Breakthrough Associates Ltd
Financial Services - Balsall Common, Coventry, N/A
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At Breakthrough Associates, we provide companies with professional support for calculating and submitting research & development (R&D) claims.We are passionate about ensuring our clients maximise the recovery of their investment in science and technology innovation.Our team identifies all qualifying activities and their associated costs, presenting this in a detailed report in a format recognised by HMRC.What are R&D tax credits?Set up in 2000, the R&D tax credit scheme is a government incentive designed to stimulate economic growth and investment in R&D, encouraging UK companies to invest in innovation through corporation tax relief or cash payments.If your business is developing a new and innovative product, developing a new manufacturing process, or adapting an existing one, HMRC will contribute towards the incurred costs of research activity.If you are making a claim for the first time, you can claim for the previous two completed financial years. If your financial year end is approaching, be sure to contact us in good time to ensure the best outcome for your business.Your R&D tax credit will be calculated according to whether your company is an SME or large organisation. Our team will help identify which scheme best suits your business.
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