Following on from a successful R&D tax credits claim totalling £245,000 when we were first engaged to act last year, our client has just secured a further £188,000 in cash tax relief under the UK R&D Tax Incentive!
Our initial claim totalling £245,000 covered two accounting periods and has since allowed the company to expand its software development team thereby accelerating its progress.
The company was profitable in its most recent financial period and therefore our claim for enhanced R&D tax relief wiped out a corporation tax liability of £54,000 AND created a tax loss that the company could surrender for R&D tax credits totalling £134,000.
The Company is engaged in the development of CRM software architecture. The nature of its technical work involves the development of proprietary algorithms capable of optimising the interactions of the CRM system with its users.
If your company is engaged in the field of software development, please contact us to discuss your potential eligibility for R&D Tax Credits further