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 family owned food processing business, which resulted in a client saving of £130,998!
In the years under review, the client undertook several R&D projects including the design of a brand new cleaning system designed to clean out pipes quickly and in an environmentally friendly manner. Another was designing a whole new production process to optimise output for their clients who used glass jars, ensuring long lasing, quick and efficient processes.
Our client used their tax savings to reinvest in its team and in redesigning its factory layout in order to comply with updated coronavirus safety guidance.
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.