R&D Tax Credits

Identifying 220% increase in qualifying R&D expenditure for software developer Solution 7

“Ayming UK’s specialist expertise resulted in a significant uplift to Solution 7’s R&D Tax Relief claim. They were able to deliver a comprehensive review within a tight time scale and their work has been highly valuable to the business.”  

-  Simon Miles, Managing Director, Solution 7

The Projects

Solution 7 combines market leading off-the-shelf software solutions with internally developed software, in order to create bespoke and innovative software solutions for its clients.

The Company is highly innovative and had already made a claim for R&D Tax Relief when they engaged with Ayming UK.  Innovations were found across numerous projects within Solution 7’s portfolio, including the use of SmartView.

Identifying & Claiming Eligible R&D Tax Benefits

SmartView is a Microsoft Excel-based management tool for accountants, analysts and non-expert users. The tool communicates between Microsoft Excel and a range of financial databases quickly and efficiently. Ayming UK identified SmartView as one of several projects eligible for R&D tax relief.

And How We Helped...

Prior to working with the Ayming UK R&D tax team, Solution 7 put in a claim for R&D Tax Relief, identifying £38,293 of qualifying R&D expenditure.

Ayming UK’s review identified £122,694, representing a 220% increase on the original  claim.

This resulted in a cash refund of tax paid for  Solution 7 amounting to £17,636

 

 

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About Solution 7

Solution 7 provides software development, project management, data analysis and other related IT services for a variety of clients.