Need Capital? There could be other options before borrowing…
In a growing number of sectors, companies need to invest in Research & Development just to remain afloat. The R&D Claims Company Ltd is securing valuable tax relief on a regular basis for smaller businesses ranging from IT Support, to Waste management companies, Breweries to Security companies.
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Successful claims for R&D tax relief are not keeping pace with the increasing amount of R&D spend. There is a long way to go before this trend rights itself. Our goal is to educate Business Owners (through their Professional Advisers or directly) about the R&D scheme and raise awareness of the lucrative tax benefits that are available, which the majority of small business owners are missing out on.
Before borrowing, check the following:
* Are you attempting to develop a new (or bespoke) product?
* Are you trying to achieve something that has a level of uncertainty?
* Are you modifying an existing product or process?
* Have you made any environmental improvements to your processes?
* Have you carried out in-house design/development work?
* Have you deeloped new software/CRM (or enhanced an existing one)?
* Have you changed the composition of any products, in response to changes in legislation?
* Are you regularly ‘problem solving’ to meet your customer’s needs?
* Do you seek to test, or improve innovation, new materials, processes or code?
If you answer ‘yes’ to any of the above, it is likely that you are undertaking qualifying Research & Development activity, and could benefit from the substantial pledges in R&D funding set out by the Government.
Please note: Failed products/ventures can also qualify!
Request a free, no obligation chat with one of our experts here or call 01925 859626.