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 producer of bespoke agricultural machinery, which resulted in a client saving of £89,379!
The company designs and builds bespoke agricultural machinery which would otherwise not withstand the challenging Scottish terrain.
In the years under review, the company undertook several major projects that redesigned basic grade, unworkable, large machinery to make them more efficient, flexible and fully functioning equipment for Scottish customers.
Our client used their tax savings to further invest in its own team to continue to be at the forefront of this market in the UK, and seeks to expand its operations throughout Scotland.
Our dedicated R&D team have saved over £21 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.