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 competes in UK motorsport at a high-level, which resulted in a client saving of £14,437!
Motor racing relies upon the constant quest for research, developing and testing of new theories and ideas, in an attempt to find ways of improving performance of the vehicles operated. In the year under review, the client worked to develop and increase efficiency, consistency and performance of the braking system.
Our client used their tax savings to reinvest into the company in readiness for the resumption of the 2020 race calendar.
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.