020 8429 8800
We’re part of the B1G1 global movement making a positive impact on the world – find out more here >>>


R&D Relief Accountants

4 very clear reasons why you should claim R&D tax relief and other super tax incentives:

you can claim tax relief of up to 230% of your R&D costs

accelerate your ability to bring to market innovative services and products

claim 130% of your investment in plant and machinery for tax relief purposes

take advantage of 100% tax relief on capital costs of up to £1m

It may surprise you that in the G20 Entrepreneurship Barometer, the UK is the best country in Europe for entrepreneurs.

Six million small businesses with fewer than 10 employees contributed £953 billion to the economy in 2021. Their success is, in part, down to the Government’s support for start-ups. The problem is, many business owners simply don’t know about the tax breaks available to them.

As proactive tax advisers, Sobell Rhodes can do all the exploratory work for you. We’ll identify which benefits you can claim, and there are a surprising number of opportunities for businesses to reduce their tax bills.

No costs, no obligations, no nonsense

For instance, you can claim R & D tax relief of up to 230% of your costs

If you are an SME with less than 500 staff and turnover under 100 million euros or a balance sheet total under 86 million euros, you can claim an extra 130% of qualifying costs from your yearly profit, as well as the normal 100% deduction, to make a total 230% deduction.

Do you qualify for AIA and other super tax deductions?

Up to 31st March 2023, this 100% tax relief has raised the capital costs ceiling of £200,000 up to £1,000,000.

Up to 31st March 2023 there is now a super tax deduction of 130% of the amount your business invests in plant and machinery. The Government considers this is the most attractive tax incentive ever offered.

Or perhaps you have been granted a Patent? If so, you could apply for Patent Box tax relief.

At Sobell Rhodes, we spend time getting to know our clients. Those initial conversations allow us to identify those parts of your business where savings can be made.

In fact, we mandate that the tax savings we secure for you will always be more than our fees, so you can’t lose!

Our services cover:

Business Asset Disposal Relief

This used to be called Entrepreneur’s Relief and is an allowance that lets you sell some of or all your business and pay just 10% Capital Gains Tax rather than the higher rate of 20%.

view more

There are conditions, of course. When you sell, the business must be a going concern. You can’t claim if the business closed more than three years ago. And if you’re selling to a larger company and they want to pay with shares, you need to make sure you don’t accidentally fall under the threshold.

It can be complicated, which is why having accountants with expertise in this field is a very good idea.

Creative Industries Relief

Did you know there are no fewer than eight different tax reliefs that can apply to creative businesses? If your business is in the film industry, TV production, children’s TV, animated films, video games, theatrical productions, orchestra concerts or even museum and gallery shows, you may qualify.
view more

If your company has struggled as a result of Covid, you may be able to convert some or all of your losses into a payable tax credit.

The best way to find out is to ask. Fix a no cost call now.

Directors’ Remuneration

If you’re a company owner, we can help you find the best way to pay yourself.
view more
You pay no tax at all on the first £12,570 you earn and rather than pay yourself a larger, taxable income it may suit you to pay yourself dividends, which are payable after the deduction of 19% Corporation Tax. This lower salary/higher dividends route isn’t quite as advantageous as it used to be. We can advise you as to what’s best for you.

Loss Relief

These have been difficult times for many businesses. If you have suffered losses, it may well be that these can be offset against the other gains and profits you have made.

view more

Companies that cease to trade can have access to Terminal Loss relief. Again, there are an almost infinite number of variables. If you think you could claim a refund against losses, talk to us about it.

No costs, no obligations, no nonsense