Your Business With James Caan 2017 - 63
T H E S CO P E
with issues as and when they arise, without
realising they could benefit from funding.
Will my accountant do this?
Companies can be forgiven for seeing R&D as a
tax subject that you'd expect your accountant
to bring to your attention in the annual review.
However, R&D is not tax and it needs technical
expertise to really understand how it applies to
your business so you need to understand what
function your accountant will perform and if
your business may benefit from a specialist. The
WHO WE ARE
W H AT W E D O
GovGrant helps innovative
businesses maximise funding
from government sources. As the
market leader for over 10 years, we
will work with you on your level, in
your language, in your expertise.
Through our network of over
60 professionals from business
backgrounds as diverse as software,
engineering, manufacturing and
financial services, we take the time to
match our insight to your business
to maximise the reward you can get.
We are not accountants and
we are not tax advisers. We are
We don't charge by the hour.
Instead, we share in success - that's the
best measure of the value we bring.
It takes an experienced eye to
identify the full potential of your
claim. We will give you an expert
who knows about your industry
and speaks your language. They'll
walk the floors and get to know
your business so they can identify
the activities you do to develop and
innovate your products or services.
It is then a question of preparing
the claim. We know what HMRC are
looking for, so we can ensure your
claim is maximised and robust, which
gives you the best chance of having
your claim approved.
We manage your claim from start
to finish, from initial engagement,
right the way through to the business
receiving the benefit.
accounting profession knows this and many
work with specialist providers to give their
clients the best chance of success.
What does R&D look like?
What qualifies as R&D is vast - if it demonstrates
a leap forward in your business or something
you just didn't know the answer to, there is a
likelihood that you have done something in that
process that satisfies the definition.
What can I claim?
The average claim for an SME is £61,000, rising
to more than £390,000 for larger businesses. The
first step is identifying qualifying expenditure
which may include staff costs, subcontractors,
materials, software, heat, light and power.
Once this is identified in line with the R&D
activity, it is enhanced by up to 30% to give you
your qualifying expenditure. Your claim will be
up to 33% of the qualifying expenditure and may
provide a significant cash injection to the business.
F O R M O R E I N F O R M AT I O N
Call: 01727 738600