The Problem With Claiming the R&D Tax Incentive
When it comes to claiming the R&D funding, the biggest problem we see is not with eligibility but with misinformation and incomplete claims. This typically follows when a client’s accountant has told them, “leave your R&D tax incentive claims with me”. We love accountants. They’re some of our biggest clients. But…
The fact is, although accountants have the financial ability to submit the R&D Tax Incentive claim, their technical expertise to satisfy the requirements of the technical report may not be as extensive as the one coming from industry experts and consultants. The downside to this is you could end up doing this work yourself – describing the technicalities of your project, defining hypotheses and justifying the uncertainties faced. And that, as we know too well, is a time-consuming process that can get very complex very fast.
“What Is The R&D Tax Incentive?”
Research and Development (R&D) Tax Incentive is a scheme introduced by the Governments to reward and encourage innovation and advancement of science, technology, and knowledge. This scheme allows you to claim back on your expenses related to development. But don’t let the term ‘R&D’ deter you from finding out if your business qualifies!
R&D is much broader than we think and can take place in almost any sector. Whether your business improves the crop yields and fertiliser quality, constructs buildings, or develops its existing software to be more streamlined – you could potentially qualify.
Why Trust R&D Tax With BourkeHood?
20+ years of combined technical and financial experience means we know how to maximise your R&D tax relief claims.
Our proven and tested methodology ensures experienced consultants review your case throughout the entire process.
We help businesses grow through maximising all possible R&D tax incentives and grant opportunities.
Speak with Us
We’d like to invite you to schedule free and no-obligation consultation call with a BourkeHood R&D Tax Specialist. This is where we can tell you more about what it is that we do, and a great opportunity for you to ask any questions in relation to your company’s projects.
Whether you are already claiming and would like to compare your options, or just starting to research about the scheme, we’re here to help.
Talk To A BourkeHood R&D Tax Incentive Specialist
To Find Out How To Maximise Your Tax Incentive Claim
We understand that each company has its own R&D composition and costs, so your potential tax claim amount will be unique to your circumstances, and the questions you ask specific to your business. That is why we offer our free consultation call.
PS Your accountant has already said you don’t qualify?
We may know why. When it comes to the R&D Tax Incentive, there are a number of grey areas that often go unnoticed. For that reason, at BourkeHood we tap into the talent of both technical and financial consultants who not only specialise in R&D tax reliefs, but also have the industry experience across sectors and disciplines.