Chartered Accountants
Meet Our R&D Taxperts – Sandi Drummond
R&D Tax Credits are a government-backed initiative designed to encourage innovation. Successful claims can provide a valuable source of cashflow for eligible companies, allowing businesses to invest back into the company.
At EQ, we have a dedicated team of R&D Taxperts that submit claims on behalf of our clients. To date, they have helped claim over £22m of tax savings for our clients, many of which are delivered on a yearly basis.
As accountants, tax and business advisors, we spend time getting to know clients’ businesses, allowing us to fully explore the scope of a potential R&D claim. This has allowed us to ensure that every claim submitted has benefitted the client, resulting in significant tax savings to invest back into their business.
We spoke with our Manager, Sandi Drummond, and asked her to provide advice to anyone considering making a claim or changing providers.
How long have you been completing R&D claims for?
“I have been part of the R&D team since joining EQ in 2015, so I’ve been completing claims for around six years.”
What kind of claims have you been involved in recently?
“I have recently submitted a claim for a client who operates a dental practice that specialise in cosmetic dentistry, designing and manufacturing of market leading dental implants. In addition, I have also worked on several claims for clients operating within the IT sector, ranging from those who develop security solutions for large corporations to those developing cutting edge accounting software. One of those R&D claims was for a software development client, which resulted in a client saving of £553,767.”
You can read the case study in full here.
What do you enjoy most about helping clients claim R&D tax credits?
“Producing R&D reports requires you to have an in-depth knowledge of your client’s R&D projects, and I enjoy learning about all of the exciting and innovative projects our clients are involved in. It’s also great knowing you are helping clients reap some rewards for their efforts in seeking to be innovative and at the forefront of their respective industries.”
What advice would you give someone who may be unsure if they are eligible to make a claim?
“No sector is prohibited from making an R&D claim. If you are unsure at all whether you qualify, please seek advice from a member of our R&D team who will quickly determine your eligibility as well as providing an assessment of the savings that could be available to you.”
If you would like to discuss your circumstances with Sandi or any of our R&D Taxperts, please don’t hesitate to get in touch. We will never tie you into a contract and would be happy to have a no obligation discussion to see if we can help you make a claim.
You can email us on R&[email protected] or call any of our offices to arrange a chat with our of our team.
