With the increase in inflation and the cost of living at an all-time high since 1992, businesses are looking at ways to inject much needed capital back into their business or investigate ways in which to limit or significantly reduce their current tax liabilities.
The schemes are hugely beneficial for all businesses and in the last 12 months we have successfully helped secure our clients in excess of £5,000,000 in tax returns.
Our specialist industry tax consultants work with you to understand your business and where R&D is applicable. Once identified we do all of the work ensuring a maximised but most importantly compliant submission is made. Most companies receive their relief within 28 days of submission.
Within the Software and IT sector there are a number of potential areas typically missed or discarded as not applicable to the scheme, this is why it is important to work with an agency that has industry experienced consultants on staff to help guide you through the process.
When considering R&D, it isn't so much around the new features and functions but the processes and integrations needed to make these new functions work.
* Integrating VR, AR and AI with something else to create a new product or process.
* Integrating disparate data systems in a new or untested way i.e. integrating CRMS with other software or databases.
* Creating custom middleware
* Advancing platform functionality that isn’t readily available
* Complex CMS integration
* Developing bespoke apps for clients
* Developing bespoke internal reporting systems
R&D Tax Services are specialists within the R&D schemes, Our senior consultants have over 10 years of experience; submitting successful claims and supporting all HMRC enquiries.
We have a 100% success rate in both submissions and defended claims and our consultants liaise with the HMRC weekly with regards to the R&D scheme, ensuring we are at the forefront of the schemes as they evolve.