Summary
Wesram focuses on helping companies to claim tax relief under the governments Research & Development Tax Relief regime. Many companies don't believe they qualify for this valuable relief because they don't employ teams of scientists or aren't designing a completely new cutting edge product.
Nothing could be further from the truth, any company who is seeking to innovate either to create new products, improve existing products or simply make themselves more efficient are eligible to claim under the scheme.
The benefit of making a claim under the R&D Tax relief rules, is that a company is able to claim tax relief on 225% of it's qualifying expenditure. That means the company gets tax relief on more than twice its actual physical expenditure resulting in substantially lower corporation tax liabilities (and even a cash refund if the company is loss making)
Over 20 years corporate tax experience with Big 4 accountancy firms, National Tier A firms and also within Industry. I have the benefit of being both and advisor and a client so have seen the benefits of professional tax advice from both angles.
Nothing could be further from the truth, any company who is seeking to innovate either to create new products, improve existing products or simply make themselves more efficient are eligible to claim under the scheme.
The benefit of making a claim under the R&D Tax relief rules, is that a company is able to claim tax relief on 225% of it's qualifying expenditure. That means the company gets tax relief on more than twice its actual physical expenditure resulting in substantially lower corporation tax liabilities (and even a cash refund if the company is loss making)
Expertise
Over 20 years corporate tax experience with Big 4 accountancy firms, National Tier A firms and also within Industry. I have the benefit of being both and advisor and a client so have seen the benefits of professional tax advice from both angles.
Experience
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Jackson Stephen LLP
Senior Tax Manager
21 - 100 Employees 2012 - CurrentSenior Tax Manager covering all aspects of company taxation with a particular specialism in Research & Development Tax Relief claims -
RSM Tenon
Tax Manager
100+ Employees 2007 - 2012
Education History
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Mathematics & Theoretical Physics
University of St Andrews
1987 - 1991
Qualifications
Chartered Tax Advisor (CTA)
