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 IT security company, which resulted in a client saving of £53,114!
The company deliver a range of custom venue access control and membership systems, enabling fast, smart and secure governance of entry and exit to venues.
In the year under review, the company adapted their existing event access system with the aim of becoming the first fully integrated event access and accreditation access system, and investigated the use of Ultra High Frequency contactless chip reading technology.
In addition, the company made further developments to the access system to facilitate venue access using an Apple or Android device, rather than a paper ticket or card.
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.
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.
