During this time of uncertainty, cash flow and cash management have become more critical than ever. Throughout the initial phase of the pandemic, we saw businesses utilising some of the support provided by the government, including the Coronavirus Business Interruption Loan Scheme and the furlough scheme.
However, as the situation develops, businesses are beginning to consider long-term financial strategies to support their cash-flow. One of the lesser-known cash flow alternatives is tax relief, with businesses being entitled to more than they realise.
Catax is proud to be Made in the Midlands’ exclusive patron for Research & Development Tax Relief. We are on a mission to make sure that all UK businesses are accessing the relief they’re entitled to, and since the beginning of March, when the UK went into lockdown, we have delivered over £15million back to businesses at a time when they need it most. We’re determined to support businesses and support the UK economy as we all start to grapple with the economic impact of COVID-19.
We also specialise in Capital Allowances Tax Relief, Patent Box and Remediation of Contaminated Land Tax Relief.
Many don’t realise they qualify for specialist forms of tax relief, but they cover many more industries than you might think, and the reality is that most UK businesses will be able to take advantage of at least one of them. The manufacturing sector is one of the worst-hit by the global pandemic, but the good news is tax relief opportunities are rife in this industry.
With 100% of our staff successfully working from home, we’re here, and we’re fully operational.
We’re excited to be part of this event and the Backing Britain campaign. Come and speak to us to see what we can do to help your business.
