Partners.

YBFA have decades of experience in banking and finance related matters and whilst we like to think we know our stuff, we don’t know everything. However, we have a network of professional contacts reaching far and wide and if we can’t help you, we know somebody who will be able to provide you with the expert advice you need.

Click on the following links to learn about some specialist areas we’ve been able to help our customers take advantage of, by referring them to experts in those fields.

London Bridge

The Government’s Research & Development tax incentive regime is a tax relief designed to encourage UK companies to spend more money on research and development, leading in turn, to greater investment in innovation. The relief works by rewarding those companies spending money on R&D projects with corporation tax savings, corporation tax rebates or corporation tax credits.

The relief can help fund developments needed to keep a company competitive and are claimable by not only profitable companies liable to corporation tax but also by loss making companies who can benefit from the relief by claiming a tax credit; a ‘free’ cash injection.

R&D tax relief is claimable by any company engaged in projects where the aim has been to achieve an advance in a field of science or technology. The relief exists to reward companies that incur expenditure in the development or appreciable improvement of products, processes, systems and materials where there has been scientific or technological difficulty in achieving what the company set out to do.

Capital Allowances are a form of tax relief relevant to virtually every business and property investor that has incurred expenditure on commercial property and who hold property as a fixed asset. Capital Allowances are generated from expenditure on fixtures, for example, heating systems or sanitary appliances and are common to most types of property from the following scenarios:

  • Purchase of an existing or newly built property
  • Construction of a new property
  • Building alterations, extensions and refurbishments to a property
  • The expenditure incurred to fit-out a let property by the landlord and / or tenant.
  • Capital Allowances are available for all businesses and individuals who are liable for tax, from private individuals and sole traders to large nationwide organisations.

Many property owners are surprised by the wide range of assets and expenditure that qualify for Capital Allowances and this is why the expertise of a Capital Allowance Consultant can prove advantageous, ensuring that clients do not miss out on valuable tax relief.

Foreign exchange (FX) refers to the conversion of one currency into another, which is required whenever individuals or businesses make international payments, receive overseas income, or invest across borders.

Exchange rates fluctuate constantly due to economic conditions, interest rates, political events and market demand. These movements can affect the overall cost of international transactions and, for businesses, can have a direct impact on cash flow and profitability.

Foreign exchange services provide access to currency markets, enabling clients to buy and sell currencies, make cross-border payments, and manage exposure to exchange rate movements. This is particularly relevant for businesses that import or export goods, pay overseas suppliers, employ staff abroad, or hold assets in foreign currencies.