R&D tax credits
Reliable R&D tax credit services for your ‘business gain’
Are you developing new or improving products or processes
Your business may qualify for R&D tax claims. You deserve credit!
Innovation is the lifeblood of any business, and if you are innovating new products or processes, you can reduce your taxes and claim cash from HMRC.
Unfortunately, we’ve noticed that a sizable majority of business owners miss claiming the R&D tax credits they are entitled to.
Our R&D tax solutions are designed to ensure you grab the opportunity with both hands.
We conduct a thorough analysis of your company’s operations to identify all qualifying activities and associated costs to maximise the credits.
We even walk the extra mile and file the claims with HMRC.
Thanks to 3E’S, our clients have managed to save thousands in tax bills.
Use our streamlined R&D tax credit services today!
What you get with 3E’S R&D tax relief services
- Management of R&D application filings and any correspondence with HMRC
- Up-to-date advice and knowledge-sharing on the R&D legislation
- A dedicated tax advisor along with tech support to guide you through the process
- The utilisation of the latest technology to ensure your data is secure
- Evaluation of our fee around your investment in R&D
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Franchise partner, Courier and Delivery company
I am delighted and happy with the services provided regarding my tax return, both my return and business return, including annual accounts and submission. I would describe 3E’S Accountants as professional, highly trustworthy, quick and empathetic. They handled HMRC compliance check and investigation proactively and confidently that I didn’t realise when it was started and completed. They know what they are doing, and I found them highly professional and knowledgeable. I would highly recommend 3E’S Accountants to everyone.
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AI Consulting Company
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Property investor
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Convenience Store
I have been using 3E’S Accountants and their varied services ever since I established my own business back in the day. Since then, Tushar and his team have been extremely helpful and always prompt in their response. Be it tax specific or general issue — they know it all. Professional, efficient, and experienced — their staff goes the extra mile for their clients. Very highly recommended.
Swapn P
Pharmacy Store
3E’S Accountants has been my accountant ever since I started my career as a Locum Pharmacist. Today, they’re looking after three of my pharmacy accounts. The entire team is responsive, professional, and patient. As a medical professional, I needed an accountant who understood the financial specifics of my job, and that is exactly what 3E’S offers.
Is 3E'S the right choice
for your business?
We could throw a long list of reasons at you for working with us. But we’ll stick with a few:
We streamline the claims process to get your credits faster.
Claim the maximum R&D tax credits with our specialised knowledge.
Our professionals handle your R&D claims with precision and expertise.
Access our services at a competitive rate to enhance your investment in innovation.
Let us worry about the tax credits while you push your R&D forward.
Frequently asked questions
For tax credit purposes, R&D activities must aim to make an advance in science or technology. This can include creating new products, processes, or services or improving existing ones.
The work must involve overcoming scientific or technological uncertainties, and the solution must not be readily deducible by a competent professional in the field.
Typical qualifying activities include developing new software, engineering new products, creating prototypes, and conducting experimental trials.
The following costs can typically be included in an R&D tax credit claim:
- Staff salaries, wages, pensions, and NICs for employees directly involved in R&D activities
- Materials and utilities used in the R&D process, such as water, fuel, and power
- Costs of temporary staff provided by an agency and involved in the R&D work
- Payments to subcontractors carrying out R&D activities on your behalf
- Payments to volunteers participating in clinical trials for R&D
- Costs of software used directly in the R&D activities
The amount you can claim in R&D tax credits depends on the size of your company and the nature of the R&D activities:
- SMEs can deduct 230% of the qualifying R&D expenditure from their taxable profit. If the company is making a loss, it can claim a tax credit worth up to 14.5% of the surrenderable loss.
- Large companies can claim a Research and Development Expenditure Credit (RDEC) of 13% of qualifying R&D expenditures. This credit is taxable; the net benefit after tax is typically around 10.5%.
You should submit your R&D tax credit claim within two years after the end of the accounting period in which the R&D expenditure was incurred. Submitting your claim as early as possible is beneficial to expedite receiving the tax relief or credit.
The processing time for R&D tax credit claims can vary. Typically, HMRC aims to process claims for SMEs within 28 days of submission. The process may take a bit longer for large companies under the RDEC scheme. To avoid delays, it’s essential to ensure that all documentation and evidence supporting the claim are complete and accurate.
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