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. 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 2 year R&D claim for a well-established farming business based in the North East of Scotland, resulting in a client saving of £33,275!
The company produces crops for a number of different sectors and is continually developing innovative ways to increase yield and improve the quality of its produce.
In the years under review, the company trialed new ways to control and minimise disease within their crops. The new methods developed had to be cost effective and provide a practical commercial solution that could be used in place of certain agrochemical that were being de-registered or discontinued. They also started a number of different trials that will continue over a number of different years to assess the results in different seasons and under different weather conditions.
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.
