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 an oil & gas sector supplier that provide design solutions to the offshore market, which resulted in a client saving of £97,305!
In the year under review, the company designed a brand new, innovative control cabin for delivery in the offshore market, as either field work on site or as part of the decommissioning function. The company designed the prototype, tested it in house and then undertook on site tests to ensure a reliable, efficient solution was provided.
Our client used their tax savings to employ more staff in order to seek expansion and diversification into other markets allowing its customer base to grow.
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.
