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R&D Tax Relief
R&D Tax Relief. Are you entitled?

Rob Morgan

Tondano Consulting Limited a business development consultancy based in Newcastle  has teamed up with expert organisation RD Tax Solutions to help Small and Medium  Sized Businesses in the North East claim tax rebates and allowances they may be  entitled to under R&D Tax Relief.    According to figures released by HMRC less than one percent of companies entitled to  claim this valuable tax incentive are claiming and billions of pounds set aside for the  purpose is just going back into Government coffers.    R&D Tax Relief is a Government initiative set up to incentivise companies who invest in  this area of their business. “But many companies are simply not aware of the scheme, or  they believe investments made in these areas will not qualify,” says Rob Morgan, owner  and Director of Tondano. “There is a view that to qualify you need to be using boffins in  labcoats but this is simply not the case.”    Many different types of expenditure may qualify, for example:  Development of new products, devices or equipment,  Improving existing processes or developing new ones, Change Management or Business re-engineering Development of new or existing IT platforms (e.g. CRM systems) Development of new or enhanced service offerings  Project development of new and existing services €‹“Companies can claim for staff costs, software, utility costs and any sub-contracted work  and materials,” continued Morgan. “With an average claim in excess of £40,000 for SME  businesses it is well worth finding out if you are entitled to make a claim.”    RD Tax Solutions have unrivalled experience in assessing, preparing and processing  claims on behalf of qualifying SMEs. They have processed more than 1700 claims since  they were formed in 2014 and have secured relief in excess of £68,000,000 on behalf of  their clients. And its risk free for companies to find out whether they have a claim as RD  Tax Solutions only take a fee where a claim is submitted and approved by HMRC.    For further information go to  http://tondano.co.uk/rdtax  or contact Rob Morgan at  rob.morgan.tondano.co.uk   …

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