Venture Tax work with accountants to help their clients with their tax claims. One of these is Elite Accountancy, based in Ilkley.
Elite Accountancy Services is an accountancy business offering a full range of financial services to their clients. Based in the picturesque town of Ilkley in West Yorkshire, Elite have numerous clients across the region.
Accountancy is a very competitive sector, and it is harder than ever to stand out from the crowd. What marks Elite out from their competitors is their holistic approach, and their uncompromising focus on client service.
Elite and Venture Tax
Beyond day to day accountancy, Elite’s range of services includes business planning, sales and acquisitions and tax planning. They also have strategic, long-term relationships in place with other experts. Since 2021, they have supplemented their own services by offering their clients access to the wealth of R&D tax experience from Venture Tax.
Tax claims for research and development (R&D) purposes is an increasingly complicated process. When R&D tax schemes launched, they were limited in scope and consequently fairly straightforward. Now though, the scope of what can be claimed has broadened, as has the amount of due diligence and evidence required.
This is partly why an R&D tax specialist is needed; however, their knowledge can also help to maximise the amount claimed by the client ensuring that that every nuanced opportunity has been explored.
The choice of a partner also comes down to how they work. Elite pride themselves on being super responsive to their clients’ demands, and it was key to the partnership that Venture Tax were just as keen.
Joel describes how:
“Venture Tax add value to our client relationship, enabling us to offer a more complete service. Their culture meshes seamlessly with our own; they are client-first, friendly and professional.
“We involve Vicky and her team as soon as we have identified that there could be an area for a claim. They know what to look for using their vast experience. There are some things that you just need to get a specialist for! From there, they manage the entire process on our, and our clients’ behalf.
“I love the fact Vicky used to be an accountant – understanding financial accounts and company tax is a massive advantage…it saves a lot of time and helps maximise the claims.”
Elite have worked with Venture Tax pretty much since they set up the business. Now that Elite are expanding and adding reinforcements to their own strong team, it is more important than ever for them to work with other like-minded experts.
3 Words
When asked to describe Venture Tax in three words, here’s what Joel offered:
Friendly
Reliable
Efficient