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 2-year R&D claim for a well-established snack manufacturer, which resulted in a client saving of £13,828!
Supplying products to both the UK and overseas, the company continually seeks to expand its range of products and offer innovative food products to its customers.
In the years under review, the client trialed different methods and timings for cooking their products, using alternative ingredients, and investigating alternative equipment, in order to adapt the company’s existing products to meet government health targets and changing consumer tastes. They also started development on a new type of healthy snack that would allow it to offer a unique product to its customers and expand its product range.
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.