R & D Tax Relief
Firstly, what is Research and Development Tax Relief, or R&D Tax Credits as its often referred to?
The scheme was first introduced in 2000 for small and medium enterprises, it provides an ‘uplift’ in the expenditure on R&D, currently that ‘uplift’ is 130% of the qualifying expenditure, that is in addition to the normal 100% deduction the expenditure already receives.
Rewards for Advances
R&D is essentially advancing science or technology, this may be:
- creating a new product
- developing a new service
- adapting and developing an existing product or service
The scheme is designed to reward those seeking to achieve advancement in science or technology as such advancements will be subject to scientific or technological uncertainty and that means your company is taking a risk.
During the process of research and development your company will incur many different types of costs, these will include:
- staff salaries and pensions
- light and heat
At Holden Associates we use a very sophisticated piece of software to ensure our claims are not only clear and concise, but the software will also, at an early stage, flag up those claims that are ineligible before we go down the R&D claim process, saving everyone time and money.
By using software, we can deal with R&D claims no matter where you are in the UK, location is not a barrier, we can also screen share with you while going through the claims process, so you can see what we are doing on your behalf.
If you want to know more about how Holden Associates can assist you in your R&D tax credit claim please get in touch.
Call Us: 01704 320560
Your Research & Development, Our Solution = £’s
Our Core Values
Welcome to the online presence of Holden Associates, we are a family run firm of Qualified Accountants, Business and Taxation Consultants, but then you know that, but do you realise that we are just like you, yes that’s right, we are running a business too, it just happens to be an accountancy business.
Our advisors and their skills aren’t just tried and tested; they’re trusted too. We’re technically competent, experienced and completely confidential when working with our clients.
We’re not about the corporate feel. We’re a warm, friendly, approachable team who pride ourselves on communicating in layman’s terms – no silly bamboozle, just simple business.
Our analytical skills are second to none; we certainly don’t take things at face value and in our industry, a keen eye for analysis can be the difference between standard assistance and excellent services.
Contrary to popular belief, accountants are humans too! We’re wholly empathetic and can relate to a variety of life and business experiences to provide an excellent, trusted service.
Our door is always open. There’s no question too complicated, and no job too big or small. We want our customers to feel totally comfortable when seeking help and guidance, and they do.