"Tax-free money" fuels Fiscale success
Due to continued high demand for our Research and Development (R&D) Tax Credit services Fiscale has had to relocate to larger premises.
Fiscale Ltd was established in February 2014 by John Mayhew and Stephen Bunting. Their aim was to help companies in the East of England claim back money invested in research and development activities from HM Revenue and Customs (HMRC) under the Government Research & Development Tax Credit scheme.
Fiscale has recently taken over a floor of Smithfield House on Rookwood Way, Haverhill after outgrowing their previous offices in the Menta Business and Training Centre.
For the past 2 months the building, which was empty for three and a half years, has been a hive of activity with local tradesmen transforming the space into a contemporary working environment.
Fiscale's Executive Chairman, John Mayhew explains,
"We outgrew our offices at Menta some time ago. Not having the physical space for extra members of staff was actually constraining the company's expansion. Our only option was to find larger premises. Surprisingly there is limited office accommodation in Haverhill once you reach a certain size and it took a few months to find somewhere suitable.
There is a real need for the specialised services we offer and I believe that is what underpins our success.
We have won over £4.1million in R&D Tax Credit relief for our clients with an average first claim value of £67,000. That's not an insignificant injection into any company's cashflow!
The R&D Tax Credit scheme really is a win-win for all involved. It is effectively "free money" from HMRC and can provide a valuable income stream for eligible businesses. We are looking forward to expanding our team and helping even more companies claim this tax incentive."
Fiscale has invested around £25,000 in renovating the 2250 square feet of space to suit its requirements. There are 2 conference rooms, an open plan office for up to 22 people, 2 offices a kitchen/break out room and a new toilet block.
Fiscale has experienced rapid growth in all areas and now has over 135 clients nationally and is on course to achieve a turnover of over £1,000,000 in just 3 years of trading.
The company employs a team of 10 and is currently recruiting for 2 additional roles - a qualified R&D Tax Credit Manager and a Systems Administrator to look after Fiscale's IT. There are plans to recruit another 3 team members by the end of the year to support the company's expanding portfolio of clients.
If you would like to find out more about R&D Tax Credits please call Fiscale on 01440 708333