R&D TAX RELIEF
R&D TAX RELIEF
Research & Development (R&D) tax relief is a government incentive to reward businesses that are developing new or improving existing products, processes, services, devices and materials or advancing the state of knowledge in their sector, in order to remain competitive in the market.
According to HMRC R&D Tax Credits Statistics show that a significant proportion of eligible companies have not made submissions.
What is required for a company to be eligible for R&D tax relief?
- Must be an entity subject to UK Corporation Tax
- Must be a ‘Going Concern’ at the time the claim is made (SMEs only)
- It doesn’t matter whether the company is making a profit or a loss
- Relief is calculated based on expenditure incurred in the company accounts for each accounting period
services
BOOKKEEPING
Our bookkeeping reports will give your management team the key financial information needed to run a business.
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Whether you are looking for a cost-effective alternative to employing an in-house bookkeeper or for additional expertise.
PAYROLL & PAYE
Paying your staff correctly and on time is essential to keep your team and the taxman happy.
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If you are running a business, finding the time and resources in-house to handle increasingly complex payroll issues can be a real challenge.
VAT RETURNS
Value Added Tax (VAT) can be a challenging issue for many businesses, which end up paying too much or too little VAT.
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We can help you with many complex VAT issues as well as dealing with the more routine areas, such as VAT registration and preparation of VAT returns.
ACCOUNTS PREPARATION
Annual accounts are an essential part of keeping businesses compliant, but they have the potential to offer much more.
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As we understand you and your business – and all the complexities of accounting and taxation, We prepare your accounts in the context of your business’s needs and the bigger economic picture.
COMPANY SECRETARIAL
Our service gives you peace of mind that your obligations will be met in a timely and efficient manner.
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For new businesses, we provide a fast, cost-effective company formation service, which we can combine with company secretarial services.
TAX RETURNS
We offer an efficient and comprehensive tax compliance service. We can prepare your personal or company tax return, carry out any necessary calculations.
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Millions of individuals and businesses are required to complete tax returns each year, which must be submitted to HM Revenue & Customs (HMRC).
MAKING TAX DIGITAL
We are taking a proactive approach to new changes to ensure businesses are prepared for the challenges ahead with our online accounting software.
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By 2020 all businesses and individuals will have access to an online digital tax account under proposals put forward under the Making Tax Digital Campaign.
CLOUD ACCOUNTING
We offer web-based cloud software for you to manage your accounting online. It allows you to work securely whenever and wherever you want.
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Sage One: A revolutionary cloud accounting software for businesses. Stay on top of finances & experience hassle-free invoicing with Sage One.
BUSINESS FUNDING
We have access to over 100 UK lenders enabling us to choose and compare the most competitive and suitable type of funding for your business needs.
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You will not need to worry about the hassle of submitting numerous applications to a range of lenders and banks, you can leave that to us as we take care of the entire process.
PREMIUM DEBT RECOVERY
In the UK a large number of businesses suffer in collecting monies from their customers, we can rid you of this problem by recovering any bad debts.
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If you have an invoice or contract above £1,000 (or a range of invoices/contracts totalling £1,000 for a particular customer) and all traditional collection methods have been ...
MANAGEMENT ACCOUNTS
It’s essential for a business to make key business decisions on recent and updated financial data.
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Management Accounts can help you with planning, controlling and improving efficiency so that higher profits are generated for your business.
INTERNATIONAL TRADE
If you are a UK company selling goods or services overseas or an overseas company providing services or goods to the UK then you have come to the right place.
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We have a variety of international trader clients whom we assist for their accountancy and tax needs, moreover if needed be our accountant partners in several EU countries can help you with compliance in their respective EU countries.
BUSINESS CREDIT IMPROVEMENTS
Credit improvement does what it says on the tin. Accountancy Assist can help those with poor business credit ratings to repair their score and create ...
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Accountancy Assist, through our partners, have agreements with five main credit agencies to enable more access to a comprehensive and detailed credit review.
R&D TAX RELIEF
Research & Development (R&D) tax relief is a government incentive to reward businesses that are developing new or improving existing products, processes, ...
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According to HMRC R&D Tax Credits Statistics show that a significant proportion of eligible companies have not made submissions.
GRANTS APPLICATIONS
Grant funding has the ability to unlock projects and significantly accelerate project timeframes.
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When a business has a specific project that they are looking to start that is innovating and disruptive, it's a key time to explore the grants available in the market.
CONSTRUCTION INDUSTRY SCHEME (CIS)
We at Accountancy Assist provide specialist CIS accounting services to limited companies, sole traders and partnerships.
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Below are some of the services we provide to construction industry scheme businesses.
FEE PROTECTION INSURANCE
Fee protection insurance protects businesses against an increasing number of HMRC enquiries.
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For businesses, HMRC investigations can prove a real headache. For your business, an unexpectedly large bill can put a strain on you.
