Lancashire TelegraphTax advisors save Bacup firm thousands (From Lancashire Telegraph)

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Tax advisors save Bacup firm thousands

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)

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1:26pm Thu 20 Dec 12

GHH says...

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 !
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 ! GHH
  • Score: 0

3:38pm Wed 26 Dec 12

BacupBilly says...

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....
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.... BacupBilly
  • Score: 0

3:39pm Wed 26 Dec 12

BacupBilly says...

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....
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.... BacupBilly
  • Score: 0

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