Research and Development (R & D) Tax Credits
Many businesses, sometimes without even realising it, engage in product or process development activities that will qualify them to receive Research and Development tax credits from the government. In certain circumstances, claims can be backdated up to 2 financial years from the date of the first claim and can be a source of significant additional cash to a company, both in the first year of a claim and on an ongoing basis. Has your firm looked into developing a new product - even if it was not ultimately successful and taken to market? Have you customised your software? Have you developed an App? (This may have been done in house or by engaging outside help.) Then you may be eligible to receive R&D tax credits. Consolido has partnered with specialists in the area who have helped more than 1100 business reclaim over £112m in tax credits since September 2012. By carefully assessing your situation and guiding you in the claims process, our partners have a 100% success rate for claims they have made! Contact Consolido today to see if your business may qualify.
Start-up loans
If your company is less than 2 years old you may qualify for an unsecured personal loan to provide a cash injection for your business. The cash can be used for any business-related purpose. These government-funded loans, given to the founders of a business, can be up to £25,000 per person and can provide invaluable cash to start or grow your early-stage business. Loans are repayble over 1-5 years at a fixed 6% interest rate, far below that which might be offered by a bank to a new business. Consolido can assist with the application including things like cash flow forecasts and business plans. Contact Consolido today to see if you may be eligible and to start your application.