“Meeting up with Watsons at one of their tax seminars resulted, after some preparation and planning, in a valuable cash injection in the shape of a tax refund to my business that I would not have thought possible. This enabled me to fund more easily the development of a vital new product for the company.”

 - Stuart Green, Director

Client Industry
Commercial Software products

Location
London

Background
The client was undergoing a period of transition and needed to develop its product range but was incurring losses from the substantial investment required.

Problem
Their former taxation advisers had not been proactive enough to inform the client of the potential to make a claim under new legislation for a tax credit on research and development costs.

Watson's Solution
To assess the development undertaken and to confirm it met the criteria for a successful claim, support the directors during preparation of a detailed claim and ensure its speedy submission to H M Revenue and Customs

Result
A cash tax credit refund for the client of £55,000, which eased cash flow and proved invaluable for completing the development.