Research and Development Tax Specialists

An area where a considerable number of companies are missing out is Research and Development (‘R & D’). There are potentially significant tax savings available if R&D expenditure is identified and appropriate claims made to HM Revenue & Customs. In many cases, an additional uplift on taxallowable R & D expenditure of 125% (130% from 1 April 2015) can be claimed. R&D is not just confined to the laboratory and men in white coats; on the contrary, working with you, you will find that R&D occurs as part of the work you already perform on a day to day basis. Zak Parnetship are R and D Tax Specialists.

We can submit claims for local companies saving corporation tax and can also produce back dated claims in order to generate cash repayments. We can secure cash refunds in the region of £50-200k per annum.

Why has my accountant not mentioned this before? This relief is not automatically given by HM Revenue & Customs and a report is required in order to gain the relief. As such many accountants have stayed clear of this significant relief due to lack of expertise in this field.

What costs qualify?

  • Staff costs
  • Consumables
  • Subcontractor payments
  • Overheads

Example R&D Sectors

  • Manufacturing
  • Architecture
  • Engineering and Electronics
  • Injection Moulding
  • Software
  • Offshore
  • Life Sciences

Expertise & Experience

We have experienced r and d tax specialists who in the last 12 months alone have successfully claimed substantial tax deductions for our clients.

WHAT OUR CLIENTS SAY

“It was the year 1979 little did we know then , how important is the role of the financial controller. In 1991 our co director died suddenly….his name was Ramon, He was like a brother to me. Our challenge was the company accounts and the financial control , which Ramon being accountancy trained did so well and professionally. Zak became our Rock when Ramon died, and we were comforted. Knowing the business as Zak did, we continued doing what we do best , working in the business And knowing the financial statements and cash at bank was being handled by Zak we continued to grow.

Thank you Zak, for always being there for us, and stepping in and helping us through those very difficult emotional and financial times, without you we would not be as successful as we are today. You are there for us 24/7 And the pride you deliver with your financial control which is exceptional and is beyond just doing the numbers. You are very special to us”
Joe Mastroianni, Director, The Kingston Riding School

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