R&D Tax Specialist in Waltham Abbey

Our company R&D Tax Specialists has assisted thousands in Waltham Abbey in our 20+ years of experience

We have specialists based in Waltham Abbey that can offer competitive prices and in December 2024 we are able to get a no-obligation quote over to you as quickly as possible

With our many years of experience, we have been able to create a very large client base all over the UK that would highly recommend us as a company. Don’t hesitate to get in touch with us today to speak to one of our Tax specialists!

Why Choose Us?

We are a team of professional chartered accountants based in the UK who have helped many businesses in the past process their research and development expenditure. If you are looking for an experienced team of accountants that are trained solely in tax credits and tax relief to help reduce your tax bill then look no further!

The majority of business owners/clients that we have worked with in Waltham Abbey in the past have been unaware they are able to claim corporation tax relief (R&D tax, development tax credits).

Our firm of accountants is here to help you save as much money as you can as a business. Some services we offer are R&D tax credit, corporation tax, audit work, and technical reports if your business is looking for more information do not hesitate to get in touch we offer various types of tax services (we have helped various clients in the past with applying for innovation grants).

We offer a number of great R&D Tax Specialist services and are more than happy in assisting you on anything from price, to dimensions, to specification.

R&D tax relief criteria

The requirements for r&d tax credits are:

• The company must have expenditure for developing new products, training or new process or service.
• Only UK companies are able to claim this benefit (so if your business is registered in Dublin or in the EU you won’t be able to claim this).
• If your company is claiming tax credit claims for the first time you are able to claim R&D tax relief for the past 2 years of the accounting period.
• Your business must also be trying to advance a project or create something new that isn’t already in the market for you to use, this can’t be an existing product that’s already available. If you are interested in innovation grants get in touch today on the contact form on our website.

Benefits of Claiming R&D Tax Credit In Waltham Abbey

There are many benefits of claiming tax credit some of these include:

• In some cases, you are able to claim money back for staff costs (this does, however, depending on the circumstance).
• It will reduce your tax by the amount of credit.
• Accountants are also able to check to see if you are loss-making you will be able to exchange this for enhanced R&D expenditure
• Loss-making companies are able to claim 14.5% of R&D losses back

The whole process of R&D for an accountant is very easy, our team will run a technical report to see exactly what you can classify as research tax (this is seen as an investment by the government).

Then the assigned accountant on your case will then file for r&d tax while they are completing your end of year corporation tax, with our years of accountants’ years of experience and overall knowledge you will be able to save a lot of money.

For tax purposes, it is recommended that businesses use the same accountant for their R&D as well as your normal corporation tax at the end of the year the reason for this is it makes it easier for the accountants to submit.

Is the R&D Tax Relief scam?

No tax credits is not a scam. Tax relief is actually proactively pushed on the government website and also HMRC’s official website.

There have been claims in the past that random cold callers have tried to sign clients up for R&D tax so always make sure you do your due diligence on the accountant that is going to be doing your R&D work read up on existing clients, check to see if they have client testimonials or even any existing client reviews.

Always check to see where the registered office of the accountants in Waltham Abbey you are dealing with is, if the registered office is outside the UK you should be careful, they might make claims to offer you a service or handful of services at cheaper costs but they may never achieve the best result for you or they might even get you in trouble with HMRC.

Always make sure to check out the website of the company that is dealing with your accounts. Check to see if they have any existing clients if they provide any other services and also what technology they use to file your accounts, some advanced accountancy technology/software are Quickbooks, Sage, and Xero.

Find More Info

Make sure you contact us today for a number of great R&D Tax services in East of England.

Here are some towns we cover near Waltham Abbey.

For more information on R&D Tax services in Waltham Abbey, fill in the contact form below to receive a free quote today.