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 who supplies stock hatching eggs within the UK, resulting in a client saving of £21,910!
The company focuses their attention on the wellbeing of birds and the production methods used, specifically to improve the volume and quality of the eggs. In the years under review, they developed a feeding system designed to feed the birds evenly and regularly in order to ensure they were relaxed as this ensures better laying conditions. In addition, the company has also developed a lighting system plus a biomass heating system again in order to prioritise their wellbeing.
Our client used the tax savings from their first R&D claim to invest further into production efficiency methods.
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.