As we battle with the economic situations we face, cash flow and sustainability are a worry for many business owners. But what if you had a funding option you didn’t even know you qualified for? Think Research and Development Tax credits!

R&D tax credits are an incentive to reward companies engaged in innovation. They allow you to reclaim up to 33p for every £1 of your R&D costs, even if your project failed! Many businesses do not consider their business activity to involve research and development. The government criteria is purposefully broad, meaning that no matter the sector or size of your business there is scope to qualify!

We work closely with our clients, guiding them through the process every step of the way from the first fact finding meeting though to receiving their tax credit.

For taxation purposes, Research and Development (R&D) occurs when a project is designed to advance overall scientific or technological knowledge. Eligible businesses may claim a cash credit or Corporation Tax deduction, recovering some of their R&D expenditure. This benefit remains available even if the company is loss-making.

The good news is, we won’t charge you unless your claim is successful… so what is there to lose?

Give us a call on 01332 292022 or arrange a free consultation.