R&D Tax Relief: How Areande Helps You

 Tax season. It’s the time of year everyone loves to hate, the lengthy paper-filled process is hard enough just for your own finances. If you have your own business, you won't be a stranger to the difficulties of applying for R&D and r&d tax relief on a much more massive and intimidating scale.

That's where Areande comes in.  Areande, in layman's terms, means innovation tax relief, or to claim tax relief on innovative projects, meaning that the government allows you to pay less tax on innovation and the things needed for it. 

The government's Cooperation Tax Act, started in 2000, rewards businesses that invest in innovation by developing new products, improving products or systems that already exist or advancing knowledge within that company's sector. Also known as r&d tax relief.  You can qualify to claim r&d tax relief through activities such as Software development, automation, both failed and successful projects, development of innovative recipes or formulas, development of new materials or even improved processes. And a lot more besides!

R&D tax relief is useful for paying for anything your company needs to allow you to invest in innovation. From the likes of transport vehicles, heating lighting water or software used, to externally hired workers or even payments for clinical trial volunteers. So, you can see why this would be a crucial scheme for your business to take part in.

However, some business owners may not be aware that you can only claim two years from the end of your accounting period, which means that companies entering a new tax year won't be able to claim for projects that occurred two years previously. Daunting right?

That begs the question what does Areande do? Areande is a website that takes the leg work out of completing R&D tax relief forms. With the site's easily accessible portals and quick to fill out applications, the time you used to spend sifting through mountains of paperwork to highlight the cost of just one innovative project, can now be used for more innovation, instead of stagnation. All we need you to do is fill out the online form asking how much of a profit your business makes,  say whether you pay cooperation tax and whether you believe you've been innovative this financial year within your business and staff will check if you're eligible for Areande. Once your eligibility for r&d tax relief is confirmed, one of our experts will discuss with you what comes next in the claiming process. That's it.  Claiming R&D tax relief has never been quicker or easier!

Company owners can even decide to partner with Areande in order to increase profits and revenue. Our partnering process is as simple as the tax claims process that we are known for. Partners of Areande can earn an average of £150,000 per year and a third of our partners more than double their income through an Areande partnership.

Now is the time to grow your company rather than slow your company and Areande will be with you every step of the way!