Geographic location: Lancashire
Qualifying R&D expenditure identified: £57,000
This included costs for:
R&D tax credits cash refund: £14,000
Lancashire-based web specialist, Bespoke, develops tailor-made software and has invested heavily in a new baseline e-commerce system. This allows the firm to build flexible, custom websites at extremely competitive prices.
This platform is highly-sought after by clients as it can be tailored to their exact needs and wishes, whilst eliminating additional in-house build costs.
Bespoke had given no consideration to R&D tax credits, which have since provided a windfall to boost future innovation.
A detailed analysis of Bespoke’s R&D activities identified a £59,000 spend on development. Within a short timescale, Champion’s pro-active R&D specialists had produced a report to submit to HMRC.
This resulted in a £14,000 cash refund of tax paid during the last two financial years, which is funding future R&D programmes.
“R&D has massively changed our decision making and encouraged us to innovate and invest. Clients that use our software can also claim relief, helping to cut their own costs and enhance our position when pitching for future business.”
Steve Brennan, managing director, Bespoke
Champion Accountants has so far helped SMEs across the UK claim more than £15m in R&D relief – with a 100 per cent success rate.
To see what you could claim, contact David Herd on:
T: 0161 703 2500
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