Pera Technology offers ‘no win – no fee’ R&D tax credit service
06 November 2012
Contract product development company, Pera Technology is offering companies a ‘no win – no fee’ service to facilitate often under-utilised claims for research and development tax credits.
The move will enable companies to take advantage of the tax credits that are available to help with research and development.
On average Pera is claiming tax credits of about £40,000 for each of its clients, which makes a big impact on the cost of developing new products or improving existing technology.
Pera Technology has a long history working with companies developing new products and knows what help companies can get to fund research and development.
Mark Wareing, commercial director for Pera Technology says: “We have become well versed in what is claimable and what isn’t and how the application needs to be phrased. We will work with a client company for free. An initial visit and examination of a company’s accounts will let us know if there is something there for claiming. We then offer the client a contract where we take on their claim and fund our work by taking only 20% of what we recover
“Much of the activity companies undertake to grow their businesses can qualify for significant tax credits, regardless of the industry that they operate in. Whether it is creating new products, developing new processes or improving an existing product or even providing customers with technical advice; companies may be eligible for an R&D tax credit claim.
“Although our primary goal is to help companies innovate, we are aware that in difficult times any financial help companies can get is important. This is why we are trying to create more awareness of the availability of these credits for SMEs.”
The tax credits were introduced in 2000 to encourage the creation of new products and services while alleviating some of the financial risk. The government offers the credits in a bid to make UK business more competitive on the international stage.