Shorts Chartered Accountants
Shorts are not your average accountancy firm. We’re a team of specialists all pulling in the same direction. With a long-standing heritage of 130 years, we’ve grown from a local business to a nationally recognised award-winning firm.
We’re home to some incredible expertise – specialists from some of the world’s leading firms, bringing years of experience that they have shared and continue to hone.
Our services and expertise are outstanding – they have earned us the reputation we’re so proud of. We provide all the services you would expect from the region’s leading accountants but what makes our work exceptional, is the way we seamlessly blend this expertise across all our services.
Our ambition to become the leading firm in our region, defines who we are and underpins everything we do. And our reputation has grown on trust, through the enduring relationships built with clients who have worked with us for generations.
Today, we’re recognised as an award-winning, leading regional firm, that’s not just delivering, but that innovates; using deep knowledge, technology, and expertise to find new ways to make our clients’ business better and their personal finances stronger.
Radius by Shorts – R&D Tax Reliefs done properly
Chamber members may be eligible to benefit from thousands of pounds of Corporation Tax savings for their innovative work through R&D Tax Reliefs and the government’s Patent Box scheme.
The Radius team at Shorts provides robust R&D Tax Relief claims, prepared and maximised by specialists with minimum disruption to you.
It has never been more important to ensure R&D tax relief claims are done properly, with HMRC cracking down heavily on historic and current error-strewn claims. Radius has detailed quality assurance processes to ensure claims are fully optimised and compliant, including a detailed review by a former HMRC R&D Tax Inspector.
Chamber members can check their eligibility for R&D tax reliefs for free using the Radius R&D eligibility checklist.
R&D tax relief is very generous, and an SME incurring £100k of qualifying costs could save in the region of *£25k in tax. Large companies can claim the Research & Development Expenditure Credit (RDEC) at *13% of the qualifying expenditure.
*The rate of R&D tax reliefs is being reduced from 1 April 2023 and the effective new rate is 21.5%. For a Profit making company for every £100,000 spent on qualifying R&D the tax saving is £21,500. For a loss making company it will be £18,600.
**RDEC will increase to 20% and a net effective tax saving of 15%.