We offer a fast, efficient and cost-effective service. We prefer to work in the Xero environment which allows us to integrate your accounting ledgers with software that produces year-end accounts and tax returns in a seamless automated manner.
We prepare Year End Statutory Accounts and look after Companies House filings. We aim to keep your business compliant with the minimum of fuss.
We take care of the Annual Tax computations and HMRC submissions. We aim to make sure you adhere to all the deadlines while paying the right amount of tax after taking advantage of all available reliefs.
Cloud Accounting is now the norm for SME’s and offers many benefits:
Using technology to automate routine accounting and saving time and cost in the process.
We can provide systems to automate data capture, approvals and authorisations, expenses, payments, multi-currency transactions and much more.
Does your business need finance for working capital or capital expenditure?
We can help with funding applications and negotiating terms. We have access to an extensive range of funding options.
We partner with Swoop Funding giving access to an extensive range of Funding options over 1,000 potential providers, and can also identify savings through smart open banking technology.
R&D tax credits are a tax relief designed to encourage greater R&D spending, leading in turn to greater investment in innovation. They work by either reducing a company’s liability to corporation tax or by making a payment to the company.
Last year HMRC received over 50,000 claims resulting in over £4 billion of R&D tax credits. SMEs are able to claim up to 33p for every £1 spent on qualifying R&D activities. The average claim made by SMEs in the UK is well over £50,000.
We have an excellent track record on R&D tax credit applications. We can also arrange Advance Funding for R&D refund claims.
The Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS) are two of a number of UK government initiatives which encourage innovation by granting private investors a significant tax break when investing in early stage, ‘high-risk’ companies. There are certain conditions that both the investor and the investee company must meet to qualify for these
SEIS is focused on very early-stage companies, and allows an individual to invest up to £100,000 per tax year (lifetime cap of £150,000) and to receive a 50% tax break in return. The investor will also benefit from a capital gains tax exemption on any profits that arise from the sale of shares after three years.
Under EIS an individual can invest up to £1 million per tax year (lifetime cap of £12m) and receive a 30% tax break in return. As with SEIS, the investor will also pay no capital gains tax on any profit arising from the sale of the shares after three years.
There is also an enhanced form of EiS for Knowledge Intensive Companies (KIC’s) which increase the individual and company investment limits. We help clients secure investment under the SEiS and EiS schemes.
If you need to set up share schemes for management or employees we can assist with the scheme structure and obtaining the necessary HMRC approvals.
The most popular share scheme is the Enterprise Management Incentive (EMI), is a tax-advantageous share options scheme. It is mainly used by small to mid-sized UK businesses looking to share their successes with their team as their company grows.
If you’re sharing ownership with your employees, an EMI share scheme makes a lot of sense because of its tax efficiency. EMI options schemes are relatively flexible and give the ability to set conditions for recipients, including performance or length-of-service milestones.
We have set up a number of these schemes and deal with all the administration aspects including getting HMRC approval for share valuations, setting up scheme rules and option agreements, dealing with scheme roll out and employee engagement and managing the HMRC reporting obligations.
Profit is important but cash is king! We can provide systems and support to monitor and improve your cash flow.