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Research and Development (R&D) Tax Relief is a valuable incentive for businesses looking to innovate and grow. At Godfrey Mansell Accountants, we understand the importance of maximizing this relief for our clients in Birmingham, Worcester, Bromsgrove, and nationwide. 
 
As experts in accounting and taxation services, we specialize in helping businesses both small and medum, to navigate the complexities of R&D Tax Relief. Our team of experienced professionals is dedicated to providing personalized and comprehensive advice to ensure that our clients receive the maximum benefit available to them. 
 
R&D Tax Relief is a government initiative designed to encourage innovation by providing tax credits to businesses that invest in projects in science and technology.  
 
Small and medium-sized enterprise (SME) R&D tax relief 
This tax relief allows your company to: 
deduct an extra 86% of your qualifying expenditure from your trading profit for tax purposes, as well as the normal 100% deduction, to make a total of 186% deduction 
claim a payable tax credit if the company has claimed relief and made a loss 
 
The payable tax credit is worth up to: 
10% of the surrenderable loss 
14.5% of the surrenderable loss if the company meets the intensity condition 
 
If your business is engaged in developing new products, processes, or services, you may be eligible for R&D Tax Relief. Our team will work closely with you to identify qualifying activities and ensure that your claim is prepared and submitted in accordance with HMRC guidelines. 
 
By claiming R&D Tax Relief, businesses can benefit from a reduction in their Corporation tax bill or receive a cash payment from HMRC. This can provide a valuable source of funding to further invest in research and development activities, driving innovation and growth within the business. 
 
At Godfrey Mansell Accountants, we take a proactive approach to R&D Tax Relief, ensuring that our clients fully leverage this opportunity to support their strategic objectives. Our in-depth knowledge of the legislation and our strong relationships with HMRC enable us to deliver a seamless and efficient service, tailored to the specific needs of each individual client. 
 
In addition to helping our clients claim R&D Tax Relief, we also provide comprehensive tax advisory services to help businesses optimize their tax position and ensure compliance with HMRC regulations. Our focus on delivering practical and cost-effective solutions has earned us a reputation as trusted profesional advisors to businesses in Birmingham, Worcester, Bromsgrove, and beyond. 
 
Whether you are a start-up looking to accelerate growth or an established company seeking to enhance your competitive advantage, Godfrey Mansell Accountants is here to support you every step of the way. Contact us today to learn more about how we can help you maximize your R&D Tax Relief and achieve your business goals. 
 
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