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R&D tax credits small businesses

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R&D Tax credits for small businesses

What is SME R&D tax relief?

With the SME scheme you can claim tax relief up to 33% on your qualifying R&D expenditure. You are classed as a small or medium sized enterprise (SME): for the purposes of R&D tax incentives if you employ less than 500 employees and have either an annual turnover under €100 million or a balance sheet under €86 million.

Do you think you could be eligible?

Ask yourself:

  • Do you design and make new products?

  • Do you seek to improve processes, services, materials or devices?

  • Do you make prototypes or perform testing?

  • Do you develop software or IT solutions?

  • Have you invested in failed projects or developed products that are never launched?

  • Do you employ any staff with a technical or scientific background?

Read more about eligibility here >

Or download our R&D brochure here >

r&d tax credits for sme's

How Purple Accounts can help you claim an SME R&D tax credit

It takes an experienced eye to identify the full potential of your claim.  You'll be referred to an expert who will get to know your business so that they can identify what you do to develop and innovate your products or services.

It is then a question of preparing the claim. We know what HMRC is looking for, so we can ensure your claim is maximised and robust – which gives you the best chance of having your claim approved.

We manage your claim from start to finish in conjunction with GovGrant – scoping, registering the claim, handling queries from HMRC, and handling the accounting treatment.  We work with you to make the claims process as seamless as possible – simply put, we will do the work and you will get the benefit.

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increase r&d tax credit

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And even if you’ve made a claim already...

We maximise claims through an expert led, detailed assessment of your activities. There is usually a very good chance we will improve them.

On average, we have increased existing claims by 200%, because we know how to find the full potential of your claim.

 

Find out more about how we could help you increase your claim.

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