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Looking to cut your costs? If you have developed or are in the process of developing a new or appreciably improved product, process, or software system and are having to overcome scientific or technology challenges in the process, then your company can qualify for this valuable benefit!
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Do you employ scientists, engineers, software developers or technicians?
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Have you developed a new product?
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Have you appreciably improved an existing product?
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Have you improved an existing manufacturing process?
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Have you conducted in-house R&D?
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Have you developed software in-house?
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Are you a Small or Medium-sized Enterprise (SME) that has subcontracted out any of the above?
If the answer to any of these questions is ‘yes’, then you could be eligible to claim R&D tax relief.
The benefit can be a cash credit to your business that is worth as much as 24.5% of your company's expenditure on Research and Development. That's right - if you employ only 4 software developers performing eligible work at £25,000 each, you could be entitled to a cheque from HMRC for £24,500!
Our founder, Micah Levy, has assisted all sizes of companies with more than half a billion pounds of R&D tax relief claims while working for one of the 'Big 4' accounting firms, has published industry-leading guides and is now available to provide you with the same expert advice. We frequently work on a 'no-win no-fee' basis - we will only charge you if your R&D claim is accepted by HMRC.
Call now on 020 3004 9243 or contact us electronically for more information.
If you are looking for government grants, sources of funding, extra financing or simply for ways of cutting costs, R&D tax credits may provide your business with an extra annual income stream. If you are considering patenting your product, although not conclusive, this can provides useful evidence of qualification. The UK government and HMRC want to incentivise new product development and innovation in the UK, particularly amongst SMEs and other small businesses. The R&D Tax Relief scheme is the prime method for achieving this. If you employ scientists, engineers or software developers then you should investigate the potential to claim R&D tax relief which can reduce their effective employment costs. The UK R&D scoreboard as well as industry statisticsshow that R&D tax credits are being claimed across many industries including banking, manufacturing, engineering and IT services. We frequently provide no-win no-fee arrangements for claiming R&D tax credits and work in partnership with your regular tax advisors or accountants.
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