R&D Tax Credits Southampton
R & D Tax Credit Experts
So what are Research & Development (R&D) Tax Credits?
Research & Development Tax Credits are a leading initiative operated by the government to compensate limited firms involved in attempting to move the bounds of what is possible in their sector.
R & D Tax Credits Legislation has been around since the year 2000. Whenever your organization has invested in its own progression after that and not claimed R&D Tax Credits then you could have missed out on quite a bit of money which can be tens of thousands to hundreds of thousands of pound in missed tax relief.
So how are they going to help my business?
To explain, for anyone who is committing to improving your industry, your goods, solutions, systems, devices and others you'll be able to regain between 25-33% of your respective qualified company spend back again with ongoing reductions in your corporation tax obligations.
The UK government are keen for the business community of the Uk to keep doing what its constantly done, which is to create newer and improved methods for doing things or maybe developing new game-changing innovations that'll be held in high regard on the world stage.
Research & Development (R&D) Tax Credits are A leading hmrc scheme proven to repay business owners for attempting to secure an advance in their business.
At present, for each and every £100,000 your organization invests on an eligible endeavor, you should collect either a £25,000.00 reduction off your up coming government tax bill, or when you are operating at a loss, you'll be able to ‘surrender’ this loss to trigger a virtually immediate cash-rebate worth £33,350.00 from HMRC with our assistance.
Hamilton Wood & Company help our clients recover around £46,000 in just six to nine weeks.
Large amounts of companies do not realise that they usually are conducting allowed Research & Development while going about their day-to-day business activities. As much as a huge 100% of individuals salary can be recovered too which means that this might possibly amount to a substantial financial award for your firm.
Firms like yours who've invested company money on trying to improve will be handsomely compensated via this government scheme.
It is important to bear in mind that whether or not your project did or didn’t quite go to plan, that you might still regain a percent of the charges you have received; HMRC will still repay your small business for looking to secure the advance since you'll still be furthering your knowledge and capabilities meaning innovation is a lot more likely at some point.
How do I recognize if my business is qualified for this type of relief?
For a start all UK Ltd. organizations who are eligible to pay UK corporation tax could be permitted to lodge a claim.
Let’s remember how the incentive was established to spur you on in your attempts to achieve an advance inside your firm and sector whilst trying to address any one of the complicated challenges that stand in the way of innovation being secured.
Your constant iterations or experimenting can indicate that qualifying R & D activity might be being carried-out.
Lots of corporations are carrying out qualifying Research and Development but are unaware to it as it just might appear to be 'business as usual,' don't lose out, call the experts now; we can help you.
When your organization is seeking to make improvements to its goods, processes, methods, services, devices etc then you should speak to one of our advisors to ascertain if your work constitute eligible Research and Development.
If you've been making an investment in developing your firm and sector over the last three years and aren't very certain that your project will qualify as R&D, call our specialists now, we can help you.
Why use Hamilton Wood & Co?
- Our senior technical specialist actually resides on HMRC's Research & Development Consultation Committee
- We have a 100% rate of success to-date.
- We get an average well over £46,000 for our SME clients.
- We can get your funds back in your business inside 6 - 9 weeks.
- We work on a success only structure, so if there's no eligible activity, there is no fee for our time, so it’s a risk-free process.
- More than 50% of our new business come from accountants who we support with this very specialist area of tax.
- Hamilton Wood & Company are multi award winners for stimulating British firms.
- We are acknowledged as a leading Research and Development tax credit specialist in the United kingdom.