Are we eligible for the incentive?
Many business owners and finance departments will wonder if they are eligible for R&D tax credits. The answer is often yes. If your company is taking a risk by innovating, improving or developing a process, product or service, then it can qualify for a Research & Development tax relief claim. It’s rare to find a business where all innovative activity is transparent and neatly housed within easily identifiable job roles and functions. We tend to find it’s more typical that R&D functions are spread across numerous aspects of the organisation, with some individuals playing a far more active role.
We often start by working with clients to identify the specific job roles within a business and attributing a percentage of their time as qualifying Research & Development expenditure. As a result, it’s not uncommon for us to find a web developer, systems engineer, technical director, product designer or CEO that is more involved in day-to-day innovative activity than even a dedicated R&D Manager might be.