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 computer software client, who specialises in creating business apps for use in simplifying the business and accounting requirements for small and medium sized businesses, which resulted in a client saving of £78,197!
The company creates carefully designed and structured business solutions to allow for quick, efficient and accurate processing of data yet providing robust data integrity and security in the face of many cyber threats.
In the year under review, the company worked on its automatic bank feeds and the completeness and accuracy of the data supplied to the user. They also continued work on a bespoke Making Tax Digital project along with a new product to assist in the analysis of bank data.
Our client used their tax savings to bolster its development team to allow for quicker implementation of its products.
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.