The Chief Financial Officer (CFO) is often seen by the uninitiated as the company’s number-cruncher. True, they are responsible for overseeing the company’s finances, including accounting, budgeting, forecasting, and reporting. However, the CFO is much more than just a numbers person. They are also a strategic thinker, a problem-solver, and a leader and a general […]
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147. 5 Things You Could Do Instead of Hiring a Part-Time FD
Hiring a part-time Finance Director (FD) can be a great way to save money on your business finances. However, there are a number of things you can do instead of hiring a part-time FD that will save you even more money and give you more control over your finances. Here are 5 things you can […]
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146. How to Get the Most Out of Your Part-Time Finance Director
A part-time finance director (FD) can be a great asset to your business. They can provide you with the financial expertise and support you need to grow your business and help you to achieve your financial goals. However, to get the most out of your part-time FD, you need to be clear about your expectations […]
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145. HMRC enquires – Why do they happen and what are they?
Research & Development (R&D) tax-credit claims are being subjected to increased scrutiny (and in our view, with good reason). As a self-assessed benefit, HMRC have a duty to occasionally conduct compliance checks into R&D claims to ensure they are legitimate. These are known as ‘enquires’. As part of an effort to reduce fraud and error […]
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144. Choosing an R&D tax adviser: why cheap isn’t necessarily cheerful
Research & development (R&D) claim preparation is a technically-demanding process and potentially distracting to a business when they are not set up to produce the correct analysis of expenditure or supporting records. Update Sept 23: Especially as we now know there are 2 key process changes to be aware of. The first is the requirement […]
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143. Examples of Research & Development (R&D) for tax purposes
R&D for tax purposes comprises activities that use science or technology to overcome a clear and demonstrable limitation, or ‘uncertainty’, in a particular field. The end result could be new products, new systems, new devices, new processes and knowledge – or improving/building on what already exists. Examples of R&D R&D for tax purposes is purposefully […]
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142. R&D tax credits are changing – what you need to know now
Back in the autumn of 2022, Chancellor Jeremy Hunt announced his financial plans for the UK economy in 2023 and beyond. The proposed changes, set to come into force in 2023, seek not only to reduce the potential for error and fraud in Research & Development (R&D) claims but also to ensure the UK remains […]
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141. R&D tax credits: are you missing out on vital “growth” fuel?
If you have undertaken work (either in-house or for a client) which involves you creating new products, new processes, new knowledge, new devices or new services (or developing existing ones) then you may be eligible to claim R&D tax credits. This generous government incentive provides support to all risk-taking companies who use science or technology […]
Continue reading140. In 3 – Ten Years of Tectona Partnership
This month Tectona celebrates its 10th Anniversary. It has been an interesting (what an all-encompassing word that is!) journey with probably more downs than ups to be honest. Until the last 6 months, that is, where it seems the world has started smiling on us as the 10-year milestone came into sight. Running your own […]
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139. If you feel like you are spinning too many plates then this little tale might amuse you
In late November 2021 I had a most enjoyable day lined up with 3 meetings in the diary. Not the usual Covid fare of Zoom/Teams/Wonder but real, face to face ones. And to complicate things they were in different locations. So the plan was this: Coffee with Mike in Stroud (Sophie dropped me off) Lift […]
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