Finance Director & Accountant Cambridge

Research and development tax credits (R&D tax credits). Money from the tax man! Also known as R&D tax relief.

We have significant experience in helping and leading companies to claim research and development tax credits (R&D tax credits) from HMRC. Financialdirector.net has played a leading hands-on role in helping clients prepare and successfully claim over £1m in tax credits and/or repayments. These amounts can be reclaimed or even received in cash from the taxman in recognition of the efforts made by a company in exploring and spending resources on research, development and innovation.

Research and development tax credits (R&D tax credits) are made available to small and SME companies either as a tax deduction based on R&D spending or a cash payment from HMRC - for certain loss making small or medium sized companies (SMEs). These cash payments can prove to be a lifeline to start-ups and SMEs, particularly technology companies in Cambridge and London, and make a significant contribution to improving cash flow.

Companies can claim R&D tax credits for their costs of:

• employing staff directly and actively engaged in carrying out R&D
• paying a staff provider for staff provided to the company who are directly and actively engaged in carrying out R&D
• consumable or transformable materials used directly in carrying out R&D (broadly, physical materials which are consumed in the R&D)
• power, water, fuel and computer software used directly in carrying out R&D

Capital expenditure is not eligible, although it may be covered by 100% capital allowances (Research & Development Allowances) instead.

Please contact us to see how we can help. We at www.financialdirector.net have hands-on experience of claiming over £1m in R&D tax credits for technology companies in Cambridge and London. It is proof that we understand the process, the information required and how best to present it. We will get results for you – at attractive costs compared to the benefits. Some people who offer a service to help companies reclaim R&D spend charge up to 30% of the refund sought from HMRC.  We charge far less and will give you an honest assessment to help you estimate the value of the credits in a first no obligation meeting.