With a plethora of Government Grants available to businesses of all sizes and in all manner of sectors it is vital to have an expert who not only has knowledge of all these grants but the process to receive them correctly.
There are generally two forms of grant which need accounting consideration:
Revenue based grants
Capital based grants
An important point to note is that when a client receives a government grant, it cannot be recognised in the profit and loss account until the conditions for the grant’s receipt have been complied with, and there is reasonable assurance that the grant will be received. If a client does not comply with the conditions of the grant’s terms, then the grant-making body will more than likely have the right to recover all, or part, of the grant.
Our experts will help clients to fully comply and ensure they receive their full Grant entitlement.