What is R&D?
R&D doesn’t have to mean reinventing the wheel: it's also solving problems that your business faces on a day-to-day basis in a new way, or having to overcome a challenge that doesn’t have a straightforward solution.
If you’re taking a risk by spending money on creating new products, processes, services, or knowledge (or developing and improving what already exists) then it’s likely that you’re carrying out R&D which the government credits can reward.
Find out whether what you do qualifies
Many of the different innovation schemes complement each other, to ensure your total benefit reflects your investment in innovation. Our test helps you determine what innovation funding options are available to you.
For many businesses, R&D tax relief offers the most generous benefit of the four schemes. R&D tax credits can reward your innovation and provide vital growth-fuel for your business. We place particular focus on R&D tax credits in the test as they often offer the most generous benefits.
Over £9.6b of financial support was paid to businesses in 2018 across the government’s four innovation relief schemes:
R&D Tax Credits
Corporate tax relief that reduces a company’s tax bill or provides a cash sum.
Receive a non-repayable lump cash sum for a specific project.
Benefit from a lower rate of corporation tax on profits made on patented inventions.
Tax relief of up to 100% against any incurring expenditure related to R&D activities.
About the test
For many businesses, innovation tax incentives provide the most effective way to fund innovative work, enabling your business to develop and maintain your competitive advantage. Failing to assess whether you can claim can mean missing out on vital financial support which can enable growth.
By answering 23 multiple-choice questions on innovation in your business, we will give you a score against each of the government’s four main relief incentives: Research and development tax credits, grants, Patent Box, and research and development allowance.
These scores tell you whether or not you should be applying for each scheme. The higher the score, the bigger the opportunity is for you to claim.
Who we are
We are a specialist team of tax R&D incentive advisors founded on outstanding client service. Combining in-house talent, technology, and technical expertise, we help innovative companies of all sizes access millions of pounds of government money through tax incentives designed to encourage innovation. It’s our mission to enable forward-thinking businesses, like yours, to create new products, new ways of doing things, and solve challenges to overcome obstacles and ensure sustainable growth.
What our clients say:
“As a result of working with Kene Partners, the amount we received in tax relief has almost doubled...meaning we can re-invest twice the amount of money back into the business”
“The team at Kene Partners have consistently out-performed and out-manoeuvred other R&D tax specialists that we have worked with in the past”
Finance & HR Director
“Kene Partners are articulate, decisive, and courteous. They always respond quickly to queries and requests, and ultimately make us money! What is not to recommend”