Use your R&D Tax Claim to Kickstart Your Company’s Innovative Endeavours
Did you know that you can deduct up to a massive 230% of your qualifying costs as part of small or medium-sized enterprise (SME) tax relief?
With R&D Tax Credits, funding innovative operations has become easier than ever for SMEs. Get on the funded innovation track now and kickstart your business growth.
What Are R&D Tax Credits?
Getting tax relief sounds too good to be true, right? But it’s now possible.
This is an initiative by the UK Government that seeks to ease the innovative track for SMEs and promote future-oriented products and start-ups. If you wish to develop something new and extraordinary, research and development becomes a primary sunk cost. With reclaimable tax credits, you can reduce your tax bill and/or receive up to 33% of your expenditure as a cash lump sum to fund your investment.
Want to see if the above benefits can apply to your business?
The Credit Is All Yours
The expert team at British Business Funding partners with you to get your R&D tax credits. But if you’re wondering whether it’s worth all the effort, the following information might just make you rush to get your claim started – in record time.
In answer to how much R&D you can claim, the possibilities include:
- 100% deduction of qualifying costs from yearly profit
- Deduct an extra 130% on top of the 100%
- Claim up to 14.5% of the surrenderable loss if your business makes a loss
Boost your innovative streak. Attain valuable funding for your business endeavours.
How To Apply For R&D Tax Credits
Reclaimable tax and deductions sound like a fabulous idea. Getting them? Not so easy.
There are several governmental eligibility checks and criteria to fulfil before your business can qualify for an R&D credit. With us, the process becomes simpler, less time-consuming, and with a drastically higher potential to succeed.
Are you wondering how to claim R&D tax credits?
Ask the experts
Check if you meet the criteria for SME R&D relief
- Less than 100 million pounds in turnover
- Less than 86 million pounds balance sheet total
- A workforce of fewer than 500 persons
There isn’t any one-size-fits-all approach to applying for your R&D tax credits.
We dive into the nitty gritty, figure out exactly where your business stands with state, external, and or private investment, and help determine eligibility and make the next steps a breeze to go through.
Fill out our contact form to get your free R&D Claim estimate within 24 hours!
Fill in our short contact form and we will be in touch to guide you through the next steps of claiming your R&D tax credits and get you an estimate of how much you could claim!
Please note:
We are an introducer of business funding & not a direct government backed lending operation or a finance association of any public body.