No one wants to pay more tax than they are legally required to do so and the same is true of businesses who need all the cashflow they can get to ensure they have the means to reinvest and grow.
Inspire PPS, a cutting edge international mail and production business based in Yate just outside of Bristol, was in this position when the business’ co-founder, Tim Hallett, asked his accountant how they could save more tax.
He was referred to Francis Clark Tax Consultancy and a claim for R&D Tax Credit rebate was made to HMRC on behalf of Inspire PPS by Tax Partner Stuart Rogers and his team resulting in a significant cash windfall.
Inspire PPS offers national and international postal and production delivery solutions including direct marketing, publications, e-commerce and catalogues with a strong track record in delivering clients huge financial and service benefits from using the correct supplier in the correct country. The business has developed specialist software which uses complex algorithms to compare supplier routes and costs across the globe which is particularly useful for e-marketing businesses.
Stuart Rogers said:
“Inspire PPS is a young and ambitious company established around four years ago and has experienced rapid growth as more clients appreciate the added value it provides to their business through expert optimisation of postal and production budgets.
It is crucial for a growing business to maximise working capital so we were delighted to assist by preparing a successful R&D tax credit claim in respect of the software.
“R&D tax relief has huge potential as a source of funding for innovative businesses but too few seize the opportunity that is available. Some are unware of it, some think it is too complicated to tackle and some think they will not qualify. I would advise any business involved in developing new products, processes or services to investigate their eligibility as Inspire PPS did to their considerable advantage.”
Tim Hallett added:
“We are entering the next phase of our development so we are grateful to Stuart and his team for their help. His service was professional, timely and succinct. What also helped was the offer of a conditional fee arrangement which, from an owner/manager’s point of view, is extremely attractive.”