As the world of technology grows, the dependency on software increases.
Today, it is very difficult to picture a successful business without software engineering and to do so, developers are required to create multifunctional technology that enables growth and integration. The R&D scheme allows hard work to be noticed by identifying the endeavours to overcome technical uncertainties faced when developing software.
The software industry is known to be growing twice as fast, with software designers and developers constantly demonstrating their efforts to create and implement new software, or further develop existing software.
Individuals within the software industry often classify themselves as unqualifiable due to the nature of their work as developers, however, further enhancing an individual’s knowledge using constant efforts to overcome constraints and challenges is considered to be the main reason why HMRC reward such individuals for their work.
The novel and appreciable enhancements to:
The annual amount claimed in Software Development is currently estimated at £385 million, within an estimate of only 10% of UK firms within the industry claiming.
An average SME operating within the sector can claim in excess of £50,000, with its large companies claiming for over £350,000.
It was a pleasure working with the guys at Bonham & Brook, especially considering that, with the wealth of knowledge backed up with the expertise of an ex HMRC officer, we had confidence going ahead with a claim for the first time. After successfully receiving a substantial refund, we would not hesitate doing another claim and, it goes without saying, Bonham & Brook will be our preferred partners going forward. Thank you, again.
We worked with the team at Bonham & Brook on the R&D claim that we were unaware of. To our surprise they made the whole process seamless and we received our refund from HMRC. We will definitely be using B&B again for our R&D claim to help us grow our business.
At first I believed that R&D tax credits were a little too good to be true or that my company would not be applicable. Jenson, Hannad and the team's expertise and experience reassured and guided me through the process. I had to put in approx. 1 - 2 hours work and they did the rest of the application. The first time we worked together they were able to claim for the previous 2 years, so we received a bumper double rebate. This money has helped us grow the business by having the cash to grow the team and increase our marketing budget. My business has grown thanks to their work, so I am eternally grateful.
Managing & Creative Director
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