We Help Businesses in Preston Safely Claim R&D Tax Credits

We have a long-track record of helping businesses throughout the UK safely enhance their true Research and Development tax credit award.

R&D Tax Credits Preston: What Are They and How Can The Innovation Initiative Help Your Company?

Multi-award-winners - Hamilton Wood and Company-01

The Research and Development (R&D) tax relief incentive was first introduced in the year 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, Class 1 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.

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."

N.Burgess
Product Lead

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."  

J. Martins
Managing Director

Ready to apply or find out more?

Complete the form and one of our friendly team is ready to help you. 

Innovation Process in the UK - Research and Development Tax Credits new

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 for Businesses in Preston Are:

Improve cash flow

Receive a substantial payable credit for your Company or reduce your CT liabilities considerably.

Competitive Advantage 

Make sure you maximise all monies your Company can recover to strengthen your position. 

Further Innovation

Reinvest money in your Company and continue to innovate.  Claim back money from your activities.

Our Research and Development (R&D) Tax Credit Advisory Services

Our Managing Director is honoured and privileged to be a fellow of UKRI's Peer Review College. UKRI run a number of Government competitions to award Grant Funding to some of the most ambitious companies. Our team is at the forefront of UK innovation and are committed to helping ambitious businesses thrive and prosper.

Our Senior Technical Analyst resides on HMRC's consultation committee for Research & Development. He discusses the proposed impact of any changes in the scope of legislation and how they may affect companies.

Our technical expertise is amongst the best available so you can be confident you're in safe hands with us.  Our service is indemnified too; this provides an extra level of protection and added peace-of-mind for you that you and your business will be expertly looked after.  We take the time to thoroughly understand your business so that we have a solid basis for a potential claim.

Why Hamilton Wood and Company?

FREE R&D Health Check

Complimentary initial R&D health checks (by phone) to illustrate if a claim may be possible 

Robust research and development tax claims

We produce robust R&D claims with a 100% success rate to date with HMRC

We save you a lot of time

We minimize your involvement to just a couple of hours over the phone. This means you're free to get on doing what you do best, running your Company.

Leading technical expertise

We are at the forefront of UK innovation.  Our MD is a fellow of UK Research and Innovations (UKRI) Peer review college.  Our senior R&D tax specialist liaises with HMRC's consultation committee regarding the scheme. 

National provider

We're a leading national provider of R&D tax services throughout the UK.

Low fees | Success only model

We believe in helping your business succeed.  We provide a success only model with our low fee only due when we get your business a successful outcome and a claim is finalized.

Indemnified process | You're fully protected

Although its never been needed, we're indemnified up to £1 million per claim.  We also provide ongoing support and liaise with HMRC in relation to any aspect of your claim on your behalf should it be required.

Why choose us?

Award-Winning R&D Tax Credit Claims 

"I was initially sceptical that we we're doing any R&D.  I had visions of needing to be a large scale pharma company and couldn't see where our work would qualify. Thankfully we were introduced to Chris at Hamilton Wood and after a brief discussion, we were able to pin-point areas that formed the basis of our claim.  Thank you!"

C.Taylor
Technical Director
LEADING EXPERTISE

Snr. Analyst on HMRC's R&D legislative panel

AT THE CUTTING EDGE OF UK INNOVATION

Director is a fellow of UKRI's Peer Review college

VAST SUMS SAFELY RECOVERED

We have recovered hundreds of thousands for our customers, safely, and quickly.

fully managed, streamlined process

Fully managed, end-to-end process robust R&D claims with full support.

our success is yours

What our clients are saying

We found the process fast and we were really impressed with the end results. Will recommend.

M. Sanders

Director

We have an established relationship with Hamilton Wood & Co.  We don't specialise in R&D so partnering with them made perfect sense for us and our clients.

C. Mallas

Accountant

We work in a fast paced environment where everybody is 'hands on deck.' I was pleased with the support from Chris and the time I saved. I was impressed with sum we secured, thanks!

June Dawson

Designer

Recover an average £45-54k

research and development

The numbers

Customers served!

1 +

Years of experience

Years of experience

Customers served!

1

Years of experience

Awards

Customers served!

£ 1 bn

Years of experience

Claimed in the UK (2017/18)

Faq.

CAN CHARITIES CLAIM AND SOLE TRADERS CLAIM?

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.

MY PROJECT FAILED, CAN I STILL CLAIM?

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.

MY COMPANY IS MAKING A LOSS, CAN I STILL CLAIM R&d?

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.

WHICH OF MY PROJECTS QUALIFY FOR AN R&D TAX CLAIM?

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.

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