TCR understand that the financial aspects of running a start-up can be daunting but we can provide solutions. Cash is the priority in start-ups and we can provide weekly cashflow forecasting. We can also set up UK bank accounts, manage the relationship with HMRC (for VAT, import/export requirements and PAYE reporting) and prepare monthly and quarterly management accounts.
The UK government offers an incentive to R&D businesses in the form of R&D tax relief. This is a tax relief for corporation tax registered businesses that are engaged in qualifying research and development. The relief is only applicable to qualifying R&D costs, and TCR can prepare and submit the return for you.
Most start-ups do not require audited financial statements, but should your business meet the requirements for audited financial statements, we will work with you to source and engage an auditor.