The UK’s most generous Corporation tax relief – Research and Development (R&D) tax credits – yet so many businesses are missing this opportunity. Unlike many in this sector, we do not charge a % of your claim for assisting with R&D. If we feel it is necessary, we will refer you to external R&D specialists but we believe that (with our support) most companies already have the expertise required within their own business.
Claims can be made retrospectively for the past two accounting periods, which can result in a significant tax reclaim or a tax credit (for loss making businesses). It’s important to get in contact as soon as possible to ensure this opportunity isn’t missed. It’s definitely worth a phone call even if you don’t realise you are carrying out R&D.
Since engaging Elm Financial to aid us in our payroll, bookkeeping, management reporting and year end accounts we have taken huge relief in knowing that everything is up-to-date and accurate. It is a relief not to have the worry of dealing with HMRC and all the reporting requirements as this is all handled by Elm Financial. They are very responsive to our questions and always on hand to help. We would recommend them highly.