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 construction client based in the North East of Scotland, resulting in a client saving of £30,865!
The company supplies construction products to various markets including construction, farming, horticultural and oil & gas.
In the years under review, the company worked on developing new products that were better alternatives to those already available in the market. This included the products being applied for a wider variety of uses or for use under different conditions, being easier to install, or being more environmentally beneficial due to using recycled raw materials or utilising other waste products. In doing so, the company had to develop products that were of a high quality, were durable and could also be manufactured cost effectively.
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.