Are You Missing Out on Innovation Tax Relief?

1. Are You Missing Out on Innovation Tax Relief? If your business or project specialises in or around the science and technology fields, you have probably heard of research and development, or R&D, tax relief. Did you know a large percentage of the businesses and companies that qualify don’t know how much they could claim or how to claim it? You may be thinking that the government giving you money to do the ground-breaking work that you have already been doing is too good to be true. It doesn’t have to be. R&D tax relief aims to reward and encourage businesses and projects that provide "an advancement to the collective knowledge of science or technology”. These projects can range from innovations in software development, automation or even just improvements on processes that already exist. If you can point to ways that your project proved an uncertainty, or even that your field’s top professionals couldn’t work out the problem the way you did – you could and should be claiming those resources back. But figuring out how much you can claim back in research and development costs can be more difficult than it sounds. Of course, it’s a government run scheme, so you must apply to HMRC, which can be a nightmare without proper knowledge and guidance. On the surface, the R&D tax relief claim form seems simple enough to fill out – you already have the information on you! There are two aspects to the application; the technical (what was your project and why was it innovative) and the financial (how much did you spend and why). The financial could be anything, from staff costs and technology costs, to equipment and heating bills – you could get up to a third back in tax relief. The technical... well, we’ll leave that up to you. It isn’t always as easy as all that, though. Application are not always cut and dry – there can be some tight boxes to fit into. Not all innovate projects are created equal and it can be hard to prove exactly how yours qualifies without proper support. If you apply for R&D tax relief

2. and your application is not very clear, the government may launch an enquiry and that’s a real waste of your time – when you should be developing your advancement of science and technology! That’s where Areande comes in. Areande is an innovation tax relief company that is dedicated revolutionising the way you apply for R&D tax relief. They are literally innovating innovation tax! That frees you up to innovate in your own field. The only persuasion you should need is that they invented the word Areande to mean innovation tax relief. It’s in the name! Moreover, they will assess your claim before you submit it and their expert consultants guide you through the Areande process. No more agonising over what kind of R&D to apply for, or if you even qualify before putting in all that work. On their website, you can get a rough estimate of how much you could be claiming back, based on how much you spent – and often, it is more than you expect! They then ask you three simple questions and provide you with a contact form to fill out, all of which takes less than 3 minutes.Once done, just sit back and wait to hear from them. This frees up both your time, and possibly your budget to continue your projects, stress-free. It really couldn’t be simpler! So, what are you waiting for? Find out all about how you can claim R&D tax relief, or Areande, from the company that is reinventing it!