RESEARCH & DEVELOPMENT TAX CREDIT

BE REWARDED FOR YOUR INNOVATION AND BOOST YOUR BUSINESS​

An R&D tax credit could be an untapped source of funding which can be reinvested in your business

The Square Mile approach will give you the best chance of a successful R&D tax credit claim.

MARTIN BRENNAN

In 2000 the government introduced a scheme to encourage scientific and technological innovation within the UK. If you’ve invested in Research & Development, you may be eligible to receive up to 33% of what you invested as tax relief.

By R&D and innovation, we mean a lot more than lab coats and test tubes.

CHECKING ELIGIBILITY

The average R&D tax claim is worth £64,562, but so many businesses lose out on valuable claims because they assume that their project isn’t eligible, or they think their business is in the wrong sector.

We work with businesses from all sectors.  With an eye for detail and a geeky love for tech, we work with even the most technically challenging and complex businesses to uncover projects that qualify for R&D tax relief.

100%

Success Rate

The Square Mile RD team have an outstanding track record, with 100% success rate of claims submitted

100's

Hours Saved

We let clients focus on what matters most – their business

£10m+

Tax Credits claimed

Our clients recover more by working with our R&D tax specialists compared to their initial estimate

MAXIMISE ELIGIBILITY

Maximise your chances of a successful claim, by ensuring:

  • Your project manager documents the objectives, approach and progress from inception to completion, ideally using a project wiki.
  • Your developers understand the basics of the R&D tax credit rules so details are recorded accurately.
  • The final R&D write up references back to all the underlying work, methodology and issues faced.
  • Accurate use of accounting software (such as Xero) so you can track R&D expenses throughout the project and identify qualifying spend easily.

100% SUCCESS RATE

With our support and outstanding track record, you’ll have the best chance of a successful, risk-free claim.  It’s all down to a few facts:

  • We’re tax professionals, so this is our world. We know what to look for to assess whether your business qualifies for R&D tax credits.
  • We’re tech geeks, so we talk the same language as your technical team, which shortens the time it takes to get the data and evidence we need to support the claim.
  • We understand how HMRC assess the claims, and we know what makes them tick, so our claims are more or less fast tracked, with the lowest enquiry rates on the market.

BE REWARDED FOR YOUR INNOVATION AND BOOST YOUR BUSINESS

From understanding your eligibility to putting together a water tight application, here is our guide to how to maximise your R&D claim