R and D Tax Credits Calculator

by Nick Bonnaud

R and D Tax Credits Calculator

Use our free R and D Tax Credits Calculator below to see what you're entitled to

Our free R and D tax credits calculator (R&D tax credits calculator) will allow you to calculate your potential claim value by answering two simple questions.

You’ve probably discovered R&D tax credits and are eager to learn how valuable this government incentive might be for your company.

While the R and D tax credits calculator (R&D tax credits calculator) below is useful in highlighting potential benefits R&D tax incentives could bring to your company, it cannot replace proper advice. It can also over or underestimate your claim so you just need to be aware of this.

Call us on 0121 235 0315 to talk to our R&D tax credit specialists for a free ‘no-obligation’ assessment to see exactly what you are entitled to.

How to calculate R&D Tax Relief for SME's

Calculating R&D relief for an SME is dependent on your business’s profit or loss status.

Profit-Making – Research and development tax credits can reduce your Corporation Tax bill for profit-making companies. The 25% rate of relief means that if your R&D expenditure was £100,000., you may be eligible for a £25,000 tax bill reduction.

Loss-Making – You will receive your R&D credit in cash. This is because you don’t have any tax liabilities to offset. You can get relief up to 33%. For example, if your R&D expenditure was £100,000.00, you may be eligible for a cash credit of £33,000.

How to calculate R&D required for RDEC

RDEC (Research and Development Expenditure Credit) is primarily intended for large businesses. However, the incentive is available to SMEs that cannot use the SME R&D credit in certain instances.

Your RDEC claim will be paid as a taxable credit equal to 13% of the identified R&D expenses. This is taxable and results in an 11% cash benefit after tax.

These costs can be deducted from your tax bill, or you may receive the cash amount if no tax is due. For example, if your R&D expenditure was £100,000., you may be eligible for an £11,000 tax credit or reduction.

Calculator for R&D tax credit

Our R and D tax credits calculator (R&D tax credits calculator) can help you estimate the value of R&D credits for your company. This information is based on the R&D credit rates as of January 2018.

R and D Tax Credit calculator limitations

Our R and D tax credits calculator (R&D tax credits calculator) can be used by businesses to help them decide if R&D tax incentives will be worth their time (Heads Up: It is!). Our R and D tax credits calculator (R&D tax credits calculator) is not meant to replace professional, expert advice.

Call us on 0121 235 0315 to talk to our R&D tax credit specialists for a free ‘no-obligation’ assessment to see exactly what you are entitled to.

Our R and D tax credits calculator (R&D tax credits calculator) is only half of the story. The way you identify qualifying costs will determine your exact return. Quest will help you uncover all qualifying costs. This will maximise your return and ensure that your final benefit is accurate.

After gathering detailed information about your company, an R&D tax credit specialist will give you a more accurate estimate of the potential claim. This might include some or all of the following:

– Information about your ownership structure and whether you’re part of a group or not.

– Your company’s profit and loss statement or company accounts.

– A complete list of all projects with full cost details.

– If applicable, documentation of your grant funding.

Are you already claiming?

Call us on 0121 235 0315 to talk to our R&D tax credit specialists for a free ‘no-obligation’ assessment to see exactly what you are entitled to.

Never claimed before?

Call us on 0121 235 0315 to talk to our R&D tax credit specialists for a free ‘no-obligation’ assessment to see exactly what you are entitled to.

We can help you get MORE R&D Tax Credits

We are aware that many businesses that claim R&D tax credits do not get as much as they should. We have been able to double the estimated claim value of some happy clients. Your choice of R and D Tax Credits advisers is what will make the difference between a great claim and an average one.

And we don’t do average. Call us on 0121 235 0315 to talk to our R&D tax credit specialists for a free ‘no-obligation’ assessment to see exactly what you are entitled to.

Quest’s team of R&D Tax Credits specialists manages a large volume of R&D tax credit claims, but every single claim gets our full attention.

Their combined experience and unique skillset will ensure that you have a strong R&D tax credit claim that can withstand full HMRC scrutiny.

Our professional tax advisors will help you identify and accurately apportion qualifying costs. Our sector specialists also assist in identifying qualifying R&D projects and quality assurance experts manage any risk in your claim. They work together with you to ensure your claim is fully maximised.

The free R and D tax credits calculator (R&D tax credits calculator) is only half of the story. The way you identify qualifying costs will determine your exact return. Quest are R and D Tax Credits specialists who will help you uncover ALL qualifying costs. This means your return is maximised and your final benefit is totally accurate.

Call us on 0121 235 0315 to talk to our R&D tax credit specialists for a free ‘no-obligation’ assessment to see exactly what you are entitled to.

If you like this post: R and D tax credits calculator, then be sure to check out more like this on our Blog: 10 Top Accounting Tips For Startups, Pros and Cons of Paying Your Tax Early, 7 Bookkeeping Mistakes To Avoid, Best Birmingham Chartered Management Accountants, Sole Trader Accountants In Birmingham.

Call trusted Birmingham accountants Quest on 0121 235 0315 for free tax and business advice. Lets have a chat about how we can help you pay less tax and grow your business 🙂

If you want to discover how we can help your business, Quest also offers the following services: VAT, Payroll, Business Tax, Tax Services, New Business, Self Assessment, R&D Tax Credits, Tax Deadlines and Annual/Management Accounts.

R and D Tax Credits Calculator