Feedback from our attendees


“Really friendly and informative experience. It really opened my eyes to all the different aspects that go into accounting.”

Kyle Hewpert, Dataconnectivity

“Great free workshop with indepth insights into finance and taxes for someone like me for who this is completely new to this, as I am thinking about starting a company.”

Santhy Tamang

“Very comprehensive covers the basics but allows us to ask very specific questions.”

Cindy Angrennia

“A very useful session that clarified a few areas for me.”

John Miller, Compliance Fire Safety

Watermill Accounting – Your Trusted Business Partner

Watermill Accounting helps SMEs and startups in Cambridge and the surrounding areas with all their finance and accounting requirements.  Our focus is in helping you maximise your revenue and freeing up your time to concentrate on your business.

  • Reliable Accounting Services

Get everything you need completing for Companies House. Incorporate your company, submit your annual accounts to Companies House and pay HMRC any corporation tax.

  • A great deal on R&D Tax Credits 

Unlike other R&D specialists and accounting companies, we only take a small amount of your claim as a fee.

  • Personal Tax Return – freeing up your time

If you are a director of a limited company, we free up your time and complete your return.

  • Auto-enrolment for Pensions – get the best for you

Get a report comparing 6 pension providers so you can choose the right one for you.

  • Payroll Services

We take the pain out of organising the payroll for your employees.

  • Monthly Accounting Services

Supplier payments, bank reconciliations, monthly management accounts,  cash flow forecast, trends analysis, receipt recognition app and Xero accounting software.


Consultation and advice on tax saving schemes such as Seed Enterprise Investment Scheme/Enterprise Invetment Scheme.

Why use Watermill Accounting for R&D Tax Credits?

Only 2% of eligible businesses in the UK claim R&D tax credits. Watermill Accounting, on the other hand, has helped 100% of its clients eligible for R&D tax credits to claim back cash.

Our clients are receiving more money than most other claimants in the UK as the percentage that Watermill Accounting charges are less than other R&D firms and on a ‘no win no fee’ basis. This means businesses have nothing to lose.

What is the definition of R&D activities?

R&D is classed as researching or developing a new product or improving the functionality of an existing product or service. For more details and for a one to one review of your activities, book a free consultation with Deepti, our specialist.


Join our richer clients

“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.”

Matthew Turner

Director, Goshawk Communications Ltd

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.

Julian Dudley-Smith

Director, Fluenta Solutions Ltd


” We were very pleased to receive a tax refund from HMRC. We used the money to purchase measurement equipment, which allows us to attract new customers and undertake some ground-breaking research. The Watermill Accounting team provided a valuable contribution in obtaining R&D tax credit and dealing with HMRC.”


Director, DZP Technologies Ltd

Healthera logo

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

Martin Hao

CFO, Healthera Ltd