Research and Development Credits for Innovative Companies
Are you eligible?You’re an innovative company. You’re trying to disrupt the marketplace and change the world with something different. To truly innovate, you must first dig down to the detail, to hone and polish the very thing you’re hoping will sell. But research and development is a costly business.
Not only can it be expensive, but there’s no guarantee that the money ploughed into R&D will give you the return that you seek – especially if the product doesn’t end up successful.
Did you know there’s a way for you to possibly get a proportion of that money back? It’s a scheme called R & D Tax Credits, and we are already seeing some seriously chunky rebates coming back to our happy clients, all courtesy of the Government.
What is it? It’s a Tax Benefit from the Government if a company is undertaking an innovative project and ploughing money into R&D. This could be for a service or a product.
Here’s who’s eligible.
If your company has under 500 employees and has invested money developing innovative new products, processes or services; or enhancing existing ones, then you are likely to be eligible for a cash payment and/or corporation tax reduction.
We are, and have been helping breweries, distilleries, fish farms, software and app developers, chocolatiers, scientific, food, drinks, leisure and all manner of industries.
What it means.
It’s simple. It’s a chance to take advantage of tax relief, a way of the government investing in your business. The money can even be used as an alternative to innovation grants for research and development funding.
Some details and stats.
If you are a profit-making company that’s invested in R&D, then you could be refunded up to 26% of eligible costs. On the flipside, loss-making companies can receive cash back for up to 33% of eligible costs. Claims can be made for up to the last 2 years. These aren’t pie in the sky figures, either. We’ve seen some seriously substantial amounts refunded back to clients!
How Bracey’s can help.
We can offer a Free Eligibility test with no obligation.
We will minimise director’s involvement for convenience.
It’s a 100% seamless process.
No win no fee. Yes, you read that correctly.
No minimum years tie up agreement once we’ve done the above.
So what are you waiting for? Get in touch now and we can talk.