R&D Tax Credit Specialists London
So, what exactly are Research & Development tax credits and in what ways can they aid my small business?
The United kingdom's government runs an incentive that handsomely benefits Ltd businesses allocating company funds to seeking new methods of innovation; it's called the R & D tax relief scheme.
In the event your firm has been investing in initiatives that are attempting to find innovation, that is attempting to do things in a unique and superior manner, then providing you are listed as a limited business and are required to pay UK corporation tax then there's the opportunity you could be in a position to claim Research & Development tax relief.
The regulations around R and D tax credits which is a complex area of tax law was initially introduced in the year 2000 and has been continually evolving since that time.
The R&D Tax Relief initiative is available to all UK limited companies and it is one of the more rewarding programs on offer to benefit them.
The strategy has been reinforced by successive governments who understand the value in motivating the firm community to look for new and better techniques for carrying out things.
Our country possesses a long and proud background of creating unique and considerably improved approaches to complete things, revolutionary solutions to many of the difficulties facing humankind and it is this way of life that the R and D Tax Relief scheme was designed to encourage.
Research & Development tax credit allowed undertakings
A lot of business owners might already be engaging in qualifying Research and Development tax credit undertakings and not have any idea that they may be eligible to claim.
Are you one of the numerous business owners that mistakenly assumes that the incentive isn't going to affect your firm?
Many people hear the words 'Research & Development' and think that they need to be working on things as sophisticated as Nuclear Physics or Advanced Robotics or Chemical Engineering and this isn't necessarily always the case.
Lots of your businesses day-to-day actions may be construed as qualifying Research & Development.
Wherever your organisation is working to strengthen its products, services, systems, devices etc. and the course in front of you isn’t certain, and you are perhaps working with iterative updates or a period of trial and error to overcome any of the technological or scientific difficulties connected to the task then this can easily flag approved R&D is going on.
R&D Tax Credit Calculation
There are several areas where organisational spend can be recoverable via the incentive.
At the time of writing this page, the UK government will supply an additional one hundred and thirty percent on top of any uncovered firm spend.
Without complicating things too much, this means that small businesses in profit will get a £25,000 decrease off their upcoming tax bill for every single £100000 of spend observed. For firms running at a loss, any amount revealed can be ‘surrendered’ which means for each £100000.00 of qualified spending observed that you could expect a virtually instantaneous cash repayment from HMRC for £33,350.00 typically in a mere 6 to 9 weeks.
It sounds intriguing, how do I claim?
Hamilton Wood and Co. are a national company and are accepted as one of the major Research and Development tax Credit advisers in the United Kingdom.
Our senior R&D tax credit expert resides on HMRC's R&D consultation committee so you can rest-assured of the degree of knowledge we have in-house for helping with your claim.
We have produced a fast-track, forensic claims process that helps you get more of your money back in your business rapidly.
We only need your time for just 1 or 2 hours over a 6 to 9 week time span so we will unlock more of your time so you can get on with managing your firm.
We work on a one hundred percent success rate for claims that we handle and manage.
We operate on a 100% no-win-no-fee foundation so this means, should we fail to identify a claim then there is no cost for our teams time.
Why are Hamilton Wood & Co. recognised as a leading business support specialists in the UK?
- We are a nationwide firm of award winning Research & Development Tax Credit and Business Funding experts.
- We are affiliated with a subsidy of the British Business Bank, the Start-Up Loans Company; which is wholly owned by HM Government.
- Our senior Research & Development Technical expert resides on HMRC’s Research & Development consultation committee, so you are in extremely safe hands with our company.
- A typical amount we secure for our clients by way of the SME Research & Development scheme is now over £45k.
- Our team will get funds back in your small business in just 6-9 weeks.
- We limit the time you're required to just 1-2 hrs throughout the process so you can get on with other things in the knowledge we're going to take it from there.
- To provide you extra peace-of-mind, our process is indemnified..
- Additionally we provide funding for firms up to over six hundred million pounds and so we are the perfect strategic partner to help strengthen your small business.