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 Taxperts completed a R&D claim for a designer and fabricator of bespoke safety equipment, which resulted in a client saving of £43,664!
The company develops equipment for use for a wide range of applications in a series of different sectors, for purposes such as access, manufacturing, assembly or maintenance.
In the year under review, the company designed and manufactured equipment for a series of bespoke applications. Amongst the many requirements, the equipment had to provide safe working environments (and in some cases to replace existing unsafe equipment to reduce workplace accidents). They also had to be easy to use and manoeuvre for the individuals using the equipment, allow the required access for each scenario, be adaptable and easy to store when not in use, whilst also meeting cost restrictions.
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.