Overview
Novel is a modern way of preparing claims R&D tax relief claims. Reliable software for statutory accounts and corporation tax returns is widely used within the accounting world. However, when it comes to completing R&D tax relief claims, many advisors settle for Word and Excel. With increased regulation, scrutiny and filing requirements, complement your service with a platform that validates reports, monitors compliance and boosts productivity.
Offering visual timelines and a seamless user experience, Novel aims to transform your process of completing technical and financial narratives into an engaging journey. With an intuitive interface that provides clarity and transparency, you will have full visibility into every aspect of the claim.
Novel + Xero
Xero and Novel integration helps businesses quickly and effortlessly import necessary financial information to their R&D tax relief claim. Novel will import information from Xero, such as the type of cost and the amount, while the built in tax calculators will automatically apportion the costs you’ve imported to meet all the required HMRC guidelines. This helps save time by removing the need to manually extract and upload costs.
With the information you add from Xero and provide externally, you can also benefit from other Novel features, such as a centralised place to review how much you are spending on your R&D projects and how that number changes throughout different claim periods, as well as other features.
Getting started
Here you will find a step by step breakdown on how to get started with Xero and Novel, including pictures.
