Accounting Services
Online Accounting


Business Planning
Company Formation
Raising Finance
R&D Tax Credits

SEIS/EIS advance assurance


Personal Tax Returns
Property Income
Capital Gains Tax
Entrepreneur’s Relief
Foreign income




Why Watermill

Accountant in Cambridge providing Business Planning support for startups

Business Planning

Investment focused business plans

Accountants in Cambridge providing Research and Development Tax Relief

R&D Tax Relief

Get cash back when you invest in R&D

Accountant partnering with Online Accounting Software

Cloud Accounting Software

To keep on the top of your cash-flow

 R&D Tax Credits

Get £33 for every £100 you spend on R&D

Accountants in Cambridge providing Research and Development Tax Relief

We have claimed R&D Tax Credits for 100% of our Eligible Customers

“With the R&D reclaim we recovered over £28k and great assistance during the corporate audit – the financial service we receive from Watermill Accounting is top tier.”

Martin Hao

CFO, Healthera

“To date we have recovered nearly £50,000, which has been invaluable in terms of cash flow, continuing to develop our R&D, employ additional consultants and strengthen our core business.”

Matthew Turner

Director, Goshawk Communications Limited

Deepti Agarwal

Managing Director

Dr Anurag Agarwal

Technical advisor


Sam Goodall

Bid Writer


                       Watermill Accounting interviewed on Cambridge TV Business Focus


Accounting and Finance for Entrepreneurs

An essential free workshop to help you maximise your revenue:

Should you register for VAT?
R&D tax credits - could you claim?
Ltd or sole trader status?
Auto-enrolment for pensions
Profit & loss and balance sheet

Wednesday 30th May
10:00 – 12:00
Future Business Centre, Kings Hedges Road, CB4 2HY


See what our clients say

Martin Hao

Working with Watermill accounting is indeed a pleasure. A series of very professional services conducted in a personal and customer-centric way. Especially, with the R&D reclaim where we recovered over £28k and great assistance during corporate account audit, the financial service we receive from them is top tier.
Healthera Ltd

Warwick Hawkins

Having been a career civil servant before starting my own business I had never had need of an accountant, so I was uncertain what to expect when I employed Watermill. I have been very impressed by the tailored and diligent service they have offered me. They talked me through what I needed to know about tax with great clarity, and my tax return was completed well within the deadline and accurately. To cap it all Watermill succeeded in getting me a substantial tax refund which I had no idea I was entitled to. They know their stuff and are a pleasure to work with.
Faith in Society

Julian Dudley-Smith

Watermill Accounting has proved to be an invaluable partner for us over the past 12 months. Patience in explaining accounting processes we transitioned between ERP software and guidance to maximise opportunities offered through R&D tax credits have made the management of these areas considerably less stressful and more fruitful than they would have otherwise been. There was a lot of cleaning up required concerning our historical accounting; Watermill took this in their stride.
Fluenta Solutions Ltd

Matthew Turner

Watermill Accounting initiated the idea for us to recover R&D tax credit, which our previous accountants had failed to make us aware of. To date we have recovered nearly £50,000, which has been invaluable in terms of cash flow, continuing to develop our R&D, employ additional consultants and strengthen our core business. We have found Watermill to be courteous, very professional and timely in the provision of advice, submitting and winning refunds on our behalf.
Goshawk Communications

Paresh Parekh

Watermill Accounting has been instrumental in helping set up our UK office and in drafting the financials for the acquisition of Intellectual Property in the UK. We have now outsourced all our bookkeeping, payrolls and R&D tax credit claims work to Watermill who has also been handling all our accounts and all compliance related work with regards to HMRC. Watermill is a conscientious accounting firm and has been quick and efficient throughout our association with them.They have a good team and are very accommodative.
Autofina Ltd

Watermill Accounting

Watermill Accounting Limited

Future Business Centre

Kings Hedges Road



Phone: 01223 781290


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