R + D
Tax Credits
Helping your business to innovate and
engage in new product development
Chartered Certified Accountants | R+D Specialists
Tax Credits
engage in new product development
R + D
Tax Credits work for
your business…
As we gradually emerge from the Covid-19 pandemic, cash flow and sustainability is a worry for many business owners. But what if you had a funding option you didn’t even know you qualified for?
Research and Development (R&D) tax credits are an incentive to reward companies engaged in innovation. You can claim any expenditure related to R&D and HMRC will allow this to be “topped up” by up to an additional 130%, even if your project failed! Many businesses do not consider their business activity to involve research and development. The government criteria is purposefully broad, meaning that no matter the sector or size of your business there is scope to qualify!
What counts as R&D?
HMRC define R&D as taking place “when a project seeks to achieve an advance in science or technology.” Qualifying work doesn’t just include “white coat” scientific research, it can include:
- Creating new products, processes or services
- Changing or modifying an existing product, process or service.
For instance, software development, engineering design, construction techniques, cleantech etc. It’s important to note that pure product development itself does not qualify.
As R&D Tax Specialists we work closely with our clients, guiding them through the process every step of the way from the first fact finding meeting though to receiving their tax credit. The good news is, we won’t charge you unless your claim is successful…
So, what is there to lose?
Call us on 01332 292022
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Don’t take our word for it!
“Neil and his team have helped us to navigate and face the challenges of the scary so that we can focus more on the exciting times!”
“I would suggest that anyone who is not getting pro-active input and advice from their accountant should have a word with the team at Cedar + Co.”
“Cedar are committed to proactive business growth, not just reflecting on what has happened in the books.”