R&D Tax Credits for Consumer Publishing: over £307,000 in government funding claimed by book publishing company under HMRC scheme.
In this case study, we explore the Research and Development claim made successfully by a book publishing company. The client developed crowdfunding portal which is disrupting the traditional book publishing model.
The client was eligible for £307,000 in R&D tax credits because of the application of a new funding method to a well-established industry.
By raising funds from the public, only books that are in demand from customers are produced. Furthermore, all costs are paid for upfront, reducing the risk to the company.
The client goes on to retain a 50% share of any subsequent intellectual property (IP) revenue. They also offer group and individual marketing support to the author once the book has been published.
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At R&D Expert, we are increasingly identifying many companies working in the sector that could benefit from this important source of funding. Many more businesses can increase funding for further innovation by claiming as much as they are entitled to in R&D Tax Credits for Luxury Cosmetics product development.
Unfortunately, due to confusion over the government-backed funding, many companies are yet to claim the tax relief or cashback they deserve. We generally see businesses falling into two categories. First of all, businesses that are yet to claim at all as they do not realise they are eligible. In another common scenario, businesses do not receive the credit they deserve because they have not optimised their previous claims. However, we have many examples of previous success stories. So, it is always worth speaking to a Specialist. Because only the minority of cases are straightforward.
How do I know if my internet services company could claim R&D Tax Credits? Consider:
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We are here to help. If you would like to know more about R&D Tax Credits for internet services or you would like to arrange a free consultation with our team of R&D Experts, get in touch today. We will be happy to discuss whether any innovative projects your company has developed may be eligible for R&D Tax Credits. Apply now or get in touch with us today: firstname.lastname@example.org T:0333 050 3995.