Tom works with entrepreneurial businesses from a variety of industries through all stages of their life - from starting up, through growth, reorganisation, expansion into new markets and ultimately to exit. He advises the company, business leaders, the shareholders and prospective investors in order to optimise their tax position in the context of their commercial objectives and works closely with colleagues in Baker Tilly International to advise on the cross border issues.
He leads the firm’s R&D group, maximising the cash tax savings from Research and Development (R&D) and patent box tax relief claims, in a simple and cost effective manner. Since joining MHA MacIntyre Hudson in March 2013, after 12 years at a big four firm he has obtained cash refunds for clients totalling over £10 million and to date has not had a claim turned down. He also specialises in creative industry tax reliefs, assisting businesses with film tax relief, video games tax relief and TV tax reliefs.
Tom also helps to lead the firm's specialist technology sector group and regularly speak at events organised by both MHA MacIntyre Hudson and third parties (such as the Chartered Institute of Taxation) on all aspects of tax, although primarily on R&D and patent box.
R&D tax credit up, but too many businesses fail to claim!
The news about the government’s R&D boost is a timely reminder that UK businesses are still losing out on generous R&D tax savings. Over the last year, HMRC has given out £2.9bn across a range of industries, a 20 per cent increase from the previous year. Around half of this was claimed by SMEs, an average of almost £61,000 per company.
It was announced today that the Government’s review into the R&D tax relief regime has been completed and that it is both effective and internationally competitive. It has also pledged to continue to monitor international developments to ensure it remains so.
As widely reported beforehand, the Chancellor announced an additional £2bn p.a funding for R&D...
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