Maximize Savings by Combining Your Corporation Tax Return and R&D Tax Credits

06 November 2024

As a business owner, you want to make the most of every pound, especially when it comes to taxes and credits that impact your bottom line. At Evans Entwistle, we offer a streamlined solution to help you save time, maximize financial benefits, and reduce tax-related stress by combining your Corporation Tax Return and R&D Tax Credits. By handling both services in tandem, we can ensure that you capture the full financial benefits available to you. Here’s how working with Evans Entwistle for both services delivers unique cost advantages.

Holistic Tax Planning

When Corporation Tax Returns and R&D tax credits are handled by separate advisors, key tax-saving opportunities can sometimes go unnoticed. By working with Evans Entwistle for both services, you’ll benefit from a holistic view of your tax profile. Our team’s in-depth knowledge of both Corporation Tax regulations and R&D tax incentives means we identify potential areas for savings that are often overlooked. We help ensure that R&D tax credits are applied effectively within your Corporation Tax strategy, maximizing the impact on your tax liability.

Reduced Administrative Overheads

Preparing a Corporation Tax Return and an R&D claim involves gathering and analyzing much of the same financial data, which can be repetitive if done separately. Our unified approach allows us to streamline these processes, saving time and effort on data collection, analysis, and submission. This efficient handling results in fewer hours billed, making it a more cost-effective solution for you.

Accurate R&D Claims and Compliance

At Evans Entwistle, we understand the strict criteria HMRC uses to evaluate R&D claims and can align your R&D claim with your Corporation Tax Return to minimize scrutiny. We ensure that eligible expenses claimed as R&D costs are precisely accounted for in your corporation tax calculation, helping you avoid common pitfalls like double counting or misclassification. This accuracy not only enhances your R&D claim’s effectiveness but also protects your business from costly compliance issues.

Faster Turnaround on Refunds

When R&D tax credits are applied to your Corporation Tax liability, you could receive your tax refund or relief more quickly. Our approach to combining these services ensures that all relevant data reaches HMRC at the same time, speeding up the review process and leading to faster access to your cash benefits. Timely refunds can improve cash flow, which can be especially beneficial for R&D-focused businesses that need capital to reinvest in innovation.

Strategic Advice on R&D Investment

Our knowledge extends beyond tax compliance – we understand how R&D activities drive value for your business. By having an integrated view of your Corporation Tax Return and R&D tax credits, we can offer strategic insights on how to structure your R&D investments for maximum impact. Whether it’s advice on eligible projects, optimizing R&D spend, or future-proofing your business with tax-efficient practices, we help your business grow more efficiently by leveraging available incentives.

Simplified Communication and Transparent Fees

Working with one provider for both Corporation Tax and R&D credits means fewer points of contact, which translates into easier communication, fewer meetings, and less back-and-forth. At Evans Entwistle, we offer transparent fees for our bundled services, so you’ll have a clear picture of your costs upfront and won’t have to worry about managing separate billing structures for these interconnected tax services.

Peace of Mind from Experts You Trust

Evans Entwistle has years of experience working with UK businesses on Corporation Tax and R&D credits. Our qualified tax experts understand the nuances of these regulations and stay up to date on any changes to help you maximize your savings each year. With our team overseeing both your Corporation Tax Return and R&D claim, you can be confident you’re making the most of available tax reliefs while keeping your business fully compliant.

Start Saving on Taxes with Evans Entwistle

If your business engages in any innovative activities, combining your Corporation Tax Return and R&D Tax Credits can deliver significant cost and efficiency benefits. Let Evans Entwistle show you the advantages of a unified approach to tax management. Contact us today to discuss how our services can be tailored to meet the unique needs of your business – and help you keep more of what you earn.