Cable R&D CASE STUDY WITH ZYLA ACCOUNTANTS

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.”

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Man creating research ideas

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.