Maximising your R&D tax credits claim

R&D tax relief is available to any limited company trying to achieve an advance in science or technology within their industry.

Your activity could centre on improving existing equipment, machinery, products or services.

The relief also applies to ways in which you streamline your business, so if you’ve spent time finding more efficient ways to design, manufacture or process your goods, you’re likely to be able to claim relief, too.

So, while so many businesses qualify, few know how to get their claim completely accurate to ensure they receive the maximum relief possible.

For many people – like those in engineering – their role centres on R&D, so they don’t realise that much of what they’re doing every day qualifies for relief and could hugely boost their claim figures.

Many companies don’t realise that staff salaries count towards R&D expenditure; this makes it important to keep records of time spent during research and development phases.

One such client of ours was able to claim an additional 64 per cent in tax savings by remaking their claim and accounting for necessary staffing costs.

Other qualifying expenditure includes materials and consumables, and sub-contractor costs – so keep track of this, too.

Our expert R&D tax team have years of experience making claims on behalf of our clients in a wide variety of sectors, and we make the application process hassle free by doing all the hard work for you, ensuring you don’t miss out on what’s rightfully yours.

It costs nothing to find out if you’re eligible to make a claim, so don’t waste any more time.