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With my company being so big, though, and the amount of stuff we distribute, I thought to myself... surely thereu2019s a way I can get r&dtax credits relief?
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R&D Tax Credits Relief? Shout out to all my business owners! Now have I got some news for you!
Did you know that you can most likely make a claim for r&d tax credit relief? Neither did I until now!
So what happened was I was going through all of my paperwork, you know, getting my business up to scratch and I was checking my expenditures, my r&d and my tax payments making sure everything added up; turns out, I was spending more money on the business products and services than I thought, but my tax was also really high! I have to admit I was struggling and wasn’t 100% sure on how I would be able to carry on with all of this. With my company being so big, though, and the amount of stuff we distribute, I thought to myself... surely there’s a way I can get r&dtax credits relief? Just to help me a little. So, I’m searching the web you know “r&d tax credits relief”, “Research and development tax credits", “tax credits relief" – the lot. You would not believe the amount of responses that came up! And it’s true! You absolutely CAN get r&d tax credits relief! Can you believe it?
Now, I was searching through and searching through cause I went back on myself a little and thought, ‘it’s definitely not going to be easy trying to get r&dtax credits relief, am I simplifying this too much?’ that was until, however, I came across this one site Areande.com. A little chat pops up when you open up the site, someone pleasantly asking if you need a hand, massively simple navigation and there it is, first thing you see on the screen “Experts in innovation tax relief" – this is too good to be true –I’m searching around their site looking for more
information. ‘Is my company eligible?’, I find, and this is what it told me,‘Spending money developing or improving new products, services, or processes qualifies you for Areande tax relief. Regardless of your industry or sector, innovative businesses can make an Areande claim to receive either a cash payment or a reduction in their tax bill.’ Even better! But of course I have to check that this is a genuine lawful procedure so I open up a new tab and type in ‘am I allowed r&d tax credits relief’ and I am! As it turns out research and development tax credits are a UK tax incentive designed to encourage companies to invest in R&D. Companies
can reduce their tax bill or claim payable cash credits as a proportion of their R&D expenditure. It doesn’t stop there! Apparently, as if 01 April 2020 the percentage you can claim went up to 13% from it’s original 11%! The while scheme was introduced by the government itself to encourage scientific and technological innovation in the UK. So now that I’m clued up on r&d tax credits relief, I go back to Areande and I see if my business is eligible and start to process a claim, I will be honest I didn’t have much faith and I thought it was going to take a long time but it didn’t! Areande dealt with absolutely everything for me and I couldn’t be more greatful, they kept me updated and it only took a couple of weeks for confirmation of cash payment,
now obviously I’m not going to tell you how much I got but let’s just say I got 33p back for every £1 spent and my claim was only from when I opened my business in 2017! And I am not disappointed with what I got it’s definitely worth it and I would highly recommend using Areande because they do all the hard work for you!