Recent Posts:

Understand who is making a financial contribution to your business

  • 3 minute read

Technology and professional services businesses spend over 70% of their fixed budget on staff.  However, the connection between their revenue streams and employment spend are often very hard to analyse and even harder to optimise.

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R&D tax relief for IT

  • 1 minute read

Research and Development (R&D) tax relief is a corporation tax credit relief that’s specifically formulated to reduce your company or organisation’s research and development costs. Although it has been around since 2000 there are still many companies either not claiming R&D relief at all or not claiming their full entitlement.

The tax relief on allowable R&D costs is 225% - that is, for each £100 of qualifying costs, your company or organisation could have the income on which corporation tax is paid reduced by an additional £125 on top of the £100 spent. It also includes a payable credit in some circumstances. The average claim in the UK is over £40k.

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Do I need a Professional Services Automation (PSA) tool?

  • 2 minute read

PSA software is designed for service-oriented organizations needing to automate their processes and streamline their operations, increasing control and visibility of billing, administration, service delivery and new business generation. PSA software is essentially enterprise resource planning (ERP) software for professional services firms. However, it’s focused primarily on the management of services delivered through human resources, rather than tangible assets.

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