Franchise Accounting

Accounting services for franchisees from start to exit

As you would expect from a firm of chartered accountants, we offer a comprehensive range of accounting and tax services for clients that operate in the Franchising sector. So whether you are planning on becoming a franchisee, you are expanding your existing franchise operation or the time has come to consider a sale, we can provide you with the support and guidance that you need.

What makes us stand out from the crowd is our genuine interest in you and your business. We take time to understand what is important to you and then tailor our services and advice to your requirements. You may need guidance on the most appropriate business structure for operating a franchise, help raising funds to expand, guidance on improving your accounting system or planning for a sale and retirement, we can help with all of these matters and much more.

We have an extensive network of trusted professional contacts who we can introduce to you for help on legal issues, HR, workplace pensions, raising finance and much more.

If this sounds like the type of accountancy firm that you would like to work with, don’t just take our word for it, have a look at the testimonials from our clients.

Want to learn more?

Get in touch with our in house expert Paul Feist to see how we can help.

 

McDonalds’ Brighton

“I cannot speak too highly of the whole organisation, their people are tremendous, both technically and personally.”

John O’Dwyer
McDonald’s Franchisee

Here are our featured sectors

Franchising

VR icon

VR and AR

marketng icon

Marketing

ecom icon

eCommerce

Technology, Media and Innovation

Video Games Development Services

Property and Building Services

Dev icon

Animation Studio Accounting

SAAS icon

SaaS Accounting

Healthcare and GP’s Services

Hospitality, Food and Drink

Restaurants

Breweries & distilleries

 Services 

What is Video Games Tax Relief (VGTR)?

 

Video games tax relief (VGTR) was introduced in April 2014 as part of the Government-backed creative industry tax relief.

To show HMRC your company is eligible to claim VGTR, your company must hold an interim or final certificate for the game you’re claiming for. These certificates are issued by the British Film Institute (BFI).

To obtain certification from the BFI, your company must pass a cultural test, certifying that the production is a British video game. And you can claim VGTR up to two years after a qualifying accounting period.

Image

Does your video game qualify for tax relief?

Your company qualifies for and can claim creative industry tax reliefs if it is:

  • liable to corporation tax
  • directly involved in the production and development of video games eligibility

Your company will be entitled to claim VGTR if the video game is British and:

  • the video game is intended for supply rather than as a marketing tool, for example.
  • at least 25% of core expenditure is incurred on
  • goods or services provided within the European Economic Area (EEA).

If your company qualifies to claim VGTR, your company is also entitled to:

  • an additional deduction in computing its taxable profits
  • where that additional deduction results in a loss, to surrender losses for a payable tax credit.

The games that are eligible for video games tax relief include:

  • video console games
  • games for PCs
  • games for mobile devices, such as smartphones and tablets.

The ‘cultural test’

To qualify for the relief, all video games must pass a cultural test with the British Film Institute (BFI), certifying that the production is a British video game.

You can still send an application if the game is under development, and a final certificate will be made available once completed. The BFI will then review the completed game before issuing a final certificate.

What do you need to start a video games tax relief claim?

  1. Confirmation of the start date and end date of the development of each video game subject to a VGTR claim.
  2. A copy of the interim or final certificate issued by the British Film Institute for each video game underdevelopment during the accounting period, which confirms a game is culturally British.
  3. Details of estimated and actual income for each video game under development, which is subject to a
  4. VGTR claim.
  5. Details of estimated and actual expenditure incurred on the development of each game.

Download our Indie Dev Guide to Video Games Tax Relief here

Level up your finances: the ultimate guide to video games tax relief in 2024

Download

See how we can help you...

We believe in being involved with the local business community and that is why we network extensively, host regular business seminars, write blogs and have many trusted, professional contacts