As a business owner, you’re probably already undertaking some forms of research, or putting resources into improving other aspects of your business. This is exactly the kind of activity that can be funded by claiming R&D Tax Credits.
With our highly experienced know-how and expertise in claiming this financial benefit, we can help you take your business to the next level, whilst supporting you the whole way.
The Government wants to incentivise businesses to undertake research to improve processes, procedures, and productivity.
Tax Credits give your business cash to achieve this, so you can invest in your next phase of growth whilst staying ahead of your competition.
Spending money on research and innovation makes you eligible to claim tax relief on this spend. This tax relief can be taken as either a cash payment and/ or a reduction in your Corporation Tax.
There is a wide spectrum of activity that can count as R&D, in virtually all sectors, so it’s a benefit well worth applying for. For first-time claimants, the tax relief will usually cover for your last two completed accounting periods.
There are many types of activities that can count as R&D and make you eligible to claim. Eligibility covers many business sectors and typically, the activity can be creating new products, services, or processes, or modifying and improving existing ones.
Our expert team will guide you through your application, ensuring you maximise your chances of receiving a successful claim
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