World-leading technologies, mind-blowing scientific breakthroughs, and the latest digital innovations are what we live for. We get excited about them all.
In fact, we consider ourselves to be innovation’s number one fan. Not only do we love what it is you’re doing, but we actively support you by celebrating and sharing your innovations with HMRC to reward you for your hard work in the form of R&D tax credits.
We’ve successfully helped over 200 companies make more than 250 R&D tax claims, recovering over £15m in tax relief over the past 10 years. And we’re proud of that.
We might not be the ones actually creating the innovations of the future, but we’re doing all we can to support the companies who are. Because we love being a part of it, no matter how small.
To put it plainly, our mission is to support innovation in the UK. So, the more companies we can help make successful R&D tax claims, the more we believe we’re doing our part.
Working in partnership with NEPIC
R&D tax credits are a valuable government tax relief that rewards UK companies for investing in innovation. NEPIC have partnered with Lumo Tax to ensure that member companies who are spending money developing new products, processes or services; or enhancing existing ones are applying for the cash payment or Corporation Tax reduction that is available to them.
A lot of the time businesses don't realise they're innovating when in fact they are. Or if so, don’t maximise the value of R&D tax relief. Lumo’s edge is that they are specialist R&D tax experts, not generalist accountants, so they will be able to maximise your R&D tax relief.
30 Mar 2021
Retrospective R&D Tax Claims: How late is too late?
For businesses looking for an extra injection of cash, research and development (R&D) provides an avenue well worth exploring. Why? Well, in an effort to incentivise British businesses to spearhead innovation and evolution in their relevant industries, the UK government’s…
In-Progress R&D Expenses: What does it mean for business valuations?
Investment and acquisition opportunities rely on the ability to consider and examine a business’s audited financial records and statements. As such, having a comprehensive understanding of these records is key to obtaining an accurate business valuation. With this in mind,…
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…
There is a growing trend towards looking for health solutions in the life sciences. This is a hugely important sector that is concerned with supporting life and health in individuals. Many of the improvements we have made in recent…
And how life sciences R&D tax credits work There is a growing trend towards looking for health solutions in the life sciences. This is a hugely important sector that is concerned with supporting life and health in individuals. Many…