R&D Tax Credits & Relief
We have the knowledge and experience to identify and claim all valuable Corporation Tax reliefs where they are possible.
The profits of your business will suffer revenue taxation which typically slices away a significant part of the value you have generated, each and every year. Managing those revenue taxes and accessing reliefs wherever we can satisfy HMRC that they are available is essential and routine ongoing work for us, often preserving large amounts of profit, over the life of your business, from the taxman.
R&D tax relief remains a particularly powerful source of potential relief for businesses who are trying to solve problems and the solutions can advance or enhance the organisation’s overall technology in what they do.
In our experience, virtually all businesses are seeking to solve problems on an almost daily basis and this simple fact raises the question which all company owners should be asking us, which is “Are we doing Research and Development for tax purposes?”.
Many do not realise that they might be, but with a current “free” uplift of 130% of your qualifying R&D expenditure for deduction purposes, it’s far too valuable to ignore advice and to make a pessimistic assumption.
R&D tax relief is not all we have to focus on, of course; we maximise capital allowances wherever it can be found, we explore the potential to use Patent Box, we structure your operations to support deductions for the maximum amount of your commercial expenditures. It’s an ongoing role of ours to ensure you don’t give away your profits easily.
“We follow a simple principle laid out by our founders: It’s not about keeping up. It’s about staying ahead.”
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It’s our job to clear the way so you can focus on what inspired you to go into business in the first place.
Find out more about how Harold Sharp works, and how we can help you.