Whatever stage your business is at it’s likely that you would welcome a cash injection in the form of a tax rebate.
R&D tax credits are cash returned to your business by HMRC, giving you complete freedom to spend or invest the cash as you wish. They are a form of tax relief that allows companies investing in qualifying R&D activities to claim back up to 33p in every £1 invested. Sounds simple?
Like many things to do with tax, it’s a little more complex than that, as completing the forms correctly can be tricky. But don’t worry, at Accounting People we have the expertise to help you get back the cash that you’re entitled to.
HMRC’s definition of research and development is pretty broad, so many business owners don’t even realise that they are carrying out business activities that qualify them for a claim. In fact, HMRC estimates that more than 80% of qualifying businesses are failing to take advantage of R&D tax relief.
If you’re interested in finding our whether you’re eligible, give our team a call. If we think you’ve made an investment which should count towards R&D tax credits, we’ll analyse your data, and work out what you could be entitled to. Then we’ll draft the detailed technical report needed to help ensure you received the maximum possible amount of credit.
Contact us today to find out whether HMRC owes you thousands of pounds in R&D tax credits.
See how Accounting People could help your business
We’d love to show you how hassle-free accounting can be with Accounting People on your side. Speak to our friendly advisors on 0333 023 1300 to see how we can help or get a callback whenever is most convenient.
Accounting People are a different breed of accountants. As our name suggests, our difference lies in the care we take of the people we work with.