R&D Tax Credits
Need advice on claiming R&D tax relief?
BC&A Innovation is the Research & Development Tax Relief wing of our business. We help innovative UK businesses understand HMRC’s ‘Research & Development Tax Relief’ scheme and create robust, defensible and maximised R&D claims. Click the button below to head to our dedicated site.
About R&D Tax Credits
In 2000, the government introduces its first Research and Development Tax scheme designed to encourage scientific and technological innovation within the UK. Quite simply its intention is to reward those companies who are trying to improve via their technical work. You don’t even have to have been successful – failed projects can also qualify.
The bottom line is that the SME R&D Tax credit scheme is a generous government-backed tax relief that could significantly reduce your company’s tax bill or you may receive an payable tax credit. The additional Research and Development Expenditure Credit (RDEC) scheme was introduced later to cover the larger or more complex companies.
With both schemes, the money is returned to you effectively tax free and can be paid as a corporation tax refund or tax offset which can be used for anything. Such as hiring additional developers, buying equipment, or even paying dividends. How will you spend yours?
Our in-house specialists will guide you through this whole process from start to finish. Contact us and we’ll let you know if and how you qualify.
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Research & Development Tax
Our in-house R&D tax experts will guide you through the process of claiming tax relief for your innovative projects.
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Testimonials
What our clients say about us:
Sanadi
Business Owner, Portsmouth
“Been using BC&A for a few years now. The staff are very professional and polite, using the company I know that I’ll have no worries getting my tax returns sorted. I’ve recommended them to many friends and family members.”
Lydia
Business Owner, Hampshire
“We thoroughly recommend BC&A Chartered Accountants services. The team have helped us grow our financials and manage our tax commitments with ease. During this time we have expanded year on year and the business has quadrupled in size which has had its challenges, none of which we are delighted to say have been accountancy based thanks to the BC&A team. Thank you for all your help over the years.”
Book your free financial & tax health check today
Is your business turning over £250,000 or more? We’re currently offering free tax and financial health checks. It’s an opportunity for us to sit down, review your current situation, and chat through things like:
- Potential tax savings you might be missing out on.
- Grants or funding opportunities that could benefit your business.
- Strategies to increase efficiency and boost your bottom line.
Think of it as a no-obligation chat where we can pinpoint tax-saving opportunities and ensure your finances are in excellent shape for the future.
