Research and Development Tax Credits2023-11-27T13:02:02+00:00

Research and Development Tax Credits

Research and Development Tax Credits

R&D Tax Credits Fuelling Tomorrow’s Success

R&D Tax Credits Fuelling Tomorrow’s Success

The Research & Development (R&D) tax credit was designed by HMRC to encourage developments and increase spending on R&D activities for companies operating in the UK.

By processing a successful R&D tax credit claim, you will receive either a cash injection or a reduction in your corporation tax liability. This valuable relief can free up resources that can be invested back into your business to support further growth.

Fuelling Growth, Maximising Returns

Fuelling Growth, Maximising Returns

It provides financial relief which can free up resources so that businesses can invest in new products, services, or processes. This, in turn, can help businesses stay competitive and ahead of their competitors. Moreover, the R&D tax credit can help businesses build their reputation and brand.

A business that highlights their commitment to growth, can differentiate themselves from their competitors and position themselves as leaders in their industry. This can help to attract new customers, partners, and investors who are interested in working with innovative and forward-thinking companies.

In partnership with

Business Innovation Group is committed to helping businesses achieve success through innovation and growth. We work closely with our clients to identify R&D activities that are eligible for tax credits, we provide them with the support and resources they need to submit a successful claim.

To ensure that we only submit robust applications, Business Innovation Group have partnered with the industry leading, R&D Community. The community helps to review and verify our clients’ R&D activities at a completely unbiased perspective, ensuring the applications meet the strict eligibility criteria set out by HMRC.

By working with this specialist third party, we promise to our client’s complete peace of mind, knowing that their claims are accurate, reliable, and fully compliant within the BEIS guidelines.

“R&D claims are complex and subjective, so we encourage advisors to look for a second opinion when needed. Our goal is always to offer our members thoughtful and accurate advice and training, so that they can provide their clients with an effective R&D claims service with confidence.”

– Richard, Founder of R&D Community.

Maximise your R&D tax incentive return.

Initial discussion with our dedicated R&D team to determine your business eligibility.

In-house R&D experts & chartered accountants hold over 20 years of combined experience in R&D Tax Credits.

Our high success rate is a testament to our high standards and attention-to-detail.

Real-life results

We Generate Results for Our Customers

We generate results for our customers

Super happy with the result and thanks for all the help from the team at BIG on achieving us a great sum of money back from the R&D incentive.

Paul, Director – Transive

Frequently Asked Questions

What areas of expenditure can I claim for?2023-09-18T14:28:59+00:00

Eligible areas of expenditure for the R&D tax credit in the UK include employee wages, subcontractor fees, materials and consumables, and software used for R&D purposes. To get an same-day estimate on how much you could claim back, get in touch today.

How does my business qualify for the R&D?2023-09-18T14:28:40+00:00

Eligible activities include those that seek to develop new services, systems, or processes, overcome uncertainties, solve complex challenges, or adapt processes to improve their service. Our team at Business Innovation Group can work with your business to identify qualifying activities and expenses specific to your operations.

We work across multiple industries from Engineering to Software to Biotech and everything in-between, with industry specialists helping to identify the right projects and the qualifiable expenditure attached to these projects than can be claimed.

Why has my accountant not advised me of the R&D Incentive yet?2023-09-18T14:28:05+00:00

The R&D tax incentive is a specialised area of tax credits that not all accountants are familiar with. Our team at Business Innovation Group specialises in R&D and can work with your accountant to identify qualifying activities and expenses and file a claim on your behalf. In-fact we partner with many accountants across the UK to help their client base look at their own eligibility and make successful R&D Incentive applications.
If you or your accountant has any questions with regards to how we operate, please do not hesitate to get in touch.

How does Business Innovation Group ensure my application is compliant?2023-09-18T14:27:46+00:00

We take compliance very seriously and have implemented strict protocols to ensure that our R&D tax credit claims comply with all applicable regulations. Our consultants, R&D analysts, operations, and leadership team are trained to follow strict compliance guidelines that hold us responsible for ensuring our clients are provided with a seamless process.

Why would I choose Business Innovation Group to process my R&D application?2023-09-18T14:27:18+00:00

Our team has extensive experience in helping businesses of all sizes and industries claim R&D tax credits in the UK. We have a proven track record of success and utilise a comprehensive approach to ensure that our clients receive the maximum benefit possible from their claim. We also utilise a third-party compliance check before all submissions are made. Richard and the wider team at R&D community validate the project eligibility and review our internal compliance processes to ensure our clients get a leading service and complete peace of mind.

What is the R&D tax incentive, and how does it work?2023-09-18T14:26:25+00:00

R&D tax credits are a government backed incentive designed to encourage innovation and growth in UK businesses. Eligible businesses can receive a cash payment or corporation tax reduction for qualifiable R&D activities/expenditure. Our team at Business Innovation Group can assist businesses with identifying these eligible projects and expenses before filing a claim with HM Revenue & Customs on your behalf.

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