R&D Tax Credits Belfast
R & D Tax Credit Experts
R & D Tax Credits, Just what are They?
Research & Development Tax Relief is an incentive for UK limited businesses that rewards them when it comes to investing in searching for innovation.
R&D Tax Credits were first introduced in 2000, so if your organization has invested in its own improvement over that time and you're yet to claim, you might have lost out on tens, or even hundreds of thousands of pounds in lost tax relief since you can only retrieve organization spend placed down over the last two-open tax years.
How can they support your enterprise?
Business owners like yours can bring back between 25-33% of their allowed investment costs back again when they have been investing in bettering their businesses products, devices, processes, systems and many others and might also take advantage of decreased corporation tax obligations moving forward.
The United Kingdom have a relatively long and proud record of constructing new procedures for performing things and products and services which go on to change the planet for the better. The UK government provide this program to inspire more of the same.
R & D Tax Credits are In fact a very worthwhile business incentive which helps power your business's evolution.
As a rule of thumb, for each and every £100,000 your company invests on an eligible project, you are going to get either a £25,000.00 reduction off of your upcoming government tax bill, or if you are running at a loss of profits, you're able to ‘surrender’ this loss which will trigger an almost instant cash-rebate worth £33,350.00 from HMRC with our guidance.
Hamilton Wood and Company help our clients secure an average of £46,000 in just six to nine weeks.
Many companies are still not aware that lots of their day-to-day endeavours could easily constitute qualified R&D and that after they realise up to 100% of people’s wages are generally included, that the figures quickly increase in their favour.
This government scheme is designed to help your firm by means of rewarding it for negotiating the steps required to realise an advance.
It's very important to remember that even when any project did or didn’t quite go to plan, that you could still reclaim a percent of the expenditures you have sustained; HMRC will still award your company for attempting to secure the advance since you will nevertheless be furthering your knowledge and capabilities which means an advancement is much more likely later on.
How do I recognize if my firm is qualified for this kind of relief?
When your company is seeking to carry out things in a new and appreciably improved way and you are a limited firm eligible to pay UK corporation tax, then you'll find that there's an opportunity you could be allowed to claim.
You ought to be working to solve any one of the problems standing in the way of innovation being secured. Try to remember this incentive will reward you even should you fail in your attempts.
Your continuing iterations or experimenting can suggest that qualifying R and D activities could possibly be being carried-out.
A good many organizations are carrying out eligible R&D however they are unaware to it as it just appears to be 'business as normal,' don't miss out, call the experts now; we can assist you.
For those who have had a 'hunch' your business can do a thing in a fresh or distinct way, and you work toward making your dreams a reality, then you could be undertaking eligible Research and Development activity.
With so much misinformation out there in regards to what does and doesn't qualify as Research & Development activity, if you have been investing in your business improvement throughout the last 3 years call our expert advisors now and we will be happy to provide advice on whether you may qualify or not.
Why use Hamilton Wood & Co?
- Our senior analyst liaises with HMRC in relation to proposed changes and revisions in legislation.
- We have a 100% success rate to-date.
- We achieve an average greater than £46,000 for our SME clients.
- Our stream-lined 'fast-track' method will get your funds back in your organization in a mere 6 to 9 weeks.
- Only once hmrc makes funds available to your company are our low-fees due. This means you are always in a cash positive position.
- We are partnered with accounting firms on a national basis and supply our assistance and expertise to help safely optimise their clients R&D tax claim.
- As a multi-award winning business services provider, we are recognised as a nationwide leader for what we do.