R&D Tax Credits

Many businesses in the UK do not realize their qualifications on (R&D) Research & Development incentive from HMRC.

Research & Development is the effort put into by companies to generate new products, processes, services to adapt to the ever-changing business landscape. It opens competition in the industry but can also result in financial risk. But with the help of R&D tax credits, businesses can pour a percentage of their money into innovation which can be claimed back.

Because not many are aware of this scheme or skeptical of how it is executed, it is one of the most underutilized tax-saving opportunities. Accovis LLP supports businesses in this area by working alongside their accounting and tax service work. We work with our clients on claims eligibility assessment, advisory on qualifying criteria, guidance in financial documentation, cost reviews, and support on claims settlement.