Industry: Tech Company – Disinfection system
A company developing a special device was referred to Clearpoint Ventures (CPV) to prepare and submit their R&D Tax claims. Previous claims were prepared and submitted with minimum compliance documentation, and expenditure calculations were unsubstantiated. This put the company at a high risk of non-compliance with the regulators.
How we helped:
Working with the development team, CPV analysed every aspect of the company’s development activities and available documentation. Identifying the gaps, we implemented various record-keeping and document tracking systems, enabling the company to better monitor and manage their development activities and associated expenditure. The whole claim was put together in a few short weeks. The various applications went through to final approval, and the company received a substantial refundable tax offset.