“Meeting up with Watsons at one of their tax seminars resulted, after some preparation and planning, in a valuable cash injection in the shape of a tax refund to my business that I would not have thought possible. This enabled me to fund more easily the development of a vital new product for the company.”
- Stuart Green, Director
Commercial Software products
The client was undergoing a period of transition and needed to develop its product range but was incurring losses from the substantial investment required.
Their former taxation advisers had not been proactive enough to inform the client of the potential to make a claim under new legislation for a tax credit on research and development costs.
To assess the development undertaken and to confirm it met the criteria for a successful claim, support the directors during preparation of a detailed claim and ensure its speedy submission to H M Revenue and Customs
ResultFind out more about our Payroll & Taxation service.
A cash tax credit refund for the client of £55,000, which eased cash flow and proved invaluable for completing the development.