Cable

How Zyla Accountants deliver successful R&D Tax Relief for Cable.

Industry: FinTech

THE JOURNEY

Cable was founded in July 2020 and started working with Zyla Accountants that same month.

Cable is on a mission to reduce the amount of financial crime in the world. Financial crime comes with devastating consequences – from the horrific human cost to the downstream impact on government, businesses and communities.

The company has developed the first all-in-one effectiveness testing platform to help banks comply with their financial crime requirements.

THE PROCESS

  • Year End Accounts produced to 31st December 2022

  • Initial R&D meetings with with Tech & Data Leads of Cable in May 2022

    • Zyla discuss the projects undertaken by the company in the year

  • A cost analysis is then created, a percentage of staff costs is discussed, software qualifying as R&D is highlighted, and detail is prepared for Cable’s technical narrative.

  • Zyla produce a draft technical narrative in June 2022 utilising its internal template designed in-house.

  • Zyla submitted R&D Tax Credit claim and Cable received their R&D Tax Credit cash repayment within 4 months.

The Result

  • R&D Tax credit received by Cable within 4 months

  • Cashflow boost - providing important inflow following the financial year end

  • Accounts filed and Corporation Tax return filed in a timely and appropriate timeframe post year end.

Natasha Vernier:

“Zyla Accountants were super helpful when working out where we could qualify for R&D support. They made it an easy process, and helped us make a significant annual saving which we could re-invest in to our business for the future. We would highly recommend Zyla accountants to other businesses seeking the same.”

Cable

Get the rewards for your innovation. grow YOUR BUSINESS with ZYLA.

  • Experts in research and development

  • 5 years of filing experience

  • A transparent, cost-effective pricing system

  • End-to-end support and easy onboarding

  • Xero & Google Sheets cloud based platforms

  • No payment until funds are received

  • There are no additional charges for HMRC enquiry support

Contact us today on 0203 468 2241 for support with your claim.