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Research & Development
Tax Credit

Why Choose Account-ease?

At Account-ease, we understand the unique challenges faced by self-employed individuals and small business owners. Our personalized approach ensures that every client receives the attention and expertise needed to manage their tax affairs efficiently. Here’s how we can help:

  • Expert Guidance: Our team of qualified accountants offers specialized advice tailored to your specific circumstances, helping you navigate the complexities of R&D Tax Credits and maximizing your eligible claims.
  • Accurate and Timely Filing: We ensure your R&D Tax Credit claims are prepared accurately and submitted on time, helping you avoid any penalties or delays and ensuring you receive your entitlements promptly.
  • Comprehensive Support: From identifying eligible R&D activities to gathering and organizing your financial records, calculating your tax liability, and submitting your claim, we handle every aspect of the process, providing you with peace of mind.
  • Transparent Pricing: Our pricing policies are clear and straightforward, with no hidden fees. You’ll always know what to expect, ensuring a stress-free experience.
  • Choose Account-ease for your R&D Tax Credit needs and experience expert service designed to optimize your tax savings and support your business growth.

Research & Development (R&D) and R&D Tax Credits

Research & Development, or R&D, involves activities undertaken by companies to gain new knowledge and innovate by creating, implementing, and refining new products, services, and processes. This is especially crucial in the early stages of development, where gaining a competitive edge in the industry is vital. However, R&D can also pose financial risks, particularly if a project doesn’t yield the expected outcomes. This is where R&D tax credits come into play.

If your business is investing in research and development, you may be eligible to claim R&D tax credits. These credits can significantly offset the costs associated with your innovative projects, providing financial relief and encouraging continued investment in R&D.

At Account-ease, our ongoing accounting and tax services integrate seamlessly with the R&D process. We handle all of your company’s accounting needs and assist with the R&D tax credit claims, ensuring you maximize your benefits and support your business growth.

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What Projects Can Be Included as R&D?

  • To qualify for R&D relief, your work must involve a specific project aimed at advancing science or technology (excluding social sciences like economics). The projects should relate to your trade, whether it's an existing operation or a new development prompted by your R&D work. You should be able to demonstrate that your work has:
  • Sought an advance in science and technology.
  • Overcome technical uncertainty.
  • Addressed issues that couldn't easily be resolved by a professional in the field.
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What are R&D Tax Credits and How Do They Work?

  • To support business growth and innovation in the UK, the government offers an incentive scheme known as R&D tax credits. These credits allow companies to recover up to 33.35% of their R&D expenses, either as a reduction in Corporation Tax or as a cash repayment. This tax-free benefit can be utilized for various purposes, such as hiring new employees or investing in new equipment.
  • In essence, the R&D tax credit scheme enables businesses to reclaim a portion of their investment in innovative projects, providing a financial boost to continue developing new products, services, and technologies.
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How Do I Claim?

  • At Account-ease, we guide you through the process of claiming R&D tax credits. As a trusted accountancy firm, our expert team handles the financial aspects, ensuring a smooth and successful claim process. We will:
  • Conduct an initial discussion to determine if a claim is viable.
  • Provide advice on what qualifies as an R&D project and what steps you need to take to meet the criteria.
  • Assist in preparing a Technical Justification document in line with HMRC guidelines.
  • Review your qualifying expenses and guide you on the costs that can be included in the claim.
  • Support you in applying for Advanced Assurance, if this is your chosen route, to help secure your claim's acceptance.
  • Include the claim and necessary supporting documents in your company corporation tax return.
  • With our comprehensive support, you can navigate the complexities of R&D tax credits confidently, ensuring you receive the maximum benefit.
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Do I Qualify for R&D Tax Credits?

  • There are no strict industry restrictions for claiming R&D Tax Credits—any company in any sector may be eligible. To qualify, a company must have undertaken qualifying research and development activities.
  • The official definition provided by the government states:
  • “R&D for tax purposes occurs when a project aims to achieve an advance in science or technology. Activities that directly contribute to this advancement by resolving scientific or technological uncertainty are considered R&D.”
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Our Commitment to You

Our Commitment to
You

At Account-ease, we are dedicated to providing exceptional service and support for self-assessment tax returns. We recognize that every business is unique, and we tailor our services to meet your specific needs. Our experienced accountants are committed to handling your self-assessment tax returns with precision and care, allowing you to focus on growing your business confidently. With our expertise, you can be assured that your tax affairs are in capable hands, ensuring compliance and peace of mind.

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What Our Clients Say

Ben H.
Great Service and Stress-Free Tax Returns!

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Being a landlord comes with a lot of paperwork, but their service has kept me organized and on top of my taxes. They’ve made such a difference, and I’m much more relaxed now about my financial management.

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Incredible R&D Tax Credit Support!

I had no idea my business qualified for R&D tax credits, but they walked me through the process and helped me save a lot. Their support has been fantastic, and I’d recommend them to anyone looking to make the most of their finances.

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I needed someone who understands my business, and they’ve been great at managing my accounts. They always keep me on top of my taxes and deductions, and I feel really secure with them handling everything.

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Running a business is tough, but their help with my finances has made everything so much easier. They get my business and always provide great advice when I need it. I’m really happy with their service!

Emma G. Tech Entrepreneur

The R&D tax credit service they provide is outstanding. I didn’t realize my business qualified, but they guided me through the process and secured significant savings. Fantastic team!

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