We were introduced to this business to help them with their accounting systems and processes. However, it soon came to light that this wasn’t a typical events company and in fact many of the services and products they offered at events were actually unique. The company had spent a lot of money on developing the services and products and it had taken a large percentage of staff time. We identified that there was in fact expenditure that could qualify for R&D tax credits.
What we did
We went through the clients accounting records in depth to identify any expenditure that would qualify for R&D tax credits. We worked closely with the company’s internal book-keeper so that they could provide the information that we required. We then wrote a comprehensive report to HMRC.
What was the outcome?
Client received cash of around £18,000 from HMRC and is currently working on many new projects which will also qualify for R&D tax credits.
What did the client say?
“Receiving the money from HMRC has been a real help to my business and will enable me to keep growing and move forward.”
The company are a manufacturer of packaging and had developed a way to seal the packaging which was new to the UK market. They had invested a lot of time and money into developing the product and had made many samples to ensure everything worked how it should.
What we did
With this client there was some fairly obvious innovation and the client had also take financial risk to develop the product. Our main role was to present this in a way to HMRC whereby all of the processes were explained in an easy to understand way, showing that there was innovation but also not using too much technical jargon.
What was the outcome?
Year 1: Cash paid to the company of £8,000
Future Claims: Likely to be £45,000 plus
What did the client say?
“ Solutions have been really helpful in getting our R & D tax credits claim, it really was totally painless”