R&D Tax Credits

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R&D Tax Credits in London & Across the UK

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.

Why Choose Makesworth Accountants for R&D Tax Credits?

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.

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R&D Tax Credit

Our R&D Tax Credit Services

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01.

Identifying Qualifying Activities

We help you determine which of your projects qualify for R&D tax relief, ensuring compliance with HMRC guidelines.

02.

Calculating Eligible Expenditure

Our experts accurately calculate the costs related to your R&D activities, including staff wages, materials, software, and subcontractor expenses.

03.

Preparing and Submitting Claims

We handle all the paperwork and submit your claim to HMRC, ensuring it is complete, accurate, and compliant.

04.

Audit Support

If HMRC raises any queries, our team will manage the correspondence and provide additional evidence to support your claim

05.

Maximizing Your Benefit

Our goal is to maximize your R&D Tax Credits by identifying all eligible activities and expenses, ensuring you receive the highest possible relief.

06.

Reduce Your Corporation Tax

Eligible businesses can use R&D Tax Credits to reduce their corporation tax liability.

07.

Claim Cash Refunds

For loss-making companies, R&D Tax Credits can provide a cash refund, improving cash flow for your business.

08.

Encourage Innovation

The scheme incentivizes businesses to invest in innovation, enabling growth and development

09.

Applicable to Various Industries

R&D Tax Credits are not limited to traditional research sectors – companies in any industry may qualify if they are solving technical challenges.

What We Do

Why Makesworth Accountants for Your R&D Tax Credits?

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01

Local Knowledge in London and the UK

Our experts understand the tax regulations specific to your region, ensuring accurate claims tailored to your business location.

02

Proven Expertise

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.

03

Industry-Specific Support

Our team works with businesses in various industries, offering specialized knowledge to identify all eligible activities.

04

Seamless Process

From initial consultation to claim submission, we handle the entire process, ensuring a hassle-free experience for you.

12

+

Years of experience

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40

+

Awards Winner

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900

+

Total Reviews

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Challenges Face

Challenges Faced in Claiming R&D Tax Credits

Identifying Eligible Activities

Many businesses overlook qualifying activities due to a lack of understanding of HMRC criteria.

Complexity of Claims

Preparing a claim requires detailed documentation and a clear explanation of the R&D work undertaken.

Risk of Non-Compliance

Errors in claims can lead to HMRC investigations, penalties, or delays.

Phone Cell
Talk with us: 020 7993 8850
Frequently Asked Questions

Questions & Answers

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.