Unsure if your business could qualify for a Research and Development Tax Credits claim? Often the biggest problem for companies is recognising what activities are eligible for the Research and Development Tax Credit scheme. Our team has a diverse business background, supported by accountants well-versed in Research and Development Tax Credits claims. This expertise allows us to easily highlight areas of process and product development that our clients (and/or their accountants) may have overlooked as qualifying for research and development tax incentives.
WHICH TYPE OF SCHEME WILL YOU BE APPLYING FOR?
There are two Research and Development Tax Credits claim schemes which HMRC operate: the Small and Medium-sized Enterprises and the RDEC Schemes. Companies can claim relief on their research and development activity through either scheme, depending on their size, turnover and balance sheet.
Small and Medium sized Enterprises (SME) R&D Relief
A company is usually considered an SME for Research and Development Tax Credits purposes if they have fewer than 500 employees.
Research and Development Expenditure Credit Scheme (RDEC)
RDEC is for larger companies who exceed the SME threshold. So it’s best to speak to us about this so we can clarify your company’s position.
IS IT TIME FOR YOUR REALITY CHEQUE?
A ‘reality check’ is an occasion that causes you to consider the facts about a situation and change previous opinions, ideas or beliefs. You might also think of this as a ‘light bulb’ moment.
A randd uk ‘reality cheque’ is the point in our conversation with a new client when they suddenly realise that they do indeed have the basis of a successful Research and Development Tax Credit claim (in spite of possible initial scepticism) and that this is likely to lead to them receiving a large cash payment from HMRC in the near future. Then it really does become a ‘Reality Cheque‘.
OUR R&D TAX CREDITS CLAIM PROCESS
Think it’s not for you? randd uk specialise in R&D Tax Credit claims and find it takes a straightforward chat of about an hour over a coffee to dispel that common misconception and identify the significant financial benefits for yourself.When speaking with businesses, there’s always a ‘Reality Cheque’ moment. It typically comes after we’ve been discussing a product, system or process they have spent money developing, improving or testing which much to their real surprise and delight, we believe could be the basis for a claim.
MEET OUR R&D TAX CREDITS SPECIALISTS
If you believe you and your company can qualify for research and development tax credit relief, contact our team of tax credits specialist