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If your accountants said they could turn a looming Corporation Tax liability of £11.5K into a refund of £8.5k you would be extremely pleased, and possibly a little sceptical. But that is exactly what accountants Harris & Company have done, using the Government’s Research & Development Tax Credits scheme.

‘In the last few years we have claimed back a total of approximately £460K for around 15 companies’ says Angela Peden of Harris & Company. ‘We are a relatively small company, but we think we are one of the market leaders in this field. One company had been told they couldn’t claim by one of the top ten UK accountancy firms. We disagreed, and got them £90k!’

The government is trying to encourage UK companies to spend time and money developing new products. If you spend £1 on an area of uncertainty, the government will give up to 24p back. And you don’t have to go to Mars or split the atom. If you’ve filed a patent and had it approved – by definition you have qualified.

‘We encourage the R&D people to talk about failures as well as successes’ she adds. ‘Tax Credits will pay for things that increase our knowledge base. A round wheel painted pink is not genuinely new, but if you invented a square wheel, and then binned it, that may qualify.’

‘We work on a no-win no-fee basis but we’ve never not been paid! With two years’ experience in R&D tax claims we’ve had a 100% success rate.’

Case studies
AV Ltd had been told they did not qualify for the credits, but had patent applications pending for 5 elements of their inventions. Harris & Company took their Corporation Tax bill from £11.5k to a refund of £8.5k. The work took approximately one month and the refund came six weeks later.

Print Quality Ltd had so many R&D projects their claim was backdated for three years. A total refund of £90K arrived within three months of their first meeting with Harris & Company.

‘I must admit that I was very sceptical about these tax credits but the proof is in the cheque’ was a client’s pleased comment. Harris & Company have proved that you don’t have to be a rocket scientist to get financial reward from the government. Inventiveness and technical creativity on a small scale are enough for your efforts to be recognised in terms of hard cash.’ (ends)

Fact file:

Harris & Company, Chartered Accountants
Audley House, Northbridge Road
Berkhamsted, Herts HP4 1EH
tel 01442 872878
fax 01442 872417
email: mail@harris-and-co.co.uk

Catharine Harris FCA
Angela Peden BSc(Eng) FCA
Peter Harris FCA ASFA


For further information:

Gill Kirk
Cameo Communications
tel 01442 878588
mobile 07876 501700
gill@cameo-communications.com

This press release was distributed by ResponseSource Press Release Wire on behalf of Cameo Communications in the following categories: Consumer Technology, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.