How we secured a Shoreditch tech startup an £31,000 R&D tax credit
Client R co-founded a Shoreditch SaaS startup developing a machine-learning platform. They were pre-profit, burning through investment, and hadn't realised their genuine technical development work qualified for R&D tax relief, the previous accountant did basic compliance only and never raised it.
We assessed their development work against the R&D definition (seeking an advance in computer science by resolving genuine technical uncertainty, which their ML model development clearly involved). We identified the qualifying costs (developer salaries, employer NIC and pension, a proportion of cloud computing and software, and subcontracted development), prepared the technical narrative and cost breakdown, and submitted the claim. As a loss-making R&D-intensive SME they qualified for the enhanced cash credit rather than just a tax reduction.