R&D Tax Credits We're all you need to get the most out of R&D tax relief
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R&D tax relief is an extremely valuable tax incentive for companies undertaking research and development.
The team at Zeal are Chartered Tax Advisors and have a wealth of experience in preparing and submitting claims and liaising with HMRC. They specialise in R&D tax and have worked with start-ups to FTSE 250 businesses across many different sectors.
Whether you’re at the start of your journey looking to make your first claim or have been claiming for many years. With us as your trusted advisor, you can be sure all your qualifying business activities will be captured and claimed for. We do not promise to increase your claim. But we do promise to get it right.
What is R&D Tax Credits
Innovation is good. You deserve a reward for all your innovative work. Planned or unplanned (you never know what challenges you’ll face).
This is where the R&D tax schemes come in.
Introduced over twenty years ago, the schemes are designed to incentivise and reward companies that overcome challenges and invest in innovation. These government initiatives help you to grow and further invest in your businesses by reducing your corporation tax or providing a cash credit if your business is making a loss.
There are two schemes – one for SME’s and another for large companies, known as R&D Expenditure Credit (RDEC).
The SME scheme applies to companies with under 500 employees and either less than €100m turnover or €86m of assets (including any related companies). Any companies failing to meet these criteria, or are in receipt of some form of grant or subsidy, can claim under RDEC. The schemes are far-reaching as many companies do not realise they have undertaken R&D and they often sell their accomplishments short.
Whilst what is classed as a qualifying activity is the same across both schemes, how a company recognises their benefit is different. We explore this more here.
We provide training so you learn more about how R&D tax credits apply to your business.
We review your claims to make sure they are HMRC-ready.
We prepare your claim with maximum efficiency (inc. tax comp submission & enquiry defence).
We can help improve your processes to make future claims more efficient.
Does your business qualify?
Our R&D Services
Industries and Sectors we specialise in
Our team have worked on claims across many different sectors for businesses of all different types and sizes. Here's just a few we worked on.
Ask our expert: Adam Spriggs
Got a specific question? Why not book a one-to-one chat with our R&D expert, Adam. We’re always happy to chat about your business to help you think differently about R&D tax savings.Book call
You might be interested in . . .
R&D Tax: An industry reflection
Most industries experience BOOMS, whether it’s as far reaching and impactful as the dotcom boom, or more sector specific or regional; like craft beer or manufacturing in Birmingham. Over the past five or so years the world of R&D Tax has experienced such a BOOM.Read in full
What to do in the event of an HMRC enquiry on your R&D claim
Receiving a HMRC enquiry can be daunting, whether its regarding your personal or company affairs, and receiving a R&D Tax enquiry is no different. This article explains what to do in the event of an enquiry.Read in full
R&D Qualifying Expenditure
When looking at eligible expenditure for R&D Tax claims there is one category that often strikes initial confusion – EPW’s. EPW stands for Externally Provided Workers, which still doesn’t shed too much light on what they are as it’s a phrase that doesn’t exist outside the world of R&D Tax.Read in full
Common misconceptions about claiming R&D tax relief
Despite so many businesses and advisors promoting the benefits of claiming R&D Tax relief; there are still those out there who are hesitant to invest the time and resources into making a claim.Read in full
How is my benefit calculated?
Despite so many businesses and advisors promoting the benefits of claiming R&D Tax relief; there are still those out there who are hesitant to invest the time and resources into making a claim either because they think it’s too good to be true, think the process would take up too much of their time or as one owner asked back in 2015 – “is this another Jimmy Carr type scheme?”.Read in full
What our clients say
We have worked with the team on a number of occasions. Their knowledge of capital allowances have been very valuable for our clients. Their service and level of professionalism is always excellent.
They get the job done very quickly and have secured tax refunds and future savings worth tens of thousands of pounds for multiple clients now. We’re happy, and our clients are over the moon.
Excellent service, everything was efficient and ran smoothly. For accountants that do not specialise in this Capital Allowances service themselves, we would highly recommend that you contact these guys to assist you with your clients' needs.
Kennedy & Co Accountants