Services
Accountancy and Tax services are provided under the On The Spot brand, and are provided on a fixed fee basis which is agreed in advance so that you get no surprises. Fees generally include unlimited ad-hoc tax and financial advice throughout the year, giving added certainty to costs.
Our services will ensure that your business is compliant with relevant tax and other legislation, however, tax planning and advice is at the heart of what we do to ensure that your tax is minimised within the letter, spirit and intention of the law. I will advise you before the start of each tax year on how to structure and plan your affairs to optimise your tax position, and will periodically review the situation with you during the year, and update you as new rules are introduced (for example at the time of the Chancellor’s budget).
I do not employ staff and pride myself in having a detailed understanding of my clients’ financial affairs and thereby providing a highly personalised advisory and compliance service. As there are no staff, you will not be passed off to the office junior; I will do the work, I will advise you and I will be your constant point of contact.
R & D Tax Credits
R & D Tax Credits are government grants or enhanced tax allowances, provided through the Corporation Tax system to qualifying companies for qualifying R & D projects. Possibly uniquely amongst Corporation Tax breaks, R & D tax credits enable companies to receive government cash without ever having paid a penny in Corporation Tax. These breaks can be payments of up to 33% of qualifying expenditure for lossmaking companies, or up to 44% given as a Corporation Tax reduction for profitable companies.
Many companies who are involved in innovation are able to claim. To qualify there needs to be a project which seeks to achieve an advance in science or technology through the resolution of scientific or technological uncertainty. The advance could be an improvement in an existing process, material, device, product or service, and could be in any business sector and industry. The following are a few examples of activities for which I have successfully prepared and submitted client claims:
- Development of new recipes for performance sports nutritional products
- Development of new software applications
- Adaptation and combination of existing printing processes to develop enable new materials to be used
- Use of artificial intelligence
Unlike other companies operating in the R&D space, I do not charge a percentage of the claim value; instead I will agree a fixed success fee with you in advance and this will only be payable when the claim has been paid by HMRC.
If your company is involved in any technical or scientific innovation, please feel free to get in touch for a free initial assessment to see whether you may be able to claim.
Part Time CFO
I provide “C” level financial expertise, undertaking finance related projects or acting as your part-time Chief Financial Officer. This is performed on a “pay as you go” basis on an hourly or daily rate, avoiding the fixed costs and employment commitments of hiring an employed Finance Director or CFO.
I can provide experience and expertise in the following areas:
- Funding Assistance
- Strategy & Business Planning
- Cost Management
- Asset Optimisation & Investment Appraisal
- Planning for Exit / Sale of the Business
- Day to day financial management and control
Budgets, Business Planning and Strategy
To grow, a business needs a strategy, an execution plan and financial targets and budgets.
You may need a business plan for an investment prospectus, a grant or commercial loan application, or just to provide direction for the business, and to set targets against which performance can be measured. You may also want monthly budgets and regular management accounts to report against.
My services include the following:
- Facilitation of strategic planning workshops and working with you to develop a comprehensive strategic plan, and translating this into short and medium term targets and financial plans
- Developing budgets by function, revenue stream and cost type
- Management accounts production and variance analysis and commentary
- Preparation of investor documents and grant applications
