Why are construction companies missing out on R&D?
Four reasons construction companies are missing out on R&D
R&D tax credits in the construction industry
Attention to the demands of our clients lie at the heart of our research and development (R&D) tax credit work with the construction industry.
We have partnered with leading construction industry advisers to provide a simple and effective way to claim for this often ignored, but highly valuable, tax relief.
Research and development within the construction industry continues at a staggering pace. During our extensive market research we discovered that one of the best tax reliefs available to constructors, R&D tax credits, was historically under-claimed with nearly a quarter of firms never having heard of it. In addition, our recent analysis of government statistics showed that only 0.2% of the 290,000 successful claims were made by the construction industry.
R&D tax credits are government backed but, whether by complexity, length of time or the requirements to claim, are largely ignored by the construction industry. In addition to our services, we have developed an R&D calculator that can provide most construction businesses with a quick estimation of their potential gains and an indication of what they’re missing out on.
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