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This highly specialised area can deliver tax relief for companies that have products in research and development. We can identify whether a product will meet the criteria, submit a claim on your behalf and advise on the tax relief available.
Our team can help maximise the amount of tax relief you are able to claim through R&D relief or R&D tax credits.
If your business is spending money on research and development, we ensure that you receive your maximum R&D incentive, which stands up to HMRC enquiry. This could be by increasing tax deductible expenditure or claiming tax credits.
R&D projects must be seeking to achieve an advance in overall knowledge or capability in a field of science or technology in order to qualify for R&D tax relief. We help you to identify your qualifying activities and expenditure which can include:
Your business needs to provide evidence to HMRC for how the project made an advance in the fields of science and technology by documenting:
We guide you through the full process from initial review, calculating the tax relief, submitting the additional information form to HMRC and submitting the claim and narrative to support the company corporation tax return.
If you would like more information or would like to speak to us direct then call us on 01926 407611. Or if you would prefer, ask us a question online.
08 Jul 2024
The UK's business groups have pledged to work in partnership with the new Labour government to revitalise the nation's economy.
The UK's tax gap estimate rose to a record to £39.8 billion in 2022/23 as small businesses accounted for almost two thirds of unpaid tax, according to HMRC's data.
The team are associated with a number of professional bodies which regulate their members to ensure clients receive high quality advice.