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 company that supplies products to the construction industry, resulting in a client saving of £82,339!
In the year under review, the company worked to develop a product for the construction industry that would offer a wider range of colour combinations and would also be superior to existing products in terms of quality and durability.
Our client used their significant tax savings to continue developing the projects as the company had not yet achieved the consistent high standards required in their end products.
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.