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FAQ
What is the process for making a research and development (R&D) tax relief claim?
There are two types of R&D tax relief:
- Small and medium-sized enterprise (SME) R&D tax relief:
For small to medium-sized companies with fewer than 500 staff and a turnover of under 100m euros or a balance sheet total of under 86m euros
- R&D expenditure credit (RDEC)
For large companies, although SMEs can also apply if they have been contracted to work on R&D projects
Your work must be part of a specific project in science or technology to qualify for R&D tax relief. The project can either improve on an existing process or develop a new one. Our experts can help you file your claim so you can concentrate on what you do best: growing your company.
On what costs can my fintech business recover VAT?
If your business is VAT registered, you can claim on almost all business costs, including business travel and entertainment, meals, fuel and more. Talk to us to find out how we can simplify the process for your company.
What is the best employee share scheme for a fintech?
Employee share schemes are a great way of improving employee loyalty and incentivising new employees. There are two types of schemes:
- Share award, which involves giving employees shares. They’re treated as employment income and subject to income tax
- Share option schemes, which give employees the option to buy shares in the company at a discounted rate
Ultimately, the best one for your fintech depends on your company goals.
How do you work out a valuation for a fintech company?
Many factors influence a company’s valuation, such as the price-to-earnings (P/E) ratio. This calculates the profits after tax to arrive at a value figure. The process for getting the right P/E ratio can vary for each business. Ensuring you have experienced professionals to do this for you is important. The discounted cash flow (DCF) takes into account factors such as financial performance and the industry as a whole for comparative analysis.
What key tax issues should fintechs consider?
From VAT and corporate tax to transfer pricing and capital gains tax, it can be challenging for UK fintech companies to keep up with the latest tax laws and regulations. S&W can take the weight off, giving you peace of mind knowing your company’s tax obligations are managed efficiently by the UK’s leading tax specialists.