New clients receive a 3 month subscription to Xero & ReceiptBank on us!
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
• Beyond Accountancy
• World Class Accounting
• Meet The Team
• Our Culture
• Testimonials
• Trustpilot Reviews
• Join Our Team
More Than Just Accountants
At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.
Get in touch today to discover how Nordens can revolutionize your business.
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
• Accounting
• Auditing
• Bookkeeping
• Business Turnaround
• Capital Gains
• Company Tax Returns
• Construction Industry Scheme
• Corporate Finance
• Digital Transformation
• Enterprise Investment Scheme
• HR Services
• Inheritance Tax
• Management Accounts
• Payroll
• Seed Enterprise Investment Scheme
• Self Assessment
• SRA Audit
• Statutory Accounts
• Strategic Coaching
• Tax Auditing
• Tax Computations
• VAT Returns
• Workplace Pensions
View all Nordens Services
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
• Agriculture
• Creative & Media
• Construction & Real Estate
• Franchise
• Healthcare
• Property
• Recruitment
• Retail
• Sports & Entertainment
• Transport & Logistics
• Hospitality & Leisure
• Charity & Not-For-profit
• Independent Professional Sector
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
Get In Touch
02085300720
enquiries@nordens.co.uk
The Retreat, 406 Roding Lane South, Woodford Green, IG8 8EY
Looking For Someone In Particular?
View Our About Page
Research and Development, otherwise known as R&D is a tax relief that is awarded to UK companies who have invested into research and development to better the way they work, improve existing products and to develop new ones. This offers them an opportunity to claim either a reduction in corporation tax, or, for loss making companies, a payable tax credit. It can even be claimed for unsuccessful projects!
The scope for identifying R&D is huge, as it covers a plethora of sectors. Fortunately, if you are making a claim for the first time, you can typically claim R&D tax relief for your last two completed accounting periods.
The HMRC R&D criteria are purposefully broad. Whatever size or sector, if your company is taking a risk by attempting to ‘resolve scientific or technological uncertainties’ then you may be carrying out qualifying activity.
To benefit from R&D tax incentives, you must:
We only work with the best! Our partners have been awarded the Best New Tax Practice in the highly prestigious Tolley’s Tax Awards 2020, which are regarded as the gold standard in the tax advisory sector. Contact us today to see if you have a claim.
For Small & Medium Enterprises, otherwise known as SMEs, claiming R&D tax relief will only impact on the tax charge in the accounts. Your accounts will look better due to a reduced tax liability and/or a payable tax credit. Win win! Many clients ask us if they make a claim from a previous year, how will it affect that year’s accounts? The simple answer is that it will not. The claim can be reflected in the current year’s accounts and there is no need to amend or restate previous accounts.
The current rate of extra relief on qualifying expenditure is 130% (sometimes expressed as 230% when taking account of the tax relief received on expenditure regardless of making a claim). This means that if a company spends £100,000 on qualifying R&D, an additional deduction of £130,000 is given against taxable profits. Therefore, the company receives a total deduction of £230,000 from taxable profits. The current rate of corporation tax in the UK is 19% – this means that a claim which identifies £100,000 of expenditure benefits a company by reducing its tax bill by £24,700. This is is calculated as 130,000 (i.e. the extra relief given by the claim) multiplied by 19%.
If you’re still unsure if your company would qualify to benefit from a R&D tax relief, get in contact with our specialist advisors on 02085300720 or email businessdevelopment@nordens.co.uk If you are confident that you can demonstrate that some kind of technical improvement has been made and that it wasn’t easy or certain on how to achieve the improvement, then there is a good chance you will qualify.
Watch our Nordens TV video ‘Free Cash Back From HMRC With R&D Tax Relief’where David Jaye, our head of business development and Mitch Hahn, our CEO, go into more detail about how you can make a claim.
At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.
Our specialist strategic division at Nordens boasts some of the leading entrepreneurial business minds in the country. We cater towards delivering consistent success stories, whilst helping businesses achieve above and beyond their initial goals.
Through highly-tailored guidance, coaching and advice, Nordens Strategic are able to define exactly how your business can reach new levels of success.
Regardless of how you define ‘success’ for your business, our strategic service is guaranteed to bring about real and lasting change. By partnering with some of the UK’s top business coaches, we’ll steer you along the path to a greater future.
Every business, no matter how big or small, needs to make the right decisions, and how to best manage your accounts can put huge question marks over your business. Accounting2You is here to take that pressure off and provide you with all the answers you need.
Our bookkeeping branch offers a fully inclusive, comprehensive service that you can trust. Since 2005, our specialist bookkeepers have been successfully managing the accounting of both individuals and small businesses.
With experts in payroll analysis, credit control and financial recording, Accounting2You will lead your business efficiently, and with real purpose, towards a prosperous future.
Voted as EXCELLENT - 9.9 out of 10 based on 167 reviews
Director - Metro Bank
Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.
Co-Founder - Chicmi Limited
Very good to work with - the team go above and beyond to make the accounts easy and efficient. They're all super friendly and a joy to work with.
Director - Rose Opticians
I have been using Nordens Chartered Accountants for 5 years and very happy with the service provided. All members of the team are very knowledgeable and have a wealth of experience which has proved very beneficial to my organisation
Founder & Director - Physio LDN
Very easy to contact and put me in touch with the right person whenever I need to ask any questions. Extremely knowledgeable and can help me manage my various businesses whenever I need.
Principal - Pauline Quirke Academy
Great accountants, always available to offer advice. The team have transformed my business.
Founder - Dataphone
Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice. We have also been using Nordens strategic services for a couple of years, which has helped bring about significant improvements that exceeded my expectations. With experience of working with several local accountants over my 29 years in business, I’m very pleased with the service I have received from Nordens.
Director - Linekers
Trusted our business with Nordens for over 10 years now and watched the company grow into the successful innovative business it has become today. Deservedly so. Every aspect of financial advice we need is always given promptly and with a smile. We have total confidence in all aspects of advice Nordens give. If you are looking for accountants, its a no brainer!
Founder - Foundation Sports Limited
A fantastic, modern, vibrant firm that care about the clients and their staff in abundance. It is rare to find an Accountancy firm with such vibrance and focus and relationships. It is no wonder they win award after award in their field.
Managing Director - Prime Time Boilers
I have been with Nordens for many years now and they are a great accountants.
Founder - Vivid Finishes
We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.
Managing Director - AMD Interior Architecture
Great Service at Nordens from a friendly very approachable team Particularly Kirsty Willis and Joe Sword who have been helping us since we started the business in 2016.
Director - Forma London
Nordens provide a first class service. We moved to Nordens last year and have been impressed with the level of service provided. Keep up the good work!
We've always got our ears to the ground when it comes to interesting, useful and topical information relating to business and accountancy.
We love making videos that break down convoluted accountancy jargon into plain-talking, actionable and accessible facts.
In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier. The difficult part, for me, was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.
Mark Norden
Founder
Our limited company accountants have a range of qualifications from The Institute Of Chartered Accountants (ICAEW) to the Association of Chartered Certified Accountants (ACCA). We worry about the bye-laws, regulations and ethical guidelines of the ACCA so you don’t have to! That makes us an ACCA-accredited employer as well as a Professional Passport-accredited one!
At Nordens, we're committed to keeping our clients updated on all things business strategy and news. Each week we update our newsletter subscribers on what really matters in the big bad world of business. That way, you can stay one step ahead!
Call: 0208 530 0720
Email: enquiries@nordens.co.uk
Interested In Nordens? Give us a call on 0208 530 0720 or or request a direct call back anytime between 8:00am to 6:00pm!
Accounting
Contractors
Sole Trader Accounting
Partnerships
Small Businesses
Medium Businesses
Large Businesses
Global Corporations
Charities
Privacy Policy - Cookie Policy - Sitemap - Covid19 Risk Assessment
© Nordens Limited 2001 - 2021
Nordens is a trading name of Nordens Limited, a limited company registered in England under company number 04709951. Our registered office is: The Retreat, 406 Roding Lane South, Woodford Green, Essex, IG8 8EY.
Speak to one of our experts with no strings attached, free, for one hour to help you and your business.
In celebration of our 18th birthday, we’ve launched our Refer-a-Friend scheme, allowing you to receive a thank you gift from us of up to £1,000 for successfully introducing a new client.
Speak to one of our experts with no strings attached, free, for one hour to help you and your business.
If you sign up as a client we'll even provide a 3 month subscription to Xero and ReceiptBank FREE!