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 a client who design and manufacture professional garage servicing equipment, which resulted in a client saving of £15,321!
The company are world leaders in motor testing technology and focus predominately on brake fluid testing equipment, which is often unique to each model of car due to the way different cars are built.
In the year under review, the company underwent further developments to their existing brake fluid tester to ensure it continues to be a market leading product which resulted in reducing the size and cost of the existing brake fluid tester as well as improving functionality. They also researched coolant changers and lifting equipment for electric vehicle battery packs.
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.
