Harinder Sandhu, founder and CEO at EmpowerRD – a Forward Partners portfolio company – gives five pieces of R&D claim advice for small businesses ahead of the tax year end for many companies.
Many innovative startups and SMEs are under the impression that claiming for research and development tax credits are too difficult or costly to be worth the rewards. In fact, the average R&D tax claim for London SMEs is £81,000, so it’s always worth finding out if you can claim.
EmpowerRD, backed by Forward Partners, has been disrupting the R&D tax credit space since their launch last year. Their combination of technology and expertise is helping users submit R&D claims at a fraction of the price charged by the established advisory community. They have been immensely pleased with the uptake since their soft launch and have worked with companies across all sectors. With a 100% success rate, responses have been phenomenally positive: ‘EmpowerRD made it quick, straightforward and cost-effective’, demonstrating the value entrepreneurs felt was being lost in using traditional channels....