Building something new and claiming nothing for it as your year end approaches?

Your developers, contractors and software costs reach year end without anyone asking what work could qualify.

The return gets filed, corporation tax is settled, and work that deserved a closer review stays unexamined.

Or read on to see how it works.

How a year of development reaches the tax return untouched

Build a new product
Pay the developers
Close the year
File standard accounts
Miss the R&D review
Ignore registered IP

The work gets booked as ordinary spending, and nobody stops to ask what was technically difficult.

A filed return can look complete even when no R&D or patent box review happened. The missing review can shorten runway before the next raise.

If nobody asks these questions, what reaches the tax return?

A claim depends on facts your year end accountant should be asking for.

What technical problem was your team trying to solve?
Which developer costs relate to that work?
Was the advance uncertain when the project began?
Does the company own registered IP?
Could patent box apply to profit from it?

Without those answers, every decision that follows becomes harder.

RunwayHiringProduct scopeInvestor updatesCorporation taxNext raise

Check what may qualify

The better route starts before the year end is filed

The year end and relief review happen together, using the same accounts and the same evidence.

Fasih reviews the technical work, matches developer, contractor and software costs, then prepares the filing in house.

£project costs mapped
Review technical work
Match eligible costs
Prepare it in house
Tax position settled

Registered IP is also checked for patent box before the corporation tax position is settled.

Review my year end

If your accountant never asks what you built, something is missing

Before the return is filed

What changes when the year end and claim stay together

Each stage answers a decision before the corporation tax return is completed.

Before day one
The project is understood
Fasih asks what you built, what changed and where the technical uncertainty sat.
Day 30
The costs are matched
Developer, contractor and software costs are matched to the work they supported.
Day 60
The filing is prepared
The R&D work, CT600L and additional information form are prepared in house where required.
Day 90
The next decision is easier
Your corporation tax position reflects the work reviewed, with registered IP screened for patent box.

Check my year end

The free review shows whether either relief deserves a closer look

Fasih asks what you built, where the technical uncertainty sat and which costs supported the project.

You get a straight answer on whether a closer review is warranted.

If the facts do not support a claim, Fasih says so before any filing work starts.

Your projectsscreened with Fasih against your own costs

Freewhen the intake shows a fit

If you switch, we contact your current accountant and request the accounts and tax information for you.

A good fit depends on the company behind the product

The review is for limited companies with real work and evidence to examine.

This may fit

Your trading limited company is building software or new technology.
The company can pay its accounting fees now.
You can provide developer invoices, payroll details, project notes and technical evidence.
Your accountant files the year end without reviewing R&D or patent box.

This will not fit

The business is a sole trader, partnership or LLP.
You want an accountant to introduce investors.
You want a claim filed without technical and cost evidence.
You are choosing solely on the lowest monthly fee.

See if I fit

Answer a few quick questions, and a fit leads to a free review with Fasih.

Registered IP

could change the corporation tax charged on its profit

Fasih checks registered IP while preparing the year end, before the corporation tax return is settled. Where the rules apply, corporation tax on profit from that IP can move from 25 per cent to 10 per cent.

I was stuck with my R&D claim, but Fiscal Umbrella helped me navigate it smoothly. They're professional, efficient, and truly know their stuff. Highly recommended

Cartel Media · Google review · a year ago