Although their accountant had made a recommendation to make an R&D tax credits claim, the directors of the business felt that the work required for a successful claim would outweigh the benefits. The directors needed persuading that the reward to risk and effort ratios would work in their favour.
Following a referral from another Easy R&D customers, we were put in touch and completed an initial evaluation of the claim opportunity over the phone. This quick and easy investment of the business’s time proved incredibly valuable.
It turned out that the founder of the company was spending around 50% of his time on product and service development as he sought a competitive edge in an increasingly congested market. From being convinced that they company could not pursue a successful claim, we moved at pace to claim for the current year and the previous financial year.
After three years of successful claims, they reinvested the rebate in continued R&D activities as they strive to continuously refine their services and introduce new products to their customer base.
If you’re a small to medium company in the UK, you could also be claiming back up to £33 on every £100 spent on R&D. The work you do that qualifies for the R&D tax credits scheme — often embedded in the day-to-day running of your business — may surprise you.Get in touch
Find out what our clients and partners have to say about the R&D tax relief experience and how we’ve helped them.