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 2 year R&D claim for a client that specialises in the design and production of fish dredging gear, resulting in a client saving of £26,690!
The company designs and builds prototype products for testing in the North Sea, ensuring that these are efficient as well as highly functional in rough conditions.
In the years under review, the company designed a scallop rake solution using robotic techniques. This entailed much design, testing and redesign as the company sought to ensure an efficient, low cost but effective solution to fishing problems. In doing so, the company trialed many different materials, designs and testing methods.
Our client used their tax savings to invest in its workforce and its skills to ensure it remains at the forefront of this niche, but competitive market.
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 email our R&D Taxperts or for more information, visit our R&D page.
