For businesses that are undertaking innovative projects in science and technology you may be able to claim corporation tax relief for R&D. Similarly, for businesses that generate profits from patented inventions you may be able to pay corporation tax at a lower rate.
It is worth noting that these are government incentives to encourage ingenuity and to bring new products to the market.
At striveX we understand that these claims are an important part of a new businesses cash flow and that the turnaround time is vital. We are able to provide a 10 day turnaround on tax claims following the end of the financial year where we also carry out year-end accounts and company taxes. All claims are reviewed by our specialist to maximise relief and meet HMRCs criteria.
If you are a small company you may also be able to apply for Advanced Assurance. Advance Assurance is used to give companies a guarantee that any R&D claims will be accepted providing certain pre-agreed criteria are met.
Convenience and care are our core strengths. By focusing our services around these principles we have developed long lasting relationships with our clients. See below for how.
We want our clients to have choice and so we use all the major accounting packages to help them work with the best solution for their business.
We want our clients to be stress free, so we meet at their premises, respond promptly to queries and accept calls out of normal working hours.
We want our clients to receive a technical service, so all our work is signed off by either a qualified accountant, chartered tax adviser or tax specialist.
Most importantly, we take interest in our clients as we love what we do. We encourage regular and open discussions to avoid focusing on standard compliance and spend more time discussing development of their businesses.
QuickBooks Ask The Expert – Rachel!
We were over the moon that Rachel was asked the host Ask The Expert, a daily series run by Intuit QuickBooks to help small business own ...