Research and Development (R&D) Tax Credits are a valuable government incentive designed to encourage innovation and investment in research and development activities. If your company is innovating, creating new products, or improving existing processes, you may be eligible for significant tax relief. At Makesworth Accountants, we specialize in helping businesses across London and the UK claim R&D Tax Credits, maximizing the benefits for your company.
Our team of tax specialists has extensive experience in identifying qualifying R&D activities and preparing successful claims. Whether you are a small business or a large corporation, we provide tailored advice and guidance to ensure you receive the tax relief you deserve.
We help you determine which of your projects qualify for R&D tax relief, ensuring compliance with HMRC guidelines.
Our experts accurately calculate the costs related to your R&D activities, including staff wages, materials, software, and subcontractor expenses.
We handle all the paperwork and submit your claim to HMRC, ensuring it is complete, accurate, and compliant.
If HMRC raises any queries, our team will manage the correspondence and provide additional evidence to support your claim
Our goal is to maximize your R&D Tax Credits by identifying all eligible activities and expenses, ensuring you receive the highest possible relief.
Eligible businesses can use R&D Tax Credits to reduce their corporation tax liability.
For loss-making companies, R&D Tax Credits can provide a cash refund, improving cash flow for your business.
The scheme incentivizes businesses to invest in innovation, enabling growth and development
R&D Tax Credits are not limited to traditional research sectors – companies in any industry may qualify if they are solving technical challenges.
Our experts understand the tax regulations specific to your region, ensuring accurate claims tailored to your business location.
We have a track record of successful R&D Tax Credit claims for businesses across London and the UK, saving our clients thousands of pounds.
Our team works with businesses in various industries, offering specialized knowledge to identify all eligible activities.
From initial consultation to claim submission, we handle the entire process, ensuring a hassle-free experience for you.
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Many businesses overlook qualifying activities due to a lack of understanding of HMRC criteria.
Preparing a claim requires detailed documentation and a clear explanation of the R&D work undertaken.
Errors in claims can lead to HMRC investigations, penalties, or delays.
Activities that involve solving technical challenges, creating new products, or improving existing processes may qualify. This applies to sectors like technology, engineering, healthcare, and more.
The amount depends on your qualifying R&D expenditure and your company’s size (SME or large company). For SMEs, the relief can be up to 33% of eligible costs.
Yes, we provide R&D Tax Credit support to businesses across London and the UK, offering tailored solutions for your location.
Once the claim is submitted, HMRC typically processes it within 4-6 weeks.
You’ll need details of your R&D projects, associated costs, and supporting documentation to demonstrate qualifying activities.