What better way to kick start the year, than by finding out and claiming money that you're entitled to back in to your business. So, let's start getting your R&D Tax Credits claim into shape:
Your 5 tried and tested tips
Tip 1.
Keep an ongoing record of your R&D projects. For example, what were the technical challenges, who worked on the project, how much time was spent, were any subcontractors used, was anything spent on consumable materials?
Tip 2.
Go for it! Ensure you have utilised your full allowance  R&D Tax Credits can be claimed for the current financial year and the 2 previous years. After this time the benefit is lost! So don't miss out!
Tip 3.
Maximise your claim  a number of our clients feel they have claimed their allowance but after a quick calculation we have realised they have under-claimed. Claims can be resubmitted. In one case we increased the claim by 30 times the original calculation!?
Did you know? You can also claim on projects already funded by a grant!
Tip 4.
