Businesses involved in research and development (R&D)

If your business comes up with bright ideas that make a difference to science and technology, you want to make the most of your innovative works. HB&O Chartered Accountants and Financial Advisers in Leamington Spa, Coventry and Warwickshire can help you to do just that.

Businesses whose work advances science and technology - even if the advance is not a huge one - can claim generous tax credits that can make a real difference to their financial health.

With SMEs eligible for credits worth 175 per cent of qualifying research and development (R&D) costs when calculating profits for corporation tax purposes, provided they spend at least £10,000 in a year, it pays to work with tax experts to put together the strongest case.

At HB&O, we go further than explaining the complex rules of R&D tax credits in language you can understand and preparing your claim to help give you the greatest chance of success.

We can also advise you on issues like improving your record keeping, so that you can keep track of all the activities involved in the R&D process, and the costs, so that all eligible expenditure is claimed for.

Because HB&O make sure we understand our clients' businesses, we won't just look at your R&D in isolation. We'll build your R&D into your business planning so that you can use tax credit benefits as part of an ongoing strategy to grow your business and keep moving forward.

If you would like to discuss our services for businesses involved in research and development in more detail with our Leamington Spa and Coventry accountancy teams, please contact us.

To find out more about how our accountants and Independent Financial Advisers in Leamington Spa, Coventry and Warwickshire can help you, please contact us on 01926 422 292 (Leamington) or 024 7663 1303 (Coventry) or at info@hboltd.co.uk

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