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Cleaver Scientific is a UK based electrophoresis equipment supplier who provide premium and technically enhanced high specification, low cost electrophoresis equipment for the world market.);
We had never heard about the HMRC R&D Tax Relief Scheme
Until Myriad Associates approached us we had never heard about the HMRC R&D Tax Relief Scheme.
Cleaver Scientific is a UK based electrophoresis equipment supplier who provide premium and technically enhanced high specification, low cost electrophoresis equipment for the world market.
Cleaver Scientific are constantly looking to develop and expand their range of electrophoresis equipment. They have undertaken a number of development projects which were technically challenging and had not previously made an R&D tax credits claim. The Company has made significant investments into people, materials and fixed assets to support these projects.
Myriad Associates undertook a thorough review of all of Cleaver Scientific’s development projects and immediately identified considerable levels of eligible R&D activities that would be eligible for R&D tax credits.
Myriad Associates’ qualified Costs Accountants analysed Cleaver Scientific’s cost base which included data mining the payroll records so that the relevant data could be extracted.
"It was clear that Myriad Associates were not just very knowledgable about the R&D Tax Relief Scheme, they also made it their business to understand our technology, process and business costs model."
Adie Cleaver, Managing Director
The R&D tax credits claim was processed by HMRC within 4 weeks and Cleaver Scientific received a well-earned Corporation Tax refund covering the last two accounting periods.
Cleaver Scientific plans to re-invest their R&D tax credits refund back into the business to support on-going development activities.
We have peace of mind that future R&D Tax Relief claims will be fully optimised by a leading industry experienced R&D Tax Relief specialist.