Our R&D specialist has been working with a manufacturing company and has managed to secure them circa £100k to 125k of corporation tax savings each year by making successful R&D Tax Credit claims.
Bedrock is fast becoming a “go to” hub for accountants looking for support in delivering R&D tax relief services. We take a different approach to working with accountants to ensure all potentials to claim are explored and a robust claims preparation service is delivered.
As part of the 2017 Budget, the Chancellor announced an increase in the rate of the R&D Expenditure Credit (RDEC) from 11% to 12% for expenditure incurred on or after 1 January 2018.
Read how we worked with a Nottinghamshire tech development company to help them claim over £30k in R&D tax relief for their innovative work.
There is now a limited window of opportunity to revisit and increase R&D tax relief claims for reimbursed travel and subsistence costs originally excluded. Claiming for costs borne by employees that are subsequently reimbursed by an employer appears to have been causing some confusion amongst advisers and HMRC alike over recent years. In seeking to […]
R&D tax relief exists to encourage investment in research, development and innovation by UK companies and not just those working with new technologies, which is a common misconception. Many businesses innovate within their own sectors and are missing out on tax refunds, tax savings or cash credits (for loss making companies). It’s not just about […]