Future Tech is a UK-based AI and ML startup that invests heavily in R&D but was previously unaware of R&D tax credits. They sought professional advice and received £88,000 in tax relief. The aims of R&D tax credits are to incentivize businesses, especially startups and SMEs, to invest in UK innovation by providing tax relief on R&D costs and encouraging technological advancement. Future Tech leveraged support for previously unrecognized innovative projects, delivering immediate financial benefits and instituting robust record-keeping for future claims.

1. R & D ALLOWANCES
CASE STUDY
OUR CLIENT: FUTURE TECH
OUR CLIENT IS A UK BASED TECH STARTUP, SPECIALISING IN AI AND ML.
THEIR COMMITMENT TO R&D PROPELS THEIR INNOVATIVE STREAK.
HOWEVER, THEY LACK KNOWLEDGE OF R&D TAX CREDITS, AND ARE NOW
SEEKING PROFESSIONAL ADVICE TO ACCESS THESE CREDITS, REDUCING
INVESTMENT COSTS, AND FURTHER FOSTERING THEIR PIONEERING
APPROACH TO TECHNOLOGY DEVELOPMENT.
FUTURE TECH RECEIVED A £88,000 TAX RELIEF!

2. R & D ALLOWANCES
CASE STUDY
1. CONFIRM ELIGIBILITY: VERIFY EMERALD
ESTATES’ ELIGIBILITY FOR ECA.
2. ISOLATE COSTS: IDENTIFY HIDDEN ASSETS
AND ISOLATE FROM BUILDING COSTS.
3. SUBMIT CLAIM: PREPARE AND SUBMIT CLAIM
PAPERWORK TO HMRC.
4. REALISE BENEFITS: SECURE TAX
SAVINGS, AND ENHANCE EFFICIENCY.
THE PROCESS:
FUTURE TECH RECEIVED A £88,000 TAX RELIEF!

3. R & D ALLOWANCES
CASE STUDY
FUTURE TECH RECEIVED A £88,000 TAX RELIEF!
THE AIMS OF R&D:
THE PRIMARY AIM OF R&D TAX CREDITS IS TO
INCENTIVISE BUSINESSES, PARTICULARLY SMES AND
STARTUPS, TO INVEST IN INNOVATION WITHIN THE UK.
BY PROVIDING TAX RELIEF ON R&D COSTS, THE SCHEME
ENCOURAGES TECHNOLOGICAL ADVANCEMENT AND
PROBLEM-SOLVING EFFORTS, DRIVING ECONOMIC
GROWTH.
IT EASES THE FINANCIAL BURDEN OF CONDUCTING R&D,
ENABLING BUSINESSES TO TAKE RISKS, PIONEER NEW
SOLUTIONS, AND MAINTAIN THEIR COMPETITIVE EDGE.

4. R & D ALLOWANCES
CASE STUDY
FUTURE TECH RECEIVED A £88,000 TAX RELIEF!
THE OUTCOME:
FUTURETECH INNOVATIONS LEVERAGED R&D TAX CREDITS
SUPPORT FOR PREVIOUSLY UNRECOGNISED INNOVATIVE
PROJECTS.
THE DETAILED EXAMINATION OF THESE PROJECTS LED TO
SUBSTANTIAL COST SAVINGS. THIS PROCESS NOT ONLY
DELIVERED IMMEDIATE FINANCIAL BENEFITS BUT ALSO
INSTITUTED ROBUST RECORD-KEEPING FOR FUTURE R&D TAX
CREDIT CLAIMS.
NOW, FUTURETECH IS WELL-PREPARED FOR POTENTIAL HMRC
COMPLIANCE CHECKS OR AUDITS, DECREASING RISK AND
ENSURING FINANCIAL COMPLIANCE.