Is your business missing out on a cash boost?

R&D Tax Credits are a key part of the Government’s strategy to support innovation in the UK and typically, most SMEs qualify; It can help reduce their corporation tax liability or can be claimed as a cash sum. With claims of up to 130% of qualifying expenditure a typical claim value is approx. £53.7k Our experts, Jane and Iain explain a little more in the short video below:

other helpful videos

are you eligible?

You don’t need to wear a lab coat or be carrying out ground - breaking medical research. You’d be surprised that your business might well be elligible. We’ve produced sector specific ebooks to give some initial guidance:

engineering andmanufacturing

foodand drink

download our ebook

accountantsand associates

download our ebook

case study

We’ve supported many engineering and manufacturing businesses claim for R&D funding. Below is an example of one of our many success stories:

project

A window manufacturer was at risk of falling behind competitors unless they rapidly modernised all their processes from sales,manufacturing to installation and after sales. The challenge was to move from an outdated legacy system to a fully integrated cloud based system without the in-house IT skills and without disrupting business.

process

An ‘off the shelf’ ERP system was bought and fully customised for the window manufactures unique requirements. The in-house team and external IT contractors developed a cloud based system linked to an app that seamlessly integrated and tracked every step from manufacturing to fitting windows.

result

The project was eligible for R&D tax credits. The management team brought in ammu who submitted a substantial claim to HMRC based on the project. They received a six figue sum over a three year period which has been earmarked for new product development and to sustain cashflow.

Watch our webinar

Watch our latest webinar about the benefits R&D Tax Credits could offer your engineering and manufacturing business.

Want to know more?

Get a chat with one of our experts and find out if you could be benefiting from R&D tax credits:

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