How a 3D sensor technology company benefited from our R&D tax relief claim services

How a 3D sensor technology benefited from our R&D tax relief claim services

“Hawsons provided a very professional and expert service to us in making successful claims for R&D tax credits.  We were very impressed and have no hesitation in highly recommending them”. 

Background

The company started trading in 2014 with the aim of developing 3D sensor technology for use in a number of areas to include robotics, medicine, and aviation.

Shortly after the company commenced trading the directors of the company met with us to discuss the nature of developments being undertaken and the advances sought.

How we helped

We took the time to understand that the nature of the developments being undertaken and the future aims of the company. We advised the company that the projects being undertaken would qualify for R&D tax relief and we explained to the company how and why the projects met the eligibility criteria for the relief.

We advised the company about the nature of the relief and what expenditure qualified for the relief. As the company was in its early stages this was extremely useful as it enabled the accounting systems to be designed to capture the financial data required for the R&D tax relief claims.

Following the completion of the company’ first accounting period we prepared the R&D claim for the company and ensured that all qualifying expenditure was included so that the claim was maximized. We then included the claim in the company’s corporation tax return and submitted this to HMRC with the relevant disclosures.

Outcome

We have now been acting for the company for 6 years and have submitted a number of successful claims to HMRC.

This has resulted in the company receiving R&D tax credits which it has invested in developing its sensor technology.

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