Identified research and development tax savings

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The joint owner of a growing innovative business in the telecoms industry attended one of our “Inspire and Prosper” seminars. Her ears pricked up when the topic of Research and Development tax credits arose.

Talking to her afterwards, our Tax Partner, Sarah Salton quickly identified an opportunity to claim relief that would save her company a great deal of tax. Although the company had been involved in R&D since it started trading, she was delighted to learn that it was not too late to rectify the situation and make a claim for previous years.

In fact, following our advice the company did not pay any tax for the first two years of trade and reduced the third year’s corporation tax bill by over 50%.

If your business is involved in developing innovate ways of doing things then please contact Sarah Salton on 01925 761 600 or sarah.salton@stylesandco.co.uk to discuss further.