Accounting for R&D Tax Credits

If you’re looking forward to tapping into R&D make sure you’re claiming your research and development tax credits. Know that R&D tax credits are sponsored by the government Our accountants for tax credits help you out with various incentives. The government has been supporting all these tax incentives on regular basis for innovation and create new technology-driven employment. Business owners usually don’t realize what constitutes of R&D. These credits are ten times more expensive than what business owners realize.

Who is Eligible for R&D Tax Credits?

Businesses of all sizes can claim tax credits. Major corporations with research labs top the list. But what makes the business qualify for the tax credits. Here are a few ideas:

How to Claim R&D Tax Credits

If you’re all set to claim tax credits, know that potential savings will help you save the day. To get the tax claim, the taxpayer must evaluate and document all their research activities. This will help you keep a record of the fact that you’ve spent some amount on each qualified research activity. With the right documents, you put taxes on the table. Startups and small businesses can claim up to $1.25 million of federal R&D tax credits to offset the Federal Insurance Contribution Act (FICA) portion of taxes. Still, Confused about the tax credits? Let our Accountants in Croydon help you out.

Why Cruse + Bruke

The originals of the firm go back to before World War II. There were a number of partnerships over this time, including King & Cruse in the 1970s, part of which became Cruse + Burke in 1992

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Client reviews

     Excellent  
     Based on 11 reviews 
    
 
 
   
 
 
        
   Aamara Waqas 
 2023-08-27
 
 
  
  
 
       
   Caroline Oake 
 2021-11-14
 
 
  
  
 
       
   James Smith 
 2020-08-11
 
 
  For 15 minutes work Mr Burke started with 150+VAT per hour for two hours to quoting 600+VAT.
  
 
       
   Maurizio Paolella 
 2019-12-08
 
 
  Reliable professionals - I would certainly recommend.
  
 
       
   Anna Ruse 
 2019-11-21
 
 
  After meeting Peter Burke at a local Networking group, Cruse & Burke Accountants have been handling my self assessment tax returns, since I started working on a self employed basis over 6 years ago. They are efficient and everything is done quickly and professionally, which is great for me, as I would otherwise not have a clue how to complete them myself. I can definitely recommend their services.
  
 
       
   Alan Harwood 
 2019-10-22
 
 
  
  
 
       
   John Agbai 
 2019-06-26
 
 
  Very professional and knowledgeable in all aspects of taxation. A great team to have onside.
  
 
       
   Simon Piller 
 2019-04-03
 
 
  Susan provides a very efficient payroll service for me.
  
 
       
   Johanna Cargill 
 2019-01-21
 
 
  Excellent, no complaints. Always willing to help!
  
 
       
   Rebecca Smith 
 2015-04-20
 
 
  Fantastic customer service, would 100% recommend!!

Aamara Waqas

2023-08-27

Caroline Oake

2021-11-14

James Smith

2020-08-11

For 15 minutes work Mr Burke started with 150+VAT per hour for two hours to quoting 600+VAT.

Maurizio Paolella

2019-12-08

Reliable professionals - I would certainly recommend.

Anna Ruse

2019-11-21

After meeting Peter Burke at a local Networking group, Cruse & Burke Accountants have been handling my self assessment tax returns, since I started working on a self employed basis over 6 years ago. They are efficient and everything is done quickly and professionally, which is great for me, as I would otherwise not have a clue how to complete them myself. I can definitely recommend their services.

Alan Harwood

2019-10-22

John Agbai

2019-06-26

Very professional and knowledgeable in all aspects of taxation. A great team to have onside.

Simon Piller

2019-04-03

Susan provides a very efficient payroll service for me.

Johanna Cargill

2019-01-21

Excellent, no complaints. Always willing to help!

Rebecca Smith

2015-04-20

Fantastic customer service, would 100% recommend!!