The idea of a partnership, where businesses agree to cooperate to advance their mutual interests has been around for a considerable time. As far back as 1336 in Renaissance Florence (which comes from the latin for “flourish” or “blossom”), the idea germinated into something more than the occasional support. We at Finstock Capital love to see these relationships bloom – we set up on the back of conversations with EIS funds who were seeking short-term capital mid-way through their tax year. Since then we have fostered a flurry of relationships through R&D, venture debt and video games finance. However, we are also staunchly independent – we work with a range of service providers whom we feel have the necessary capabilities to support us and we in turn can support them.
We are therefore delighted to have a partnership with Accountancy Cloud to support their clients on bridging against R&D tax credits as well as funding support. When we lend against future or submitted tax credits, part of our process is to review the claims and understand the company’s qualifying projects. Over the past few years we have seen hundreds of claims – the good, the bad…and the downright dubious - and we see the importance of working with individuals who understand R&D. The regulations change often – just look at the recent PAYE cap that was initiated on 1st April – so it is therefore of paramount importance to reduce risk, maximise the claim and delegate to the experts. Given the professional understanding of the sector, we are delighted to include Accountancy Cloud as a partner and look forward to this seed germinating. Alright, enough with the Spring analogies!
Join The Accountancy Cloud’s talk on LinkedIn
If you’re interested in finding out more about our partnership with The Accountancy Cloud and R&D Tax credit loans, please join us on the 23rd April 2021, at 11am.
Wesley Rashid CEO and Founder of Accountancy Cloud will be hosting an event alongside Anh Vu, Senior R&D tax manager at Accountancy Cloud and Edo Salvesen, Director of Finstock Capital. They will discuss the exciting new partnership and uncover all of the juicy details you need to know about R&D Tax, including the latest developments surrounding furlough and the PAYE cap.
Simply head over to Accountancy Cloud’s LinkedIn page at 11am to watch. We’ll look forward to seeing you there.