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 mapping and data management company, which resulted in a client saving of £76,846!
The company is a specialist provider of mapping software for personal and commercial use with related specialism in data usage and management.
In the year under review, the company was involved in the extensive development of a mapping solution that would recognise both inside and outside environments. The routing and visualisation of these mapping solutions was key to the R&D. In addition, the company developed a low data usage of their product on mobile and tablet devices.
Our client have claimed R&D tax credits for several years, and invested its tax savings into enhancing the team and therefore accelerating the R&D solutions.
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.