We are here to help
Motorsport Professionals
We'd like to share our expertise with you...
Our specialist accounting and tax team are able to offer a range of tailored serves to Motorsport clients. We have many years of experience in assisting our clients in the motorsport industry across the country.
Alongside the more traditional services such as preparing the statutory accounts for the business, we are able to offer a range of accountancy services such as management accounts and payroll services.
Supporting your business
Our expert advice and knowledge means that we work to generate significant value for our clients.
With the support offered by our corporate finance team, we work with clients on both the acquisition and disposal of their businesses offering lead advisory, due diligence and valuation services.
Our specialist tax team can assist in applying for, and, where necessary, negotiating with HMRC, to assist with any research and development tax claims.
Additionally our our clients are able to take advantage of a suite of tax planning services which offers further benefit to your business.
CASE STUDY: White Motorcycle Concepts
White Motorcycle Concepts Ltd (WMC) have recently revealed the much-anticipated WMC250EV, the most aerodynamic motorcycle in the World.
The team at WMC have spent years developing and fine-tuning their design aiming to set a new land speed record for a semi-streamlined electric motorcycle.
Alongside the speed record, the WMC250EV aims to achieve twice the mileage for the same electric charge as the current electric motorcycle market equivalent.
The WMC250EV differs from most land speed record bikes by maintaining a conventional seat height but with the addition of a vast duct that runs straight through the bike. This duct, named V-air, forces air through the bike, rather than around it. Comprehensive wind tunnel testing shows the bike’s innovative design reduces wind resistance by 70% compared to market-leading performance production bikes.
Our team have assisted with payroll, funding and, importantly with a project of this nature, with Research and Development tax credits.
Dan Roberts, Partner at Cottons, commented “As a firm, we are proud to be able to offer our services to businesses like Whites Motorcycle Concepts who look to break convention and innovate. We are excited to continue to help the team as they look to break world records and launch their ground-breaking technology worldwide.”
Cottons can assist your business with many aspects including:
- The start-up and formation of your business
- Setting up a limited company for your business if required
- Raising finance and assisting with any grant applications for your business
- Preparing statutory year-end accounts
- Assist with cloud computing solutions for your finances ensuring your business is “Making Tax Digital” compliant
- Ensure you are fully tax compliant.
- Preparing your self-assessment tax returns
- Manage any bookkeeping required
Here to help you
By choosing Cottons you will ensure that you and your business are not at risk of incurring and penalties from HMRC.
We understand that choosing an accountant for your business can be daunting, that’s why we offer a free, no-obligation meeting with a member of a team to help answer any of your questions. Click here to fill in our short form and a member of our team will get in touch
