Research & Development Tax Credits
Are you missing out?
Don’t let your business be one of the many eligible small businesses missing out on this government tax relief scheme. Allow us to explain and walk you through it!
R&D tax credits explained
It can be claimed by businesses seeking to research or develop an advance in their field.
Latest figures show that HMRC paid out £800m in R&D credits to over 16,000 small and medium sized companies last year, an average of £50k per claim. Companies in London and the Southeast made the majority of these claims.
Are you eligible?
The benefit of claiming
That’s cash credit directly to your bank account, or a reduction in your tax bill of roughly 20-25% of the amount spent directly on R&D.
Another benefit is that the relief applies to all projects, including those that may have been unsuccessful. And you don’t have to be a profitable business: Loss-making or businesses that break-even may also qualify for a payable tax credit of up to 33% of your qualifying R&D costs.
Want to know more?
Visit our knowledge base for more key facts as well as our tips for preparing your claim.
“The R&D claim they recommended and helped us apply for, has covered their charges for the next 3 years, which is just one example of how their services have been shown to be a rewarding investment.”
How we work
We specialise in this area and have successfully claimed R&D tax credits on behalf of many tech companies. We do this by:
Reap the rewards
Book a call with us to discuss how the tax credits could help your business.