- software development, subcontractor costs, technical analysis, de veloping or enhancing manufacturing processes and hardware costs.
- There are many other areas of R&D that could also be included.
Do I qualify for R&D tax Credits?
All LTD companies, whether they make a profit or loss, can qualify. They have to show that they have developed new products or processes, improved existing products by making them “better” in a measurable way, diversified into new markets by extending their product range or more generally, overcoming real world uncertainties they didn’t know the answer to.
Am I an SME?
For the purposes of R&D, an SME is a company that has a turnover of less than £90m, Assets of less than £78m and less than 500 staff.
How long does a R&D claim take?
HMRC online states they will process 95% of all claims within 28 days of receipt. From time to time they have back logs, but on the flip side, some claims take as little as 2 weeks. The average time for our clients to receive their awards is 31 days
Can you work with our existing accountants?
We have numerous accountants who use our services as a value add for their clients
How much work is required to make a claim?
We will request as much of the info needed during the first call and will contact you at the convenient times if we need more. We aim to publish reports within 5 days of the initial contact.