Chartered Accountants
Research & Development Claim Settled!
In our experience, Research & Development (R&D) refunds are often used to reinvest for growth and preserve cash flow. During these uncertain times when businesses must do all they can to survive, it is critical to consider all options available to maintain cash inflow.
Recently, our EQ Taxperts completed a R&D claim for a software development company, resulting in a client saving of £553,767!
In the year under review, the company developed an integrating solution to allow one of its Business Intelligence products to link with remote management products. The efficient warehousing of massive quantities of data was a challenge taken up by the company with data migration options reviewed and tested.
The large increase in use of mobile and tablet devices has required core products to be adapted to ensure that the user experience of complete, accurate, secure and fast presentation of data was optimised. The company produces proof of concept designs in the first instance and then builds prototypes for testing, mainly on site, after which, if trials are successful, it proceeds to building a full scale machine for implementation.
Our client used the tax savings to retain its amazing team, and to enhance its R&D efforts in seeking to resolve a further series of challenges facing their sector.
Our dedicated R&D team have now saved over £19 million for our clients. Claims may require only 3 to 5 hours of your time and can be done largely over the phone with the likely result of significant tax refunds. We do not tie you into contracts and will do as much or as little as required to help businesses, the important point being to make a claim to generate cash flow.
If you would like to discuss your own circumstances to see if you are eligible to make a claim, please get in touch with David or Ross.
For more information, please visit our R&D page or to read about other claims we’ve submitted, take a look at our R&D case studies.
