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 family run food and drink vendor that aim to develop products that are fresh, tasty, healthier and more innovative than traditional products, which resulted in a client saving of £11,568!
In the year under review, the client saw an increased demand for plant based items and worked on a number of projects to develop their own vegan products which also maintained the same high standard their customers expect. They also created procedures to keep vegan products entirely separate to avoid contamination from meat products.
Our client used their tax savings to continue work on developing their recipes and processes to produce products that meet the company’s high standards.
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.
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.
