RD Tax Credits worth millions
We have recently gone into partnership with RD Tax Solutions who are a specialist Tax Advisory Consultancy. They advise companies on Research & Development tax credits. Our relationship with RD Tax Solutions will enable us to help our clients tap into this further and explore their eligibility.
Research & Development (R&D) tax credits are a government tax incentive set up to give innovative companies money back for any costs they have incurred in this area of their business.
Essentially, they are the Government’s way of rewarding businesses that are developing new, or appreciably improving existing, products, processes, systems and materials — and thereby increasing the country’s wealth creation capacity.
R&D Tax Credits apply to businesses that are liable for Corporation Tax. They can help to reduce a corporation tax bill or can be claimed as a cash sum paid back to a company by HM Revenue & Customs, due to an over payment of tax.
Types of qualifying R&D expenditure are typically staff costs, software, utility bills, and any subcontracted work and materials. These R&D costs can be accelerated up to 230%.
Click on this link and fill out the 10 minute questionnaire to find out if you qualify for R&D Tax Credits now;