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 well-established dairy and arable farm based in the East of Scotland, resulting in a client saving of £45,780!
The company is a leader in its market and utilises technology to reduce mortality and improve the health of the herd, increase yields and quality and improve breeding processes.
In the years under review, the company worked on a number of different projects to improve the health of the herd, reduce reliance on antibiotics, improve the yield and quality of their outputs, and reduce costs. These included projects that focused on the new calves from birth, through to on-going health of the cows and bulls.
Development was also undertaken on the breeding process to make improvements in maintaining and achieving the desired herd and reducing negative traits, thus further improving the health of the herd and reducing mortality rates.
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.
