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 bakery client that specialises in traditional Montreal style baking, resulting in a client saving of £50,097!
The company has a chain of bakeries in Central Scotland that offer products that use Montreal’s traditional methods, flavours and recipes.
In the years under review, the company worked on developing new products to expand their menu to provide a more comprehensive range of vegan, gluten free and Kosher options. They also continued work on perfecting their recipe for authentic Montreal style bagels, including various new flavours.
During lockdown, the client also developed and created a new product where all the proceeds went to supporting various Scottish charities.
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.