R&D in Analytics companies
Developing new and improved analytical models, algorithms, and statistical techniques to enhance data analysis capabilities and derive meaningful insights.
Analytics companies may collaborate with other companies or academic institutions to share knowledge and resources, and to develop new products or services.
For example, collaborating with a university to develop new machine learning models for analysing healthcare data.
Analytics companies may create new data products that can help companies make more informed decisions.
For example, creating predictive analytics tools that can forecast sales or customer behaviour.
Conducting R&D activities to enhance data security measures, develop encryption techniques and ensure compliance with privacy regulations, safeguarding sensitive information.
Analytics companies may develop new algorithms and models to improve the accuracy and efficiency of data analysis.
For example, developing new machine learning algorithms that can identify patterns in data more accurately than existing algorithms.
Analytics companies may develop new software or platforms that can help companies collect, store, and analyse data more efficiently.
For example, developing new data management software that can handle larger data sets or that can integrate with other tools.
Analytics companies may explore new data sources to find new insights or to create new products.
For example, exploring data from social media platforms to identify trends and patterns that can help companies better understand their customers
Doing anything innovative or industry advancing?
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Has your company engaged in this type of activity in the past?
If you believe your analytics company could benefit from R&D tax relief, please do not hesitate to contact us today.
Our team of experts is here to help you navigate the complexities of research and development tax relief and ensure that you receive the maximum benefit for your innovative work.
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R&D Tax Relief
From initial discovery call and information gathering through to claim preparation, supporting documentation and submission. We're your expert partner in R&D tax relief submissions.
For larger companies we can support claim preparations under the RDEC (Research & Development Expenditure Credit) scheme, ensuring robust, defensible and maximised claims .
HMRC Enquiry Support
We'll liaise with HMRC on your behalf, ensuring no unnecessary delays on receiving your claim and no unfair reductions. This service is provided as standard for our clients.
R&D Claim Review
If you're making an R&D tax relief claim, our team can help ensure you're compliant with the latest legislation and identify any potential claim uplift. Speak to our team for more information.
If you work with innovative businesses and you're interested in partnering with us to ensure your clients are maximising their R&D tax relief, speak to our partner program lead.