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Research and Development Tax Credit Scheme

Average claim over

£49,OOO

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0330 0539 112

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Keeping R & D tax credits simple

We’ll maximise your claim in the quickest time and do our business with you in mind.

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Don’t miss out on your R and D tax credits

Are you in the 90% of UK businesses not getting your Research and Development funding?

Your investment into new services, systems or products entitles you to a corporation tax deduction or tax refund from the government. The Research and Development Tax Credit Scheme is the UK government’s way of rewarding the investment you make into an R and D project.

The funding is ready to be claimed but an estimated 90% are missing out because they simply don’t know about the scheme or think it doesn’t apply to them. With .26p available for every £1 you spend it can really make a big difference to your business’ future.

Claim R & D tax credits
An estimated 90% are missing out

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Steve Jobs said, “Innovation is the only way to win.”

We can help you win by claiming back the R and D Tax Credits that you are entitled to.

Does my business qualify for R & D tax credits?

If you’re reading this, then you already have some inkling that your business could be entitled to claim for Research and Development Tax Credits.

In our experience, those who think they might have qualifying costs usually do and end up with an average of £49,000 back in the bank.

To start with you must meet the basic criteria listed here:

  • A limited company
  • Registered in the UK
  • A going concern
  • Paying UK Corporation Tax
  • Submit GAAP accounts
  • Be autonomous – not part of a larger company or a sub-contractor

What our R&D tax credit service offers

Despite the substantial financial benefits, only a tiny percentage of those who are eligible for this Tax Credit actually apply. We work with both SMEs and Large Companies to ensure they maximise this funding opportunity, using the correct R and D scheme for the individual business, with a 100% success rate. We will also highlight any other projects that might qualify within the last two years and moving forward.

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Our fees

  • No success means no fee
  • Great value 15% fee
  • No upfront payment
  • No long term contract
  • Fee capped at £25,000

Two years to claim

The scheme lets you backdate a claim within 24 months of the end of your accounting period.

You don’t have to make a profit

Even if you are making a loss you can still have a valid claim.

Average R and D claim worth £49k

Most people think this credit is worth, maybe, a few hundred a year. Try, a few thousand!

This one makes us want to go full toddler tantrum with frustration. So many businesses are missing out on so much extra funding. Our average claim is worth £49,000.

There are some detailed calculations involved, but a reasonable guideline is a repayment of 25p on every £1.00 you spend on R and D projects.

How we can help…

By combining our experience and expert knowledge, we optimise every R and D tax credit claim.

Qualifying expenses

Don’t be misled into believing that the definition of ‘qualifying costs’ just means ‘materials we used’.

It definitely isn’t limited to materials, other qualifying costs available are:

Staff (proportionate to time spent on the R and D project), medical trials, consumables, utilities, software, subcontractors, capital expenditure, subcontractors.

R & D tax credits
Finding everything that qualifies

How we can help…

Hunting down all those elusive ‘qualifying costs’ is what we do and the list is certainly not limited to mere physical materials. Hardly any businesses have all their R and D costs conveniently contained in their R and D department’s work; most are interconnected with daily work across the company. So often they are not recognised as R and D and, therefore, not identified as potential tax credit qualifying cost. That’s why you need our expert knowledge and dogged determination to extricate all of the qualifying costs for the entire project.

How to know if your project qualifies

You may have dismissed applying for these credits before because you were thinking something along the lines of, ‘Pretty sure nothing we’re doing is going to qualify as ‘innovative’ – it’s not like we’re inventing the next iPhone over here!’ Most people, wrongly, assume that all R and D only involves lab-coated scientists and a declaration of a new discovery at the conclusion of the project.

According to HMRC, a project that “…seeks to achieve an advance in science or technology through the resolution of a scientific or technological uncertainty…” qualifies. It doesn’t even have to be a successful project. It certainly doesn’t require the production of a new product – the key word is “seeks”.

How we can help…

Through targeted questioning based on extensive experience, we determine if your project falls within HMRC’s definition at the start of our collaboration.

How to understand the R and D manual

You are too busy growing your business to be doing this yourself and even your very well-qualified accountant may have told you how difficult it is to navigate the application process. The regulations are detailed and complex – but that’s what you hire us for.

How we can help…

Our specialist understanding of this tax niche enables us to be the interpreter between your project and HMRC. We prepare the numbers and the report, submit your claim to HMRC and deal with any communication. We see you through the entire process; from first call to final cheque.

Despite the substantial financial benefits, only a tiny percentage of those who are eligible for this Tax Credit actually apply. We work with both SMEs and Large Companies to ensure they maximise this funding opportunity, using the correct R and D scheme for the individual business, with a 100% success rate.

We will also highlight any other projects that might qualify within the last two years and moving forward.

Get in touch …

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Need advice?
Call us on:

0330 0539 112

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