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 UK motorsport company, which resulted in a client saving of £14,317!
The company continuously develop and make improvements to their cars to improve speed, efficiency, steering, braking, etc. All of which lead to faster lap times and enable them to compete effectively.
In the year under review, the company focused on traction under cornering to resolve understeer issues and enable the car to take corners faster whilst also being safer and reducing wheelspin which leads to faster tyre wear and a noticeable drop in performance and reliability of the tyre.
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.