With thousands of happy company clients, we have truly learnt what businesses want. Our expert tax consultants are determined to ensure you receive every legitimate allowance, deduction and exemption you are entitled to.
Corporation tax regulations and reliefs are continuously changing. We make it our business to stay on top every change, opportunity and problem, so that our clients are ahead of the rest. As a client of Bambridge Accountants you can expect expert technical guidance that is focused on saving you money and keeping you in accordance to tax regulations.
Many who are required to pay corporation tax will also be subject to VAT. Our expert team of accountants love what we do. Through our years of expertise in tax we have helped thousands of clients save thousands and thousands of pounds of their hard earned money. VAT is often an overwhelming and confusing area for self-employed workers and businesses. Our specialist team will keep you inline with all relevant statutory regulations, while ensuring you are not paying a penny more than you have to.
RESEARCH & DEVELOPMENT TAX RELIEF
Research and Development (R&D) relief is a corporation tax relief that may reduce your company or organisation's tax bill.
There are still companies not claiming this hugely valuable tax relief, or not taking its full benefit.
R&D covers companies in virtually every industry which are undertaking some form of innovation; this will include companies operating in the software, internet and communications fields.
From April 2012, the tax relief on allowable R&D costs is 225 per cent - that is, for each £100 of qualifying costs, your company or organisation could have the income on which corporation tax is paid reduced by an additional £125 on top of the £100 spent.
Alternatively, where a company is lossmaking, the R&D tax relief can give rise to tax repayments of as much as 25% of the cost, even where no corporation tax has ever been paid. This can help the start up with cash-flow which can be used to fund further R&D.
Companies are missing out on claiming R&D relief because they do not fully identify those activities or costs which qualify for the relief. If you would like to find out whether and to what extent your company and activities are eligible, please do get in touch with us.
Our team of expert accountants are experienced with a huge range of accounting software and are proficient in managing a portfolio of work which requires reporting to various deadlines. Our years of experience have lead to the development of accurate and organised processes that limit against any errors on your financial documentation. Each client has a dedicated bookkeeper who oversees and manages processes to ensure that you receive a premium bookkeeping service.
UK TAX RESOURCE
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London, England, WC2E 8PS