R&D Tax Credits Blackpool
So, what are Research and Development tax credits and precisely how can they aid my business?
Business owners allocating company budget to seeking innovation could very well be financially honored by means of the governments Research and Development tax credit plan.
When your organisation happens to be paying for undertakings that are attempting to get improvement, that could be trying to do things in a fresh new and superior manner, then as long as you are recorded as a ltd company and so are required to pay UK corporation tax then there's the opportunity you could be in a position to claim R and D tax relief.
R and D Tax Relief legislation was first launched in the year 2000. The regulation has been consistently developing from that time and it is a very specialist area of tax law.
Research and Development tax credits are probably the most financially rewarding incentives there for United kingdom businesses.
Sequential United kingdom governments have continued to recognise the many benefits of encouraging our small business community to invest in looking for innovation and the Research & Development tax credit scheme happens to be about one of the the most financially advantageous initiatives available for United kingdom business owners.
Our country has a rather long and proud background of creating brand new and considerably improved methods to do things, ingenious solutions to many of the challenges facing mankind and it is this way of life that the R&D Tax Credit scheme is designed to encourage.
What precisely are Qualified R & D Tax Credit Undertakings?
Your firm can certainly already be doing work which might be viewed as eligible R and D activity and yet you don't even recognise that.
Are you one of the many small business owners that mistakenly assumes that the scheme won't be applicable to your business?
Many people hear the words Research & Development and feel that they must be engaging in things as advanced as Nuclear Physics or Sophisticated Robotics or Chemical Engineering and this is not always the case.
Many of your businesses day-to-day activities might be tantamount to eligible Research and Development.
On those occasions your business is unsure of the path ahead on the subject of improving your products, services, systems, devices and more, And you are quite possibly making use of iterations or a period of trial and error to eliminate any one of the challenges your challenge is faced with then this could highlight that there could be eligible activity occurring within your organization.
What are R&D Tax Credits worth to my organization?
There are several areas where business spend may be reclaimed by means of the initiative.
After we have uncovered the total sum of your business spend that is eligible, the UK government offers an increased relief of an extra one hundred and thirty percent on top.
Without complicating things too much, this means that companies in profit will have a £25,000 decrease off their subsequent tax bill for each and every £100k of spend observed. Companies functioning at a loss can expect to recover around £33350.00 for every £100,000.00 of organisation spend acknowledged in most cases this comes as a cash lump-sum within 6 to 9 weeks.
How to claim Research & Development Tax Credits
Hamilton Wood & Co are acknowledged as a leading R and D tax credit specialist in the United kingdom.
We are fortunate that our senior R&D technical expert resides on HMRC’s R&D consultation panel and for that reason, you are in very safe hands with us.
We have created a fast-track, forensic claims process that helps you get more of your money back in your firm speedily.
We only require your time for just 1 to 2 hrs over a 6 to 9 week period of time so we will clear up even more of your time so you can get on with running your firm.
We have a 100% rate of success for claims we handle. Our services are indemnified also, so if ever we need to reason with HMRC with reference to any computations etc. this is all part of our service.
We operate on a hundred percent no-win-no-fee basis which means, should we fail to establish a claim then there is no charge for our teams time.
Why should you trust Hamilton Wood and Company to help optimise your R & D tax credits claim?
- We're a national firm of multi-award winning Research and Development Tax Credit and Organization Funding professionals.
- We are affiliated with the governments Start-up loan organisation who are a subsidiary of the British Business Bank, which is wholly owned by HM Government.
- Our leading Research & Development Tax Credit practitioner is one of a limited number who resides on HMRC's R & D consultation committee. You can be confident our staff to help safely maximise your claim.
- 45000 is the average value we now secure for our SME customers.
- Our forensic method will take just 6 to 9 weeks end-to-end depending on the complexness of your undertakings.
- We limit your time involved to just 2-3 hrs through the entire process to enable you to get on with operating your firm.
- Our services are indemnified to provide peace of mind.
- We also offer funding for businesses up to over £600m therefore we are the ideal strategic partner for helping strengthen your organisation.