Research and Development

Many business owners are unaware of the potential benefits of R&D tax credits the may apply to their business. R&D tax credits enable companies that incur costs in the development of new products, processes or services, to receive a cash payment or tax deduction.

From 1 April 2015, the R&D tax claim enhancement is 230% of the qualifying R&D expenditure incurred – this means that if your business incurs expenditure of £1,000 on qualifying R&D, a deduction of £2,300 can be made when calculating the taxable profit for corporation tax purposes.

Our specialist team can provide advice on research and development, working closely with you to ensure that all qualifying expenditure is identified and recorded correctly. We will prepare the necessary reports for the required submissions to HM Revenue & Customs and liaise with them where necessary regarding the claim.

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News

8 May 2019

eNews – May 2019

In this month’s eNews we report on the latest guidance for employers, revised VAT fuel scale charges and the consultation to extend IR35.  We also update you on the latest ... Read more

6 April 2019

Mander Duffill Accountancy Academy with Wiltshire College & University Centre

We are now working with Wiltshire College & University Centre to help train and develop the next generation of accountants.
Julian Duffill, the firm’s Managing Partner, expressed his excitement with ... Read more

5 April 2019

eNews – April 2019

In this month’s eNews we report on tax changes for the new tax year and an update on the Structures and Building Allowance following the Spring Statement. We also consider ... Read more