Over 300k claims so far with a ￡40bn+ return. This is why you should be claiming for R&D

LOOKING TO MAKE AN R&D CLAIM BUT NOT SURE WHAT IT IS OR WHO TO TRUST??

There were circa 86,000 R&D rebate claims submitted in 2021 from UK businesses with a total return value of ￡7.4bn!

To put it simply, Research and Development Tax Credits are a UK tax incentive designed to encourage companies to invest in R&D. Companies are able to reduce their tax bill or claim payable cash credits as a proportion of their R&D expenditure. R&D rebates can be claimed by a range of companies that seek to research or develop an advance in their field. It can even be claimed on unsuccessful projects.

So the above question, as you would expect, is a very common one and one we expect to hear from anybody not already benefiting from R&D rebates. Luckily, with Money Sphere, it isn’t as complicated as it sounds, R&D rebates just need an expert at hand to be able to decipher the areas of your business which can contribute to the maximum return possible.

The 5 areas which make up R&D claims are…

1. Staff wages
2. Agency Staff
3. Subcontractors
4. Software
5. Consumable items

On all of the above, we would spend time talking through all costs associated with running your business which are deemed as R&D, post conversations & ensuring we have covered each aspect we would then start to build your claim pack cross referencing all of our findings making sure that HMRC have no delays in approving your R&D claim.?There is no smoke and mirrors in our approach and we have an 'arm round the shoulder' method in what we do.

Money Sphere has a 100% success rate and we work in a wide variety of sectors, from recruitment businesses to manufacturers. To date. we have recovered tens of millions, but the process doesn’t just end with us submitting your R&D claim, we also provide guidance and tips on how to account for all future aspects of your business ensuring the maximum possible return.

So if you are not already claiming you are definitely missing out on this, even if you are already claiming the chances are there could be more due back to you, most of our clients had long standing relationships in place with other 'specialists' and just 1 phone call with us made them realise they were not getting the right kind of service. So speak to us to see how we can help.

Kind regards

Money Sphere