Common Questions
Frequently Asked Questions
My Gloucester aerospace or engineering business does development work. R&D tax credits?
Quite likely. R&D for tax is seeking an advance in science or technology by resolving technical uncertainty, genuine aerospace, engineering and technical product development usually qualifies. We assess your projects, identify qualifying costs (technical salaries, materials, software, overheads), write the technical narrative and submit the claim.
Do I need to be local to use you as my Gloucester accountant?
No, we work with Gloucester clients entirely online, by phone, email, video call and secure document exchange. You get the same depth of understanding and personal service without needing to visit an office. Most modern accountancy is handled remotely.
Can I claim capital allowances on my Gloucester business machinery?
Yes. Plant and machinery, CNC machines, precision and aerospace equipment, tools, commercial vehicles, IT, qualifies for capital allowances. The Annual Investment Allowance gives 100% relief on qualifying spend up to £1m a year, and full expensing gives 100% first-year relief for companies on qualifying new plant. We'll identify and claim everything, including allowances missed in earlier years.
I'm a Gloucester contractor through my Ltd company. IR35 position?
Depends on the client and working practices. Medium/large clients assess your status; small clients mean you self-assess. For genuinely independent contractors with project-based work IR35 is usually outside. We review your contracts and working practices.
I run a Gloucester Quays or city-centre shop or restaurant. What do you provide?
Retail and hospitality bookkeeping, the right VAT treatment, payroll, tronc for tips if relevant, annual accounts and Corporation Tax if a company, plus director self-assessment, bundled into a fixed monthly fee with cloud accounting for automatic bank-feed capture.
Should my Gloucester business be a Ltd company?
At profits above £40,000-£50,000 a Ltd company typically saves £2,500-£5,000+ a year through salary-plus-dividend structuring, plus limited liability. Below £30,000 the saving rarely justifies the extra admin. We'll model both with your numbers.
I'm a Gloucester landlord. What can I claim against rental income?
Repairs and maintenance, letting agent fees, landlord insurance, ground rent and service charges if leasehold, gas and electrical safety certification, mortgage interest (with the Section 24 restriction), and Replacement of Domestic Items relief on furniture. We capture everything and file your self-assessment.
How do I get started?
Book a free 15-minute call via Calendly, or call our office on 020 8050 4564 or mobile 07478 645331. We work with Gloucester clients fully online and we're experienced with aerospace, engineering and business-park firms, R&D claims, contractors and the GL community.