New software is constantly being produced, which is why Goldhill Consulting is always working with software companies on their R&D tax relief. One of our clients was a finance company developing a new software platform to automate and streamline their loan application process. The software platform was designed to leverage machine learning algorithms to assess the creditworthiness of loan applicants and to provide a more efficient and accurate lending decision.
After pouring loads of time and resources into the project, they realised they might be eligible for R&D tax relief, but they didn’t know how to get started. That’s where we came in. Our team of R&D tax relief specialists got right to work, diving into the nitty-gritty of the finance company’s software development challenges.
How We Helped
With our expert guidance, the finance company was able to claim a massive amount of R&D tax relief. We prepared a detailed claim that covered all the technical challenges they faced and the innovative solutions they came up with to overcome them. Furthermore, we made sure to include all the documentation and evidence needed to support their claim and get them the tax relief they deserved.
Thanks to our help, the finance company was able to use their tax relief savings to invest in even more R&D activities, making their loan application process even better. And the best part? Their successful R&D tax relief claim resulted in a significant reduction in their corporation tax liability, giving them extra cash flow to keep developing and improving their platform.