The current economic climate has forced businesses to focus on cash generation and conservation. Opportunities for cash savings through traditional tax planning are less common and the cost of debt financing has become increasingly more expensive.
However, data is now often contained within a single accounting (ERP) system, rather than being dispersed across multiple stand-alone systems. This enables rapid, automated analysis which can identify multiple savings opportunities across a range of taxes for your business. These benefits, once embedded in systems and processes, can often create recurring high-value tax saving.
Potential areas for cash realisation include:
R&D tax credits