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What is your R & D Worth?

It’s not only for rocket scientists or research laboratories!

Many UK companies can claim Research & Development Tax Credits! Click here to check if you qualify

We have created a R&D tax credits Easy R&D Claims Calculator that you can download free. It will help you check if you are eligible for R&D tax credits and how much your R&D claims could be worth.

The R&D tax credit schemes provide generous cash benefits to companies that are undertaking qualifying developments, typically anything from £10,000 to many hundred thousand pounds per year. Many companies claim year on year as they are undertaking R&D on a regular basis.

Here are three examples:

Electronics Repairer
Turnover: average £1.6m p.a.
Profit: average £200k to £250k p.a.
R&D costs: annual average £200k mostly on staffing costs +
some utilities.
Average annual benefit: £50k.

Over four claim years the company paid £200,000 less corporation tax.

Licensed Software Developer
New company in 3rd year of trading.
Turnover: £700k.
Trading loss: (-£30k).
R&D costs: £150k mostly staffing plus some agency staff and specialist subcontractor costs.
The company claimed a tax credit cash payment of £31,500.
Food Manufacturer
Turnover: average £9m p.a.
Profit: average £450k p.a.
R&D costs: annual average £170k mostly on staffing costs + some utilities and wasted materials.
Average annual benefit: £45k.
Over four claim years the company paid £135,000 less corporation tax.

If you are the owner of a Limited Company, SME (Small or Medium Enterprise) or you have SMEs as your clients and you want to work out what a R&D claim may be worth to your company or client download our Easy R&D Claims Calculator and find out.

Usually the difficulty for businesses and their accountant tax advisors, lies in understanding the scope of what qualifies as R&D in terms of eligible activities and costs, as well how to compile the information to make a claim. Find out more about whether you qualify.

Are you ready to find out if you qualify or how much your R&D claims could be worth?

 

Contact Us Today

For more information or to contact us - call us on 0771 9439 229 - or send us a message

CONTACT US TODAY:

For more information on claiming R&D tax credits or our business advice and support services call us on 0771 9439 229

Or send us a message

PO Box 53448,
London,
SE18 9DE

ACCREDITATIONS & OWNERSHIP

Our consultants are members of London Group Business Advisors and Home Counties Business Advisors.

Linda Eziquiel is a Fellow of the Institute for Independent Business and a Principal Consultant at RandDTax (specialists in Research and Development tax credits) – UK co. reg. no. 08160439.

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