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Lost Wax Development are constantly looking to develop and expand their range of metal castings.);
Our Accountants told us that we were not eligible for R&D tax credits.
Lost Wax Development are constantly looking to develop and expand their range of metal castings.
Lost Wax development have undertaken a number of development projects which were technically challenging. The Company has made significant investments into people, processes, materials and fixed assets to support these projects.
In order to capture all relevant R&D activities, Myriad Associates assigned its industry experienced technical expert to undertake a walk-through of the LWD’s manufacturing facility. In addition, they interviewed key operational and technical staff. It quickly became evident that LWD were undertaking significant eligible activities relating to design and process challenges as well as material trials, which qualified for R&D tax credits.
Myriad Associates’ qualified Cost Accountants undertook a thorough review of the LWD cost base to ensure that all relevant R&D expenditure was captured in order to fully optimise the claim.
"Myriad Associates dealt with our R&D Tax Relief claim from start to finish which enabled us to focus on what we do well and that is to innovate and develop our business."
Wendy Bennet, CEO
Not only did Lost Wax Development receive a well earned Corporation Tax refund covering the last 2 financial years, they were also surprised to see how much time and money had been invested in customer development activities.
Lost Wax Developments now have the peace of mind that their R&D tax affairs are in safe hands and that future R&D tax credits will be claimed from HMRC.