Director Ian Brown has worked for the last six years as an independent consultant helping businesses save money through tax utilising legitimate allowances the Government grants .
Thorne Brown Consulting Ltd will be working predominantly with Inspire and its members , and is the only Inspire partner that specialises in identifying capital allowances and research and development tax credits .
In terms of Research and Development savings , Ian can help identify activities that are taking place within a business that qualify for tax credits . It is thought that only around 1 in 5 companies that
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are eligible claim and yet the average credit for those that do is almost £ 50,000 . Ian said : “ Many businesses are working on bespoke software , food production , business research , manufacturing and many other technological advances without guaranteed outcomes . It ’ s these firms I want to talk to and work with , to help them save on their bottom line , releasing cash flow to spend on further development and growth .
Businesses and individuals can save with capital allowances . The Government wants to incentivise businesses to invest in plant and machinery and although a lot of what
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goes into a property can ’ t be classed as this , certain items can . Ian ’ s team specialises in teasing out what qualifies as plant and machinery , things that qualify include central heating , air conditioning , data cabling and bathrooms . Making a successful capital allowances claim draws together surveying , accountancy and legal interpretation skills which mean most claims are constructed by specialist consultants .
Typically , 27 % of a properties purchase price could be offset against corporation or income tax giving substantial reductions in the amount payable over a number of years . Recent legislation changes make
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it crucial to take advice if considering a purchase . Thorne Brown Consulting charges a percentage fee , depending on the result achieved for the client with the aim that the client saves more than the fee in the first year .
Thorne Brown Consulting has strong relationships with many professional practices but as a partner looks to help Inspire members direct to ensure they are receiving the best possible advice .
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For more info : www . thornebrownconsulting . co . uk |