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 specialist large refrigeration, air conditioning and shopfitting supplier, resulting in a client saving of £57,598!
The company designs and manufactures specialist systems, primarily for the retail sector whilst offering specialist engineering and maintenance support to its customers. In the years under review, they developed a series of design solutions for clients with niche issues such as usage of limited space and unusual shapes, managing city centre noise pollution regulations, removal and redistribution of heat and air circulation and management issues.
Our client used the tax savings from their first R&D claim to invest further into staff retention and product diversification.
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.