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The process of applying for any of these incentives is manual and can be time consuming,<br>but that isnu2019t the case with the help of an HMRC tax specialist. It is also possible that your<br>company will be eligible for schemes that you are not aware of. In short, it is something<br>every innovative company should be aware of.<br>
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5 Ways an Areande Claim Can Help Your Business It’s fair to say that not enough companies apply for Areande, as only 1% of eligible businesses actually reap the benefits of research and development tax relief – or any of the other schemes with which the government has incentivised innovation. The process of applying for any of these incentives is manual and can be time consuming, but that isn’t the case with the help of an HMRC tax specialist. It is also possible that your company will be eligible for schemes that you are not aware of. In short, it is something every innovative company should be aware of. Capital Allowance Claims Through a Capital Allowance claim, companies can claim tax relief on certain resources used in their research and development. From equipment and machinery to company vehicles – as long as it is owned outright, it can be claimed against. Companies can also claim for daily running costs, finance for buying assets or items that it is your business to buy and sell. Allowance Claims for Innovation Under the Research and Development Allowances scheme, a company is covered for their expenditure on innovative work or on the facilities needed to do that work. The scheme rewards innovators in all sectors, as all companies innovating in their field can claim capital expenditure on 100% of their qualifying outlay. Capital Allowance Property Claims Much the same as with research and development, Capital Allowance claims can also cover business buildings that were built, bought or rented on or after 29th October 2018. Buildings used for business purposes can be claimed for in all sectors, as can construction fees for property design, converting a property for business use, the cost of an unused building and even installing new shelving, so it is likely your company has a valid claim. Research and Development Tax Relief
Any company, working in science or technology, could be eligible for research and development tax relief. This can be claimed as long as they are quantifiably seeking to progress their field. Claims can even be made on projects that don’t meet their intended outcome. There are different types of relief available to companies of different sizes, with small and medium sized enterprises (SME) able to claim an additional 130% of qualifying costs from their yearly profit, or a tax credit of 14.5% of surrenderable loss if they are loss making. Large companies can claim a Research and Development Expenditure Credit (RDEC) of 13% on their eligible research and development investment. This also applies to companies of any size that are sub-contracted for research and development work by a large company. Save Time and Money with Areande An Areande claim is a simple and easy way to utilise the government incentives for innovative companies and reap the benefits without detracting attention from ongoing projects. Our team of HMRC tax specialist will manage your claim for you, and ascertain exactly what your company is entitled to, using our first-of-its-kind digital portal to make it a clear and concise process. With our HMRC tax specialists and our streamlined process, the effortless process uses technology to claim back as much as possible whilst negating the lengthy and manual process. Experts in innovation, Areande enable their partners to increase revenue with the facility to refer their clients for their own Areande claims.