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 a specialist engineering company, which resulted in a client saving of £38,457!
The company designs duct and air conditioning solutions. They build the prototypes for testing, then works these results into the final product or solution for key sectors such as environmental and nuclear.
In the year under review, the company worked on a series of projects designing and creating solutions for their clients. An example project was creating specialist duct work in order to ensure, in certain key locations, that a fire which started could not spread quickly, thereby allowing time to allow for emergency support to arrive. This is an area where a number of engineers are striving to provide a solution and our client is at the forefront of this work, being a leading specialist supplier to the nuclear sector.
Our client used their tax savings to further the development of its workforce and the innovative solutions they provide.
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.
