In light of the current climate we’d like to offer any businesses who are concerned about their cash flow the opportunity to talk to us about claiming R&D tax credits.
R&D tax credits are a government tax relief that rewards innovative UK companies.
R&D tax credit relief for SME’s is between 24.7% – 33% in the £1 of all qualifying costs and is available to companies that spend money developing new products, processes or enhancing existing ones.
Many businesses are carrying out innovation on a daily basis and are unaware they do it automatically as they include it in their daily processes.
Spotting these processes and documenting them could help your business claim back thousands in revenue and give your business a much needed cash injection.
With businesses focusing on staying afloat during the Covid-19 pandemic it’s imperative that they have as much cash in the bank as possible.
In turn being as cash efficient as possible R&D tax credits is a quick approach to corporation tax savings and or cash back in to businesses.
Lumo can turn around an R&D claim within 7 days with minimal interruption to you and your business, and ensure a return on your bottom line averaging from 30% upwards.
Call us on 01207 460616 or email firstname.lastname@example.org
By Lumo Tax