Tax relief

Shorts announces Radius promotions and team expansion

Shorts is pleased to announce the promotion of two key members of its Radius team, which advises on R&D and Patent Box tax reliefs.

Darryl Hoy has been promoted to the position of Technical Director within the Radius team, while Emily Hurdley has been promoted to manager.

Furthermore, the Radius team continues to grow with the announcement that Matthew Pierce has joined the firm, also as Manager. Matthew’s appointment will augment the team’s continued growth and client service.

This news caps off a successful year for the Radius team, despite a challenging business climate throughout the UK and across the world. HMRC investigations into R&D tax relief claims are due to increase as the treasury seeks to bolster tax revenues. As such, it’s vital to offer expert advice to claimant companies.

Scott Burkinshaw, Tax Partner at Shorts and Head of Radius, said: “Radius is committed to making sure that the region’s innovative companies are able to claim their full entitlement to government backed R&D tax reliefs. The talent and expertise of our team is central to this, and the performance and contributions of Darryl and Emily have been consistently excellent.

“They will continue to play a critical role in delivering and improving the Radius service. I also am delighted to welcome Matthew to Radius; his knowledge and experience will further solidify Radius as the leading R&D specialist in the region.”

Shorts has traded in Chesterfield since SE Short established the practice in 1890. Now the largest independent accountancy firm in Chesterfield, Shorts has an established reputation as reliable and forward thinking accountants, taxation and business advisers. Find out more about the company here: https://www.chesterfield.co.uk/our-champions/shorts-chartered-accountants/

Shorts supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 190 organisations across Chesterfield and North Derbyshire.

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Shorts launches new microsite to support businesses with R&D tax relief

The Radius team at Shorts Chartered Accountants has launched a new R&D tax relief microsite to help boost the finances of local businesses.

The microsite is designed to help raise greater awareness of R&D tax reliefs, which are generous, government-backed tax breaks for innovative companies. This tax relief is often worth around 25% of qualifying R&D expenditure.

As the region’s business community continues to adapt to the ongoing difficulties presented by the COVID-19 pandemic, Radius is encouraging businesses to check their eligibility, which they can do for free by way of a 30-minute consultation.

R&D tax relief is one of the most significant government-backed tax reliefs available today, but many companies do not realise they qualify.

Whether local SMEs innovated in order to survive repeated lockdowns, furloughed staff and remote working infrastructure, or if they plan to develop innovative new products, services or solutions to bounce back for 2021-22, R&D tax relief is an incredibly valuable cashflow tool.

Chesterfield and wider Derbyshire businesses can visit the new microsite for detailed information of how R&D tax relief works, information on whether their business qualifies, and a free calculator to estimate how much of a tax saving they could make.

With a long-standing heritage of over 130 years, Shorts has grown from a local business to a nationally recognised award-winning firm. Find out more about the company here.

To find a wide range of business support available in Chesterfield, including details on how to access the innovative Chesterfield Digital High Street scheme, go to: https://www.chesterfield.co.uk/business/business-support/

Entrepreneurs and start-up businesses can also receive funding through the Vision Derbyshire scheme, as part of efforts locally to encourage more people to set up their own companies.

Shorts supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 190 organisations across Chesterfield and North Derbyshire.

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