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 2 year R&D claim for a personal development client, who designs teaching and training solutions for many businesses along with developing a process by which incidents can be investigated quickly and accurately, resulting in a client saving of £23,797!
The company designed a complete system to enhance the process of incident investigation which takes the assessor from the start to finish, efficiently and effectively, thereby reducing costs and the likelihood of error.
In the years under review, the company developed a bespoke app to work on smart phones and other hand held devices. This included the use of real time video technology allowing the device to operate in remote locations, such as an oil rig. In this same period, versions 1 and 2 of the app were created allowing greater flexibility and functionality.
Our client used their tax savings to continue to invest in its market leading technology together with adding to its staff resources.
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.