Research & Development Claim Settled!
In our experience, Research & Development (R&D) refunds are often used to reinvest for growth and preserve cash flow. At a time 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 R&D claim for a client who designs and fabricates bespoke safety equipment, resulting in a client saving of £50,869!
The company develop equipment for use for a wide range of applications in a series of different sectors, for purposes such as operation, access, manufacturing, assembly or maintenance.
In the year under review, they designed and manufactured equipment for a series of bespoke applications. Between the different items of equipment, there were different requirements such as having to provide a safe working environment or safe access, be easy to use and easy to manoeuvre for the individuals using the equipment, being easy to install and use within restricted spaces, be compact and easily stored, support other items of equipment, not cause unnecessary noise when in use, whilst also meeting cost restrictions.
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.