We are a team of technical experts in helping small and medium businesses access their Government tax incentives. We have assisted over 250 companies to access Government grants and incentives.
We start by providing free consultation to understand the business of our client and present potential areas available.
Our simple steps below outline the way we work:
Successfully work with you in sourcing and accessing an applicable incentive
Strategically advise on company and project structuring in preparation for future landscape
Your trusted and relied upon Innovation Incentives Partner, on your side so that you will never miss an opportunity again
5 Simple Steps
R&D Tax Relief
R&DTR provides tax relief of up to 26% of the eligible expenditure for tax paying SMEs and a cash payment of up to 33.3% of the eligible expenditure for loss making SMEs
The Patent Box allows companies to apply a 10% rate of corporation tax to profits attributable to qualifying patents
Video Game Tax Relief
Video Game Tax Relief currently may provide a net benefit of 16% for tax payers or a payable tax credit with a net benefit of 20% for loss making games
R&D Expenditure Credits
RDEC is a payable 12% credit on the eligible R&D expenditure incurred providing an after tax benefit of 9.72%
R&D Capital Allowances
RDAs are the capital expenditure equivalent of the Research and Development Tax Relief scheme and provides a 100% first year allowance for qualifying R&D capital expenditure
Land Remediation Relief
Land Remediation Relief is a relief from corporation tax only. It provides a deduction of 100%, plus an additional deduction of 50%, for qualifying expenditure incurred by companies in cleaning up land acquired in a contaminated state
Industry: Software Technology
Raised: £3 million
The company uses third-party applications and software development kits to build bespoke solutions. The company thought it could not qualify due to using off-the-shelf technologies.
How we helped
GTIC found the company developed integration modules not available from Microsoft or third-parties. The company also developed solutions to overcome limitations in software development kits. GTIC identified a series of middleware developments by working closely with the software development team.
Result: Successful R&D claim, claiming back over £150,000 over two previous years.
Industry: Oil & Gas
Turnover: £2.5 million
The company designs and develops plant & machinery to provide Oil & Gas well intervention and testing services.
How we helped
While the company had been operating since 2000, the company was not informed of the R&D incentive as the Accountants were unable to technically assess the company's activities. GTIC identified eligible activities, set up project capturing tools and implemented an innovation incentive strategy.
Result: Successful R&D claim, claiming back £200,000 over two years.
Industry: Packaging Manufacturer
Turnover: £5 million
The company designs and develops packaging for a variety of household products.
How we helped
The company has successfully claimed R&D tax credits in the past. GTIC found only new products were being included in the claims and revisited the definition of R&D with department directors.
GTIC identified further opportunities in projects that overcame limitations in materials due to sustainability and environmental factors. These projects duplicated the existing effects of existing products, while consuming less resource.
Result: Increased the amount of expenditure qualifying for the R&D tax scheme by £300,000.
GTIC has been professional throughout. They learnt about our business, met us many times and have cleverly put in place plans for the future
Software Development House
The team cares about our business and has helped us reclaim significant sums from R&D. They also worked quickly when we needed it and turned around our claim in under two weeks.
GTIC managed our R&D tax credit from start to finish, they were better at finding eligible projects than our previous providers.
Get in touch
Contact us for a consultation for up to 30 Minutes
Call to speak to an advisor - 020 3582 5526
020 3582 5526
Suite 2.10, 22 Addiscombe Road, Croydon, CR0 5PE