&D credits
  • Saved valuable time by using AC payroll services
  • Reduced the cost of their accounting by 30%

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