17 Apr 2020
If your business has been affected by the coronavirus outbreak, there's several ways that HJS Accountants can support you right now.
Efficient applications that get positive results
We can help with government grant applications, Coronavirus Business Interruption Loan applications, and looking into alternative finance options.
We will work with you to speed up the application process by going through the business plan, the budgets, financial forecasts and reviewing the management information prior to presenting to the banks.
Contact accountants@hjssolutions.co.uk for more information.
Research and Development tax relief
Are you aware of research and development tax relief? Perhaps you believe that this is only available to technology companies? Well, you'd be wrong!
There are different funding & tax credit options available for small businesses, depending on the type of work being completed and size of the company. Either way, the options available could be a great way to get an injection of cash directly from HMRC.
For example, the SME R&D relief allows companies to:
- deduct an extra 130% of their qualifying costs from their yearly profit, as well as the normal 100% deduction, to make a total 230% deduction
- claim a tax credit if the company is loss making, worth up to 14.5% of the surrenderable loss
For full eligibility criteria and to discuss if you have an R&D claim, contact Kate Cooper kate.cooper@hjssolutions