If you’re an innovator in your field, you could be missing out on R&D tax credit. We’ll make sure you benefit from the latest reliefs.
You don’t need to be conducting ‘blue sky’ research to claim research and development tax relief – you just need to be a trailblazer. If you’re developing new products, improving existing products, devising new industrial processes or creating bespoke IT solutions, you could benefit.
Although R&D tax relief has been available since 2000, the rate of relief you could be entitled to has risen dramatically in recent years. For example, a company that invests £10,000 in qualifying costs could reduce their corporation tax bill by £2,600. Staff wages are often a qualifying cost, so you could be investing a lot more than you realise.
Over the last three years, we’ve saved our clients over £5 million in tax through R&D tax relief, working within a wide range of industries:
- Software and web development
- Marketing and lead generation
- Financial services
- Food and drink
- Electronics and control systems
- LED lighting
- Product design
On average, our small- and medium-sized clients save around £20,000 per year using this valuable relief.
We also have experience of dealing with ‘Above the Line’ R&D tax credit for large companies and smaller companies that receive grant funding. If you think you could qualify for R&D tax relief, we’ll arrange a no-obligation meeting to discuss your activity and determine whether a claim is likely – call us on 01242 776000 or submit an enquiry today to find out more.