Research and Development Tax Credits
In 2000, the government introduces its first Research and Development Tax scheme designed to encourage scientific and technological innovation within the UK. Quite simply its intention is to reward those companies who are trying to improve via their technical work. You don’t even have to have been successful – failed projects can also qualify.
The bottom line is that the SME R&D Tax credit scheme is a generous government-backed tax relief that could significantly reduce your company’s tax bill or you may receive an payable tax credit. The additional Research and Development Expenditure Credit (RDEC) scheme was introduced later to cover the larger or more complex companies.
With both schemes, the money is returned to you effectively tax free and can be paid as a corporation tax refund or tax offset which can be used for anything. Such as hiring additional developers, buying equipment, or even paying dividends. How will you spend yours?
Our in-house specialists will guide you through this whole process from start to finish. Contact us and we’ll let you know if and how you qualify.
Management Accounting & Finance Support
Our company founder has built up over 15 years corporate level management accounting experience working at companies including BG Plc, Ford Motor Company Europe, and Santander Banking Group.
Our specialist Chartered Management Accountants help businesses with multi-million turnovers with, but not limited to:
- Devising balanced score cards
- Creating 3-year plans
- Building and implementation of key performance indicators
- Performance forecasting and variance analysis
- Cash flow forecasting
- Funding options
- Pricing strategy
- Investment appraisal
Clients can outsource their Finance function to BC&A. For a typical client this would include us raising their invoices, setting budgets for 1-3 years, and controlling their income and expenses through monthly cash flow forecasting and variance analysis versus actual spend. We help the CEO and board make informed financial decisions on a timely basis.
If required, we can also provide an interim finance director role.
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