Spring Clean Your Company Finances Ahead of the New Tax Year
As the new tax year arrives, it is easy for many companies to leave their finances until the last minute. It is important to ensure you keep on top of your finances to move into the new tax year with ease and potentially save hundreds of pounds in the process.
Here at Momentum, it has been a hugely successful financial year for our clients. We have made the claiming process as seamless as possible and as a result, allowed our clients to reinvest back into their business.
Every business wants to see economic growth in the financial year ahead. Therefore, our specialist R&D team has shared its financial spring-cleaning to do list. Offering expert advice on how companies can achieve financial success through R&D Tax Credits.
We would advise all businesses who are preparing for the new tax year to seek specialist advice in relation to R&D Tax Credits. Many businesses think that R&D Tax Credits do not apply to them and therefore, miss out on this financial opportunity. We work with clients across a wide range of sectors including, manufacturing, engineering, construction, technology, food and drink and creative industries, the sectors R&D Tax Credits apply to is endless and your business could be missing out!
The perception of what qualifies for R&D Tax Credits is usually only a fraction of the reality that lies beneath the surface. The challenge is to identify the true potential and optimise the results. Companies will be able to claim R&D Tax Credits from projects and activities that seek advances in science or technology. If you are facing regular challenges in your attempt to be competitive in your sector, then you could be undertaking research and development (R&D) and be entitled to relief.
We would also encourage companies to do their due diligence when it comes to seeking specialist advice on R&D Tax Credits. It is important that companies hire a credible advisor in order to claim everything they are entitled to and fully optimise their R&D Tax Credit potential. We pride ourselves on providing the highest level of standards to every claim, resulting in a 100% success rate across more than 800 claims, with over £125m in R&D tax relief approved.
Now is the ideal time to ‘spring clean’ your finances and meet your company goals for 2019.
For more information on claiming R&D Tax Credits call our specialists on (028) 9140 4030 or follow us on twitter @Momentum_RandD