Research & Development Claims
Working with Exchange Accountants on Research and Development Claims
What are Research and Development claims?
For tax purposes, research and development (R&D) takes place when a project seeks to achieve an advance in overall knowledge or capability in a field of science or technology. R&D relief allows companies that carry out qualifying R&D related to their trade to claim an extra CT deduction for certain qualifying expenditure.
What Exchange Accountants can do for you:
We can be very helpful in preparing research and development (R&D) claims for your company. There are several reasons why:
- Expertise in tax law: We are well-versed in tax law and regulations, including those related to R&D tax credits. We can help ensure that the company’s R&D activities are fully compliant with relevant tax laws and regulations.
- Identifying eligible R&D activities: We can help identify which R&D activities qualify for tax credits. We can review the company’s R&D projects and expenses and determine which ones meet the criteria set by the tax authorities.
- Maximising R&D tax credits: We can help companies maximise their R&D tax credits by identifying all eligible expenses and ensuring that they are properly documented and claimed. This can result in significant tax savings for the company.
- Providing support during audits: In the event of an audit by tax authorities, we can provide support to the company by helping to respond to queries and providing documentation to support the R&D claims.
Overall, our expertise and experience can be invaluable in preparing R&D claims for a company, ensuring that the company is compliant with tax laws and regulations, maximising tax savings and providing support during audits.
CONTACT OUR EXPERT WILLIAM GOULD FOR A DISCOVERY CALL