Tax advisors save Bacup firm thousands

1:28pm Wednesday 19th December 2012 in News

BACUP firm J&J Ormerod has saved in excess of £30,000 on research and development costs thanks to expert tax advice.

The kitchen, bedroom and bathroom manufacturer teamed up with accountants and business advisers from Beever and Struthers to help to grow its business.

Stephen Greenhalgh, managing director of JJO, which employs 400 staff, said: “Research and development is a cost which is often hidden in a complex operation.

“However its importance in moving a business forward is vital. I’m sure that in the coming years we will continue to work with them to get the maximum relief for this continued investment in our future.”

Comments(3)

GHH says...
1:26pm Thu 20 Dec 12

I bet Ormerod's wish Beever and Struthers calculated other savings on their Corporation Tax so it ended up at zero, and they paid nothing like the large high street & internet names !

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BacupBilly says...
3:38pm Wed 26 Dec 12

Research and Development costs have been able to be claimed against tax for several years, now they are able to claim 200% of what is spent on R&D, this is a non story, probably put out by Ormerods accountants, its like saying they have only just discovered they can claim their VAT back....

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BacupBilly says...
3:39pm Wed 26 Dec 12

Research and Development costs have been able to be claimed against tax for several years, now they are able to claim 200% of what is spent on R&D, this is a non story, probably put out by Ormerods accountants, its like saying they have only just discovered they can claim their VAT back....

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