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 large kitchen/furniture manufacturer based in Scotland that specialise in student residences and other high volume locations, resulting in a client saving of £17,750!
The company designs and builds functional, yet hard wearing, furniture that can withstand the rigours of student life and usage. Their designs are cost effective and robust, whilst remaining in keeping with the rest of the property.
In the years under review, the company developed a system to reduce water damage caused by water ingress in kitchen worktops by designing a cover to an existing worktop. In addition, the company worked on a series of projects to redesign its own metal frame furniture and designed a bespoke production and delivery planner, to make sure they remain at the forefront of their specialism.
Our client used their tax savings to invest further into redesigning its own systems to ensure maximum efficiency.
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.