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, including commercial, industrial and residential construction, resulting in a client saving of £13,165!
In the year under review, the company continued work on an on-going project, developing a product for the construction industry that would reduce labour time and offer a lower cost alternative to other products offered in the market on installation as well as reducing health and safety issues.
Our client used their tax savings to financially support their employees during the coronavirus pandemic and to invest further in innovative projects.
Our dedicated R&D team have saved over £20 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.