Adsum calculates the users’ tax credits and VAT refunds every month, future-proofing cashflow by advancing the tax credits as and when needed. This enables users to re-invest the capital up to 12 months earlier than HMRC typically pays out.
Adsum Portal + Xero
Some of the main features are: Real-time tax credits We’ll use the live information in Xero to automatically calculate all your tax credits with speed and accuracy.
You’ll be able to see what you’ve earned this month, last month, yesterday - even today - including any:
● VAT credits & refunds ● Corporation tax refunds ● R&D tax credits ● Creative Industries (Film / TV / Video Game tax credits)
You can discover and bank your tax credits in real-time. You’ll always know exactly how much your entitlement is - without ever needing to so much glance at a calculator or call your accountant because all the information you need will be at your fingertips. Instant access to your credits
You can view your tax credits balance instantly and, if you’d like to get an advance payment, then you can cash them in with just a couple of clicks. Adsum offers two funding options; either a single lump sum advance or a rolling monthly advance based on your eligible spending.
So instead of waiting up to 12 months to bank your tax credits from HMRC, we can advance them to you in as little as 24 hours.
At Adsum our users have real-time visibility and control over their tax credits. By having immediate access to their tax credits in real-time, with the ability to get immediate advances of the funding you’re owed at the click of a mouse, embedded within the Xero ecosystem users can now access advances of their tax credits on their terms and when they need the funding, boosting their cashflow and unlocking their potential.
Instant syncing We’ve made sure that syncing with Xero is a breeze - you just need to log into your account on the Adsum platform and hit ‘Sync’.
This sets up the connection for instant calculation and advance of all your tax credits. Plus the option to opt-out You retain total control. If you’d rather we didn’t update your Xero balance sheet then you can select the read-only Adsum connection instead - and you can switch it off at any time.