Estate Agents
The UK property market is an ever growing sector which can benefit from R&D. The innovation and technological advancement required to grow within the industry is directly linked to research and development. The creation of new and improved process models, and the increase in the efficiency of current systems are both vital to increase a companies capabilities.
Any challenges that face uncertainty could qualify for the governments R&D incentive. The use of smart technology and the automation of many processes are all geared towards increasing productivity and efficiency, and many are eligible for R&D tax relief.
Any challenges that face uncertainty could qualify for the governments R&D incentive. The use of smart technology and the automation of many processes are all geared towards increasing productivity and efficiency, and many are eligible for R&D tax relief.
Specific areas of eligibility
The development, testing and trialing of new in house software, systems and processes to streamline the end to end process of purchasing and sale of property throughout the UK.
Digital innovation to enhance the methodology of advertising and marketing of properties, creating platforms for a more robust sales process.
Modifying existing processes to comply with the ever changing regulations and rules of the UK housing market.
The use of new and innovative processes to facilitate the large exchange of information between multiple stakeholders in a large chain of contributors.
The development and use of
environmentally friendly advertising materials for the production of sales packs, advertising boards and materials used in mass distribution to achieve a “greener” solution and reduction in paper.
Our experts will forensically examine your entire company to discover the areas of R&D within it.
We will get a feel for your business as
an entirety and fully understand the complexities of its day to day running as well as the major projects that are on the go.
Their expertise allows them to uncover many qualifying costs that may have been overlooked by accountants.
FAQs
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R&D Tax Scheme ExplainedTo qualify for R&D tax relief, the company must account for Corporation Tax, but the relief is available to both profit and loss-making businesses.
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Does my business qualify?If you can answer ‘Yes’ to most of these questions then, based on our experience across thousands of clients, it looks like you could have a successful claim: Have you developed new tools, products or services using technology? Have you tried to improve your existing products through technical changes? Have you had to resolve technical problems with any of your products? Have you found more efficient ways to produce your products or services? Have you experimented with new equipment or production techniques? At the start of a project, did you ever think ‘I’m not sure of the best way to do this’? Have any of your projects failed for technical reasons?
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What is claimable within my business?Staff costs, materials, utilities, reimbursed travel costs, light & heat, and subcontractor costs are most common & are the main areas in which you can claim from.
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How does the R&D Relief Scheme work?Companies that invest in developing new products, processes, or services, as well as improving existing ones, qualify for R&D tax relief. If you spend money on innovation, you can claim an R&D tax credit to receive a cash payment and/or a Corporation Tax reduction. The potential for identifying R&D is vast and it exists in every industry. In addition, if you are claiming for the first time and have been trading for over two years this will allow you to claim for two previous Tax years.
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What are the benefits?The benefits of the programme include increased cash flow, which is especially important to small, developing companies. It also encourages development of a corporate philosophy that embraces innovation and improvement.
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Any additional cost?We charge no up-front costs, and should we fail to identify a claim then we will not charge you a fee at all. In other words, we operate on a ‘No Win, No Fee’ basis.
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What are R&D Tax Credits?Tax credits for research and development (R&D) are a government tax incentive put in place to reward UK businesses for investing in innovation & research and development. They are a useful source of capital for businesses to invest in advancing R&D, hiring new employees, and subsequently allowing businesses to expand.
