R&D Tax Credits and Coronavirus
R&D Tax Credits are a valuable source of funding for innovative businesses at any time but now more than ever it’s important to ensure your business is receiving its full entitlement from the scheme.
If your business isn’t currently claiming, it costs nothing to check if you may now be eligible. As many businesses have had to adapt to new ways of working during the Coronavirus crisis, it could be that changes made to your operations and procedures may qualify for R&D tax relief.
Similarly, there are many companies that have diversified into new markets to develop medical equipment and supplies to aid the COVID-19 relief effort. Product development and innovation such as this is eligible for R&D tax relief and those businesses undertaking this type of work may be able to significantly increase their claims.
Free R&D Tax Credits Consultation via Zoom or Skype
R&D Funding Group staff have been working remotely throughout the Coronavirus crisis to ensure there are no delays in preparing our clients’ R&D Tax Credit claims. At the beginning of April, HMRC also confirmed it was their priority to maintain their published aim of clearing 95% of SME tax credit claims within 28 days.
If you want to find out if your business is eligible to claim, or if your existing claim could potentially be increased, please contact us for a free consultation without obligation. Whilst we can’t come and see you in person, we can still talk on the phone or arrange a virtual meeting. Many of our clients have been talking to us via Zoom or Skype since the outbreak and we’ve been able to carry on our work as normal as a result of this.
Why Talk to R&D Funding Group?
If your business is researching or developing new products, processes, materials, devices or services, or is working to improve existing ones, you may be eligible to claim R&D Tax Credits. Our team are all specialists in this field and can help identify all your eligible activities and prepare accurate technical reports to provide robust supporting evidence that will ensure your claim is maximised. We work on a contingency basis so there are no upfront fees or hidden costs and you only pay us on receipt of the funds from a successful claim.
It’s worth finding out if R&D Tax Credits could give your business a financial boost during these challenging times.
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