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 ready-meal manufacturer, supplying both chilled and frozen products to both retail and food service markets, resulting in a client saving of £33,132!
In the year under review, the company worked to improve efficiencies and produce higher quality products by reducing cooking times, reducing energy consumption and reducing waste, which also created an environmental benefit.
Our client used their tax savings to continue their development of new products and recipes to expand its range within specific markets which has to meet specific criteria in terms of nutritional values, flavour, packaging and shelf life.
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.