R&D tax  relief

R&D(Research and Development) tax relief: The research and development (R&D) relief is a tax preference that allows companies to deduct costs incurred for research and development activities from the tax base. The purpose of the relief is to encourage innovation and technological development of companies. The R&D relief is available to companies in a variety of industries that carry out research and development, including IT companies, startups and large corporations.

Advantages of the R&D relief:

  • Reduction of tax liabilities: Eligible costs can be deducted from the tax base, leading to a significant reduction in tax liabilities.
  • Increased investment in innovation: Thanks to the relief, companies are more inclined to invest in R&D, which encourages the development of new products and technologies.
  • Increased competitiveness: Companies benefiting from the R&D relief can increase their competitiveness in the market through innovations that result from ongoing R&D.
  • Incentive for investors: The R&D relief can attract investors who are interested in funding innovative projects with potential for future growth.
  • Long-term financial benefits: Investing in R&D can bring long-term financial benefits to companies, such as new revenue streams and technological leadership.

Risks of R&D relief:

  • Comprehensive documentation: In order to benefit from the R&D relief, companies must keep detailed records of all eligible costs and document the R&D carried out.
  • Risk of tax audit: Companies benefiting from the relief may be more exposed to tax audits to verify the accuracy of deductions, which requires thorough preparation and compliance.
  • Regulatory complexity: The R&D relief rules can be complex and interpreted differently, which carries the risk of errors in tax returns.

Specific accounting aspects:

  • Identification of eligible costs: We help companies identify and classify R&D-related costs to maximise the available tax relief.
  • Documentation: We provide support in preparing the required documentation to comply with all legal requirements and minimise the risk of tax audits.
  • Tax optimisation: We advise on tax optimisation strategies so that companies can reduce their tax liabilities and increase their funds for innovation.

Our strengths:

Experience: We have many years of experience working with companies engaged in research and development activities, which allows us to effectively support our clients in taking advantage of the R&D tax credit.

Knowledge of regulations: Our team is up to date with current regulations and interpretations regarding the R&D relief, which guarantees professional advice and minimises the risk of errors.

Multilingual team: We offer support in English, Russian and Ukrainian, which is particularly important for those working with foreign clients.

Personalised approach: We provide each client with an individual approach, tailored to their specific needs and requirements, allowing them to make the most of the tax benefits available.

With our support, companies can focus on innovation and growth, confident that their finances are managed professionally and in accordance with the law. Our comprehensive accounting and advisory services provide full support in taking advantage of R&D relief, enabling companies to succeed in a competitive market.