In the UK, businesses that invest in research and development that seeks to advance knowledge or capability in the fields of science or technology can apply for R&D tax relief.
However, many organisations, especially small and medium size businesses are missing out on this relief which is often a cash payment. Some are unaware that they are eligible, others are unsure about how to apply for it.
“Braant provides good and reliable service and we are working together with them for even more improvements in the future, which we believe is more than achievable.”
At Braant, we’ll let you know if you should be applying for R&D tax relief and if you are, we’ll support you all the way.
We’ll collect all the relevant financial data around your research and development. Costs that you can reclaim via the scheme include staff salaries and subcontractor costs, which can easily run into six-figure sums and beyond.
We’ll then review and assess your R&D projects to help you make your case and maximise any claim.
Finally, we’ll submit your claim to HMRC and liaise with them on your behalf.
Whether you’re a sole trader, an SME, a non-UK business or a large corporate, we can provide you with full service accounting support.
Over 1,000 clients rely on Braant Accounting for services ranging from bookkeeping and self-assessment, through VAT and annual company accounts to long-term financial and tax planning strategy.
These clients operate in a multitude of industry sectors and they choose us because we understand the accounting challenges specific to these sectors.
We have the resources, the experts, the knowledge and experience to help your business grow. And with over 1,000 accountancy clients in the UK and London, the volume of our work allows us to share economies of scale with you.