Claim Value: £36,500
"Software and IT Communication Company receives £36,500 in R&D tax credits."
This firm received double the amount of R&D tax credits expected when randd completed the required forms in a rapid two days to beat the close of the financial tax year.
The company are a specialist IT consultancy that provides consultancy to customers globally.
Following their initial meeting (which took just two hours) randd had just two days to turn the claim around before the end of the financial tax year. Claims can be backdated up to 2 financial years so submitting the claim before the deadline was essential to ensure the client received the maximum reward. Despite time pressures randd was still able to fully understand the company which enabled them to secure double the amount of R&D tax credits expected.
The £36,500 randd secured enabled the business to set up a dedicated Research and Development department which in turn has provided a point of differentiation against the competition and enabled the production of innovative and bespoke solutions. This investment provided the firm with an excellent platform for growth, with their team expanding by over 50 members of staff in a two-year period.