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Welcome to the Blog

Lastest on the blog

Are you sat on secret R&D?
Uncategorized

Even though you already claim R&D Tax Credits, there’s every possibility your company could be sat on ‘secret’ R&D. But what do we mean by ‘secret’ R&D? Well, we often come across clients that have developed or built a product, process or service specifically for themselves without recognising that what they are doing is research […]

Pete Freeman

November 1, 2023

Can I claim R&D Tax Credits & Patent Box Relief?
Uncategorized

If you are claiming R&D Tax Relief and you have invested in patents or other equivalent Intellectual Property, you might be eligible for another cheeky tax relief known as Patent Box Tax Relief. Like R&D Tax Relief, Patent Box Relief is an incentive designed to drive UK companies to innovate, but with the specific intention […]

Pete Freeman

October 2, 2023

Budgeting and managing cashflow
Budgeting

If you want to stabilise your finances and grow the business, working to strict budgets becomes a necessity. Managing the cashflow twists and turns of a project can be hard work. But it’s easier to do when you have an agreed budget and can track your spending and performance. So, what’s the best way to […]

Pete Freeman

September 8, 2023

Why getting expenses right is crucial for a successful business.
Expenses

When it comes to business finances, expenses just sort of…come with the territory. Often playing second fiddle to profit, revenue and margins, they’re rarely seen as a contributor to the overall success of a business. The thing is, how you manage expenses can seriously impact profitability. When you don’t claim allowable expenses, or spend business […]

Pete Freeman

September 6, 2023

Stretching the boundaries of expenses is risky in more ways than one.
Expenses

We all know when you’re in charge of a business, you’re also in charge of your own taxes.  Ultimately how much you pay comes down to what you say on your return. Whereas the majority of business owners play by the rules, and won’t abuse the opportunity to pay less than they owe, there’s always […]

Pete Freeman

September 4, 2023

9 R&D record keeping habits your business needs
Uncategorized

Surprisingly HMRC doesn’t set out any specific record-keeping requirements when it comes to R&D tax claims. It recognises that every business operates differently and the way they keep their records will reflect this. HMRC also understands that first time claimers won’t have fully audited records. However, if you’re not first time claimers it is good […]

Pete Freeman

September 4, 2023

5 ways to get in control of your business finances
Accounts

Having proper control of your business finances is a big advantage. It helps you make well-informed business decisions and keeps your organisation profitable. With so many digital tools for managing your bookkeeping, accounting and management reporting, it’s never been easier to manage, track and forecast your financial position. But what are the main tools you […]

Pete Freeman

August 30, 2023

Don’t fall into the trap of giving profit all the glory (cash is where it’s at).
Business tips

If you run a business, you’re the first to know there’s a lot of numbers flying around. Turnover, profit, business costs and taxes all come with the territory and it can be hard to know how well your business is actually doing. Whereas they’re all important, there’s one in particular you should keep your eye […]

Pete Freeman

August 24, 2023

Turnover strutting around
Budgeting

When it comes to big, fancy business numbers, turnover is the one strutting around showing off. It makes sense, it’s a clear indicator of how much demand there is for a service or product and it’s exciting to see it trend upwards. Everyone and their grandma wants to know about turnover.   The thing is, […]

Pete Freeman

August 11, 2023

Budgets and managing cashflow
Budgeting

If you want to stabilise your finances and grow the business, budgeting across your business becomes a necessity. Managing the cashflow twists and turns of a project can be hard work. But it’s easier to do when you have an agreed budget and can track your spending and performance. So, what’s the best way to […]

Pete Freeman

August 10, 2023

How will external funding affect my R&D claim?
Tax Advice

Companies often think they can only make an R&D claim if they have funded the entire R&D project out of their own pocket. There are some nuances of course but is unlikely that external funding would void a claim. Companies can receive grant funding and R&D Tax Credits for the same R&D project. Let’s take […]

Pete Freeman

August 1, 2023

R&D Project
Tax Advice

Failure is a reality of life, and the same applies in business. Failure comes hand in hand with innovation; it’s a by-product of learning and development. So to innovate, is to take a risk. When you start an R&D project, you have no guarantee that the project is going to be a success. You know […]

Pete Freeman

July 3, 2023

4 Ways to bring forward your R&D Tax Credit
Tax Advice

With the backlash of Covid-19 and the relentless lockdowns, businesses have been hit hard. It’s hardly surprising cashflow is on every business owners mind right now. This is just one of many reasons, you might be looking to fast forward your R&D tax claim. If successful, bringing forward your R&D tax refund could be a […]

Pete Freeman

June 1, 2023

R&D
Tax Advice

Subcontractors. Maybe you use them, maybe you are one, maybe you are acting as one for a one off project. Whatever the circumstances, when it comes to R&D Tax Relief, subcontractors should be considered carefully when claiming R&D Tax Relief. On too many occasions now, we have seen companies miss out on money that should […]

Pete Freeman

May 1, 2023

Software expenses
Tax Advice

Almost every R&D Tax Relief claim that we process includes some form of software expenses. But it’s hardly surprising, as every business today has software costs. We use software in just about every business process we do! It’s also the one R&D cost that most businesses feel comfortable with, when they come to make their […]

Pete Freeman

April 3, 2023

Tax advice
Uncategorized

Something we can be guilty of as professional advisors is assuming how much our clients know about the services we offer. This is particularly true with tax services. Tax is incredibly vast and complicated. It interconnects with so many different aspects of business and life.  What you might not know is that Chartered Tax Advisers have completely […]

Pete Freeman

March 16, 2023

tax refund
Tax Advice

Remember that feeling when your first R&D tax refund hit money hit your bank account? Well, we want you to feel this every time you make a claim! How? By making sure you are prepared and  maximising every R&D claim. To help we have complied 14 quick wins to optimise your R&D claim tax refund. […]

Pete Freeman

March 1, 2023

R&D
Business tips

If you’re considering whether to bring some or all of your R&D project work inhouse versus outsourcing it, you’ll want to feel confident that you are making the right decision for your business operationally, but also to maximise your R&D claim. Perhaps you’re about to kickstart a new R&D project, or you’re thinking about outsourcing […]

Pete Freeman

February 1, 2023

cost-of-living
Tax Advice

As the cost-of-living crisis continues to rise, small businesses are feeling the impact deeply, hitting both their personal and business budgets, as well as their employees.  With soaring energy prices, rising inflation, good shortages and supply chain issues businesses have been hit hard. And all this is coupled with the very real concern that trade […]

Pete Freeman

January 9, 2023

R&D tax
Tax Advice

When R&D tax relief first fell onto your radar, you were no doubt blown away by the generous benefit, of up to £33 back for every £100 you invest in R&D. But the truth is – as you may have already experienced – for R&D projects, the amount you can claim ranges anywhere from 0 […]

Pete Freeman

January 3, 2023

R&D
Tax Advice

One of the most important aspects when making an R&D Tax Relief claim is timeframes. Not only are there strict deadlines, but depending on your business circumstances there is an optimum time to make your claim. The last thing you want is to miss out on maximising your R&D Claim, or even worse lose out […]

Pete Freeman

December 1, 2022

real-life number
Business tips

Every business owner has a real-life number. It is everything behind the scenes, that you are working towards in your real life, things like your next house, next big investment, or your pension pot. This real-life number can and should be linked with everything that the business is working towards. It is the key to […]

Pete Freeman

October 17, 2022

tax diagnostic
Tax Advice

Here’s a business owner who’s received a tax diagnostic review. A service that’s available to you. Find out some of the tax-efficient things he’s doing to achieve his real-life number and take more value out of the business for himself and his family now and over the next 5-10 years. For a number of years […]

Pete Freeman

October 17, 2022

Maximum Value
Business tips

A question I get asked all the time is: ‘What can I take out of my business?’ and ‘how do I save more tax?’ Well, the quick answer is, ‘there’s up to 32 ways to get value out of your business, tax efficiently.’ Yep, that’s a lot of ways ⬇️ But the truth is, not […]

Pete Freeman

October 4, 2022

You’re not getting the tax advice you need
Tax Advice

There’s an unspoken truth when it comes to tax advice: for business owners, there’s a complete lack of transparency from advisors over what tax advice actually is. This means as a business owner: …..you don’t know what to expect from your accountant …..you don’t know if you are getting all the advice you need But […]

Pete Freeman

September 5, 2022

margin
Accounts
Budgeting
Business tips

There’s always room for improvement at the margin; small tweaks can massively boost your bottom line! How much extra would a 1% increase in gross margin give you? #FinancialAwareness #Profit #Margin Improvements can always be made at the margin. Small tweaks to your processes or systems can make a massive difference to the end result. […]

Pete Freeman

August 20, 2021

bookkeeping
Bookkeeping

Good bookkeeping clears the way for the accountant to work with your business strategically. A bookkeeper deals with the organisation, the recording and the reporting of financial transactions of a small business. #SmallBusiness. As a small business owner, do you need a bookkeeper, an accountant, or both? Bookkeepers can seem a little mysterious. In fact, […]

Pete Freeman

July 26, 2021

Purpose
Accounts

Gone are the days when a business’s sole purpose was to make a profit. While being profitable is important, your purpose is why you exist for your customers; your reason for being. Focusing on your customers’ needs results in better profitability. Why does your business exist? Your purpose is three to seven words explaining why […]

Pete Freeman

July 6, 2021

onboarding
Onboarding

Thinking of partnering with our firm? We have a seamless onboarding experience, starting with a complimentary meeting. We take care of all the boring stuff and ensure a hassle-free transfer from your current accountant. Get in touch! We know it can be daunting switching to a new accountant. It might feel like a mammoth task […]

Pete Freeman

May 12, 2021

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