R&D Tax Credits Luton
R&D Tax Credits Consultants
R & D Tax Credits, What exactly are They?
Research & Development Tax Relief is an incentive for UK ltd. firms that benefits them with regards to investing in trying to find innovation.
Research & Development (R&D) Tax Credits were first introduced in the year 2000, therefore if your organization has invested in its own development during this time and you're yet to claim, you'll have missed out on tens, if not hundreds of thousands of pounds in lost tax relief as you can only get back business spend invested in the last two-open tax years.
How can they support your organisation?
Small businesses like yours can restore between 25-33% of their allowed investment costs back any time they've been investing in strengthening their companies products, devices, processes, systems etc and might also benefit from reduced corporation tax liabilities moving forward.
The government of the United Kingdom are keen for the business community of the United Kingdom to continue doing what its continuously done, and that is to create newer and upgraded techniques for carrying out things as well as creating new game-changing innovations that will be held in high respect around the world stage.
R & D Tax Credits are by far the single most advantageous incentives that are in position to benefit Ltd. businesses throughout the uk.
At the time of writing, for every single £100,000 your company spends on a qualifying activity, you can expect to collect either a £25,000.00 reduction off of your up coming government tax bill, or if you are operating at a loss, you are able to ‘surrender’ this loss to lead to an almost immediate cash-rebate worth £33,350.00 from HMRC with our support.
Hamilton Wood & Co help our clients recover around £46,000 in just 6 to 9 weeks.
A great deal of small businesses really don't recognise that they could be carrying out qualified R&D while carrying out their everyday business functions. As much as a massive 100% of peoples salary can be recovered too so this could very well add up to a large monetary award for your firm.
Your organization will be handsomely rewarded via this hmrc program when you've been spending money on working to perform things in a new or appreciably improved way.
In the event you and/or your company (which includes sub-contractors) are working to get rid of technical issues with an activity, even if the endeavor doesn't reach the desired result you'll still have the ability to claim a percentage of cash paid out back. What is vital is that you are looking to gain innovation because this will develop your knowledge, experience and abilities going forward.
In what way will I discover if my small business can claim?
To begin with all UK Limited companies who are eligible to pay UK corporation tax could be eligible to mount a claim.
Don't forget this program benefits your company whether or not your efforts to obtain an advance ended up being effective or not; as long as you are at least trying to address the problems standing in the way of the advancement being reached.
Your recurring attempts or experimentation can imply that eligible R and D activities might be being carried-out.
Without actually realising it, many organisations out there may very well be completing approved R and D activities. If you're uncertain if your recent projects qualify, get in touch with a specialist now; we can help you.
Let’s say you’re a business owner and you've got a sense that you can do anything better, more streamlined, more environmentally-friendly in a brand new or significantly enhanced way, and you're being required to move through a time of trial and error, then this will in all probability amount to qualifying Research & Development (R&D) activity.
With so much false information out there in regards to what does and does not qualify as R&D activity, if you have been making an investment in your business improvement throughout the last 3 years call specialist advisors now and we will be happy to provide advice on whether you may qualify or not.
Why to choose Hamilton Wood & Co?
- Our senior analyst liaises with HMRC in relation to proposed changes and revisions in legislation.
- We have a 100% rate of success to-date.
- We secure an average in excess of £46,000 for our SME clients.
- We have an approved methodology accepted by HMRC and can get more of your money back in your organization in just six to nine weeks.
- We work on a success only basis, so if there isn't any eligible activity, there is no fee for our time, so it’s a risk-free process.
- We work along side with accountants on a national basis offering assistance in this highly complex area of tax.
- Hamilton Wood & Company are multi award winners for stimulating UK companies.
- We are recognised as a top rated Research and Development tax credit specialist in the UK.