Our experts will quickly answer all your questions & keep you clear of the pitfalls.
With 10+ years of award winning experience behind us - we know how to get you approved & fast.
Having successfully applied multiple times - we make your application process simple.
We know R&D Tax Credits. Our experts will quickly answer all your questions & keep you clear of the pitfalls.
We know exactly how to put together an application and make it very simple for you to follow.
Having done numerous applications - we know exactly what we are doing - so there is no time wasted.
We have carried many successful applications - you know you are in safe hands.
We are so confident that we can get you approved - we have linked part of our payment to your success.
We manage over 25 VC funds & have contacts throughout the investment community - if you need funding then we might be the solution.
1. The Small Medium Enterprise (“SME”) Scheme.
2. The Large Company Scheme.
3. The Research & Development Expenditure Credit (“RDEC”).
To be qualified for the SME Scheme, a company must have less than 500 employees (and have an annual turnover not exceeding 100 million Euros & a balance sheet not exceeding 86 million Euros). Companies are qualified for the Large Company Scheme or the RDEC if they do not qualify for SME Scheme
Although R&D tax credits have been around for quite some time, many entrepreneurs are not aware that they can significantly benefit from them.
It is important for entrepreneurs of start up companies to take advantage of any governmental incentivisation and support that may be available to them as this support directly impacts cash flows as well as shows investors that the business is being operated in an efficient and effective manner.
HMRC offer advance assurance to companies seeking to claim R&D credits. This assists companies with accurately estimating and budgeting for the benefits for three years.
Although it is not necessary to obtain this in order to put in a R&D tax credit claim, it will get the credit processed faster, with less hassle.
This is where we can help you. We are here to ensure that your company is optimising all the available support and claiming back the cash it is potential due. We take the hassle out of preparing and making the claim off your hands.
We check whether you qualify for R&D Tax Credits.
We estimate the potential credit you will receive.
We prepare the HMRC documents.
We make the HMRC application.
We answer all the HMRC questions.
We work with HMRC to get issues resolved.
We obtain your R&D Tax Credit advance assurance.
Download our SEIS guide to find out more about SEIS and all its many tax benefits.
Download our EIS guide to find out more about EIS and all its many tax benefits.
Download our eBook on UK innovation and explore the opportunities in place for start-up company looking to innovate.
To be qualified for the SME Scheme, a company must have less than 500 employees, and also follow one of two conditions:
Companies are qualified for the Large Company Scheme or the RDEC if they do
not qualify for SME Scheme.
According to our research there are
three key findings:
1. Tax credits offer much needed relief, especially to SMEs, who may struggle with
keeping a competitive edge while they grow.
2. R&D Tax Credits reduce the risk of investing in R&D by giving companies incentive,
therefore leading to a stronger competitive edge in the long term.
3. The UK as a whole lags behind the rest of Europe in R&D as a percentage of its total
Very hard question as it depends on the complexity of your business and your application. However, if we had to say, it would typically be six weeks. We have had many Advance Assurance applications come back within days - but on the other hand, some applications can take longer than six weeks.
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Sapphire is a multi-award-winning firm that helps funds and companies grow and scale.