More than half of our SME clients have claimed back some cash courtesy of HMRC.
If you thought that R and D Tax credits were only for companies with a dedicated R and D team, it's possibly time to think again. If your company has developed an innovative process or procedure, or, a new piece of software or product, you are potentially eligible to claim.
Since Sept 2015, our UK team has claimed over £10m for UK SMEs with an average of £61, 514 each. So, if you can tick yes to the following statements, it is worth exploring if a claim would succeed:
Why not get in touch now to check your eligibility for any cashback for you this year or, what could be eligible in future.
Even if your accountant has reviewed your position, it may be worth a further review as our team works with many Accounting practices who recognise an R and D specialist can identify claims for R and D expenditure beyond that of a generalist. (In just two instances recently, one client's accountant put their R&D tax expenditure for the year at £40,000, when it was just short of £500,000, and another believed the client was ineligible.
That client has just received a BACS payment from HMRC of £145,000. These are not big companies; both turnover less than £10million.)
So how do I find out if I am eligible?
Subject to satisfying the above 4 criteria, one of our Kent based team of R and D specialists with experience in your sector will conduct their desktop research. If they believe a claim would succeed, they'll arrange a 10-15 minute phone meeting with you to qualify your potential claim.
With a success rate of 100%, some are disappointed if they don’t proceed to a claim although they will learn what is eligible for a future claim, adding confidence in future decisions about the development of a new product or process.