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 well-established vegetable producer that supply a wide range of products, which resulted in a client saving of £70,893!
In the year under review, the client delivered a series of projects that included growing new varieties of crops for benefits such as increased yield, reduced waste, better shelf life and better taste. They also developed suitable production processes for high quality end products that are produced on a large scale whilst also allowing for the effects of seasonality, and ensuring the required shelf-life can be achieved through the optimum packaging and storage.
Our client used their tax savings to continually seek to expand its range of prepared vegetable products and offer innovative food products to its customers.
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.