Research and development claims
Many accountants in Sunderland Tyne & Wear do not handle research and development claims. It is important for expanding businesses that any potential research and development claims are made against HM Revenue & Customs when technological advances are being made by the company.
The amount of research and development credit which can be claimed can often lead to a tax refund being obtained even when the business is making a loss. The area of research and development is very complex and can be discussed in full.