The Business Secret Helping Companies in Newport Get Ahead of The Competition
We're a specialist team of R&D tax Credit Experts helping businesses in Newport safely recover costs spent improving products and services.
ABOUT our R&D TAX CREDITS services in newport
What are R&D Tax Credits and How can They help your company?
The R&D incentive for businesses was first introduced in 2000.
They are part of a rewarding scheme ran by HMRC to incentivise and encourage businesses in every sector to invest in building new or improved products and services
Businesses that have spent company money making appreciable improvements to products and services over the last two open tax periods can recover as much as 33% of their qualifying expenditure back.
Large sums of peoples wages, utility bills, NI contributions, subcontractor costs, software costs and more can all be recovered and so you can see the figures quickly add up in your company's favour.
Some businesses whose day-to-day operations may signify a claim sadly aren't claiming due to a lack of understanding surrounding the incentive. This is down to a general misunderstanding of what qualifies as R&D.
All UK limited companies may be able to claim regardless of industry.
Recover an average £45-54k
Has your Company developed, or tried to improve its' :
Ongoing support with complex R&D tax claims.
"Our industry had a 'spot check' by HMRC. Naturally, I was very worried. I can't thank the team at Hamilton Wood & Co. enough. They dealt with HMRC directly and I must say I was impressed with the speed and efficiency that the matter was dealt with. Our claim was approved and we were delighted with the support from Chris at Hamilton Wood throughout. I couldn't have done it on my own."
Fast and efficient R&D claims process.
"As a business owner, I very rarely get a spare moment. I was encouraged to talk to Simon at Hamilton Wood and Co. to see if the improvements to our back-office functions and processes might qualify. After a quick conversation by phone I was assured that whilst not all my activities did qualify, that some of them did and we could move forward on them. I was involved for less than 2hrs over a 12 week period and got a playout in no time at all."
The Benefits for Your Business
The R&D tax credit incentive helps the Government encourage businesses to innovate. When a business develops something new, it has the effect of moving the industry forward. R&D relief make economic sense for the Government. They reason for every £1 they give back to a business, they recover up to £7 back on a multiplier basis. The sums given back to a business are paid as wages subject to tax, and then spent on goods and services that are also taxed. This is a case of the Government giving to receive.
Some of the key benefits are:
Improve cash flow
Receive a substantial payable credit for your Company or reduce your CT liabilities considerably.
Make sure you maximise all monies your Company can recover to strengthen your position.
Reinvest money in your Company and continue to innovate. Claim back money from your activities.
Expert Advice & Support
Hamilton Wood & Company are a leading provider of professional R&D claims services for SME’s and larger companies throughout the United Kingdom. Our R&D tax specialists take the pain out of claiming research and development tax relief for UK businesses.
R&D tax credits are a powerful government incentive first introduced in 2000, that is designed to encourage companies to invest in seeking innovation or to improve their products and services.
Successful R&D tax claims can deliver a substantial funds to your business that are often worth tens-of-thousands of pounds back for you.
A quick call with one of our expert R&D consultants will help uncover if there are any eligible projects and costs that can be recovered by your business.
Expertise You'll Love
We appreciate you have a business to run, so we limit your time involved so you can get on with doing what you do best, managing your business. Through an initial 10 min chat we will quickly identify if you have the basis for a claim.
Simple claims process
We take the headache and work out of claiming R&D tax credits. Don't be one of the worrying number of businesses who misses out on money they could claim because they lack the expertise to do so quickly and safely.
We provide a fully-indemnified R&D claims process. We manage the claims process throughout and deliver robust R&D tax credit claims for our customers. Should there be an HMRC inquiry, have peace-of-mind in that you are fully supported throughout until the matter is concluded. We have 100% success to date on the claims we have taken on.
What Are You Waiting For?
If you do not claim within a given time, you will lose what could be tens-of-thousands of pounds.
Ready to apply or find out more?
Complete the form and one of our friendly team is ready to help you.
No. Charities, universities, sole traders nor partnerships are able to claim R&D Tax Credits. The business claiming must be a corporate, liable to UK corporation tax. This can include group structured companies and businesses with operations in other countries.
Potentially, yes. While the overall success of the project is irrelevant in terms of making a claim, what does matter is that the project qualifies for this type of relief. If you are unsure if your project qualifies, call one of our team today and we will be able to help you.
For loss making Companies, the benefit of the scheme is even more generous which can be a big help when trying to grow your business. For loss making companies, any eligible R&D tax sums can be surrendered that will trigger an almost immediate payment for your business.
It is important that each project is professionally assessed on its' own merits to see if there are recoverable expenditures. The project should be developing a new or appreciably improved process, or product, where the way forward wasn't certain.