R&D tax credits
Research & Development Tax Credits
Research and development (R&D) tax credits are a government incentive designed to reward UK companies for investing in innovation. They are a valuable source of cash for businesses to invest in accelerating their R&D, hiring new staff and ultimately growing. The specialised nature of R&D means that not all accountants offer the service. Therefore many businesses do not realise that they qualify for R&D Tax Credits or they are not claiming their full entitlement.
How R&D Credits work
R&D for the purpose of tax relief is designed to support companies that work on innovative projects in science and technology. It can be claimed by companies that seek to research or develop an advance in their field. Your project may research or develop a new process, product or service or improve on an existing one, and claims may also be made against unsuccessful projects.
To find out whether your business could benefit from R&D tax credits, take a look at our Guide to R&D Tax Credits.
At Kingston Burrowes, we have expert knowledge and experience in making R&D claims and can therefore help you assess if you qualify to make a claim and advise you how to process that claim to maximise your return.
- We can handle your R&D claim from start to finish, dealing directly with HMRC on your behalf
- Maximise your R&D claim by identifying all qualifying projects and eligible expenses
- Produce a technical report describing how your project meets the criteria to support your claim
Let us take care of your corporation tax and we'll also determine the most tax efficient structure for your business.
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If you'd like to know more about how Kingston Burrowes can help manage your business or personal accounts, talk to one of our friendly team today.