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 R&D claim for a supplier of agricultural machinery, resulting in a client saving of £45,172!
The company offers bespoke designs to resolve specific issues for its clients in the farming sector, with their design team producing detailed modifications and testing the solutions in live farming conditions.
This marks the company’s third R&D claim and in the year under review, they created a series of designs to enhance root vegetable harvesting operations. The variables included weather, terrain, production throughput, crop damage, power and many other matters. The work involved had an e-design, test and re-test approach.
The company used its tax savings to invest in staff training and further recruitment.
Our dedicated R&D team have saved over £23 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.
