Research and Development (R&D) Grants

The definition of “Research and Development” for tax purposes is much broader than many business owners realise. It doesn’t just apply to scientists in lab coats; it applies to any company solving a technical uncertainty. Goddards Accountants works closely with you to audit your activities, identifying qualifying projects that meet HMRC’s criteria. We translate your technical achievements into a robust financial claim that stands up to the closest scrutiny.

Maximising an R&D claim requires a deep understanding of qualifying costs, including staff salaries, subcontractor fees, and consumable materials. Goddards Accountants meticulously calculates these expenses to ensure your claim is as high as legally possible. We take the time to document the “advance in science or technology” your project achieved, providing the narrative evidence HMRC requires to approve the claim quickly.

The R&D landscape has seen significant legislative changes recently, including shifts in rates and the merging of various schemes. Goddards Accountants stays at the forefront of these developments, ensuring your business adapts to the new rules without missing out on funding. We act as your liaison with HMRC, handling any enquiries and ensuring the process is as smooth as possible, from the initial assessment to the funds arriving in your account.

An R&D tax credit claim can provide a vital cash injection to fuel your next stage of growth. By choosing Goddards Accountants, you are working with experts who are passionate about supporting British innovation. We simplify the complex world of tax incentives, turning your hard work and ingenuity into tangible financial rewards that can be reinvested back into your business.