Welcome to Old Mill’s Research and Development (R&D) service, where innovation meets tax savings. Our team of experts is here to help you unlock the potential of R&D tax credits and incentives, ensuring that your business thrives in the ever-evolving landscape of technology and innovation.
At Old Mill, we understand the critical role that R&D plays in driving growth and competitiveness. That’s why our dedicated R&D specialists stay up-to-date with the latest legislation and industry trends to provide you with comprehensive and strategic advice. Whether you’re a start-up or an established business, we have the knowledge and expertise to help you maximize your R&D tax relief.
Our R&D service starts with a thorough assessment of your projects and activities to determine their eligibility for tax relief. We work closely with you to identify qualifying R&D expenditure, including staff costs, consumables, and subcontractor expenses. Our goal is to ensure that you claim every pound you are entitled to while remaining fully compliant with HMRC guidelines.
At Old Mill, we go beyond traditional tax planning. We believe in the power of innovation and creativity to drive business success. Our experienced team will help you develop a robust R&D tax strategy, providing valuable insights and guidance to optimise your claim and maximise your tax savings.
With Old Mill’s R&D service, you can focus on what you do best—innovating and growing your business—while we handle the complex tax aspects. Our dedicated team will prepare and submit your R&D tax claim, ensuring accuracy and efficiency throughout the process. We’ll also support you in any HMRC inquiries or audits, providing peace of mind and expert representation.
Join the many businesses that have already benefited from Old Mill’s R&D service. Let us help you turn your innovative ideas into valuable tax savings. Contact us today to schedule a consultation and discover how our R&D expertise can take your business to the next level.
Sectors
The tax team at Old Mill specialises in helping South West forward-thinking businesses across all sectors to grow to the next level.
Whether you’re a pioneering manufacturer, a farmer working on processes to extend product shelf life, or an entrepreneur developing cutting-edge digital communication channels, your R&D expenditure may qualify for the scheme and, if it does, the rewards can be substantial.
Businesses across the South West are among some of the most progressive and forward thinking in the UK, yet many may be missing out on tax incentives by being either unaware of the scheme, or assuming that their research work will not qualify.
How can we help?
The R&D tax credit scheme rewards companies that invest in developing new products, processes or services, or enhancing existing ones by offering tax relief on a range of revenue expenditure (including employee costs and materials).
We can explore whether you are eligible to make an R&D claim and then advise and support you through the claim process by liaising with HMRC on your behalf.
If your business and the project meet the criteria you could qualify for 230% tax relief on your R&D costs, which means that for every £100 spent your company could reduce its taxable profits by an additional £130, saving Corporation Tax at a rate of £25 for every £100 spent.
To chat to us about your plans, get in touch with us or make an appointment with one of our tax experts at one of our offices in Exeter, Wells, Chippenham and Yeovil.
