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. This can also be very damaging as a poor-quality claim means you expose yourself to a much greater risk of errors, enquiries, and […]

Back in the autumn, 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 at the […]

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 […]

If you are claiming (or have claimed) R&D tax relief, it’s important to understand the correspondence you might receive from HMRC and what to do next. Up to now, most applications for R&D relief result in money hitting your bank account, with little or no direct communication between you and HMRC. But times have changed. […]

More than 1.4 million businesses¹ in the UK have taken advantage of the government-guaranteed loans (worth over £62 billion) to support their cashflows during the coronavirus crisis. This is effectively “free money” for a 12 month period. In addition, many have used the C-19 Job Retention Scheme to ensure the very survival of their business […]

We are often asked this question; usually phrased something like: “I already have a Financial Controller who manages the data entry and provides good management information and I have my accountant when needed – so why do I need a CFO and what can they add?” So, what value does the right CFO bring to […]

Just before Christmas we learnt that the recently re-elected Conservative government will in April 2020 be raising the National Living Wage (NLW) by 6.2% to £8.72 per hour. To put this in perspective, this is 4 times the current rate of inflation. The driver of this is cited as pay stagnation – and many of […]