How we claimed £38,000 of R&D tax credits for a Hackney tech startup
Client G is the founder of a small Hackney-based tech Ltd company developing a SaaS platform with genuine technical innovation in real-time data processing. The company had been trading for two years, had four employees plus the founder, and was loss-making while building the platform. The founder hadn't considered R&D tax credits, assuming they were for big pharma or hardware companies.
We reviewed the technical work being done and confirmed it qualified as R&D for tax purposes: the company was seeking to advance knowledge in software architecture through resolving technical uncertainties that competent professionals couldn't readily resolve. We compiled the qualifying costs across the two open years (staff time on R&D activities, employer NIC and pension contributions on that staff cost, externally provided workers, software licences directly used in R&D), prepared the technical narrative explaining the advance and the uncertainties, and submitted the R&D claim as part of the Corporation Tax return.