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 provides video conferencing technology and patent management tools, which resulted in a client saving of £31,662!
The company designs and builds unique solutions for the video conferencing market, as well as creating a platform for patent analysis seeking to simplify a very complex market.
In the year under review, the company completely redesigned its video conferencing platform, specifically modernised for use on mobile devices, either phones or tablets, and designed a particular solution for the search and rescue market.
In addition, the company is currently working on the integration of highly complex data from a whole series of disparate sources in its patent design app solution.
Our client used their tax savings to invest in further development of its technology and recruit new researchers.
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.