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 Taxperts completed a R&D claim for a specialist computer software client, who designs and develops spatially intelligent platforms, which resulted in a client saving of £113,006!
The company built a commercially usable platform which is designed to enhance user experience through smart, autonomous technology that have a variety of applications such as insurance and communications.
The design of the platform generates a number of challenges such as data storage, using real time data and algorithm validation all of which must work in tandem to produce greater accuracy. In the year under review, the company undertook mapping, insurance and rating projects using the core technology to build innovative, one stop user solutions.
Our client used their tax savings into the further development of its core technology and adding to its team of developers.
Our dedicated R&D team have saved over £22 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.
