Funding windfall helps Haverhill firm to grow
Haverhill based Research and Development Tax Credit Consultants Fiscale have been awarded £10,800 from the New Anglia Local Enterprise Partnership (LEP) towards a software development project.
As part of their year-end review the company, which was started in February 2014 by John Mayhew and Stephen Bunting, identified the need for a bespoke software solution and explored the funding options available.
Fiscale was granted £10,800 as 20 per cent match funding for a £54,000 software development project - supported by the New Anglia Local Enterprise Partnership through The Growing Business Fund. Fiscale was granted £10,800 as 20 per cent match funding for a £54,000 software development project - supported by the New Anglia Local Enterprise Partnership through The Growing Business Fund.
The investment will enable them to fulfil two software development projects. The first is to map their business process to their CRM software providing notifications to staff to keep everyone on track.
The second will enable them to provide software to clients to improve the way their clients harvest financial data for R & D Tax Credit Claims once their initial claim has been processed.
The submission of a successful claim is not the end of Fiscale’s involvement with their clients. They continue to work alongside the business to provide help and guidance to ensure future claims are even simpler to process.
Understanding which elements of a project qualify for R & D Tax Credit and keeping meticulous records is critical if the benefits of the scheme are to be maximised. These are the areas where the application of the new software will make a real difference to the time input required from the client in assimilating the financial information.
Executive Chairman John Mayhew explains, “We are delighted with how Fiscale has performed over the 18 months.
“We have an excellent team with a strong skillset and, most importantly, we have helped secure funds for our clients which have made a significant impact on their businesses.
“It is a very rewarding experience to phone a client and let them know much their claim is going to be worth.
“The business process mapping exercise that we undertook to identify the activities that could be made more efficient highlighted two specific areas.
“Internally it was evident that we needed a CRM system to help manage the sales process, customer contact and the many different stages involved in the actual processing of an R & D Tax Credit claim.
“From an external perspective our clients would benefit from being able to systemise the identification and collection of financial information required for their future claims.
“We are very grateful for the support provided by Business Growth Adviser, Richard Glinn. Richard gave us excellent advice in the first place on the availability of the scheme.”
Fiscale offer a ‘no-win-no-fee’ service, removing any risk for the client.
The initial telephone interview to assess eligibility takes no longer than 20 minutes.
If you would like to contact Fiscale Ltd please call 01440 708333 or visit www.fiscalerdtaxcredits.co.uk to find out more about their services.