R&D in Fire Safety companies
Industry Spotlight
How might Fire Safety Company qualify for R&D tax relief?
Fire safety is a crucial concern in all types of buildings, from homes and offices to industrial and commercial spaces R&D can help fire safety companies create innovative solutions for fire prevention, detection, and suppression. Additionally, R&D can help improve the performance and efficiency of existing fire safety equipment and systems. In this way, R&D plays a vital role in protecting people, property and the environment from the devastating effects of fires.
The company could perform experiments and simulations to test the effectiveness of different fire safety measures and identify potential improvements.
The company could partner with universities or research institutes to conduct joint research projects focused on fire safety.
The company could invest in developing new technologies, such as advanced smoke detection systems or fire-resistant materials
R&D enables the development of innovative fire suppression techniques that can effectively extinguish fires while minimizing damage and risk.
This can involve researching and testing new extinguishing agents, exploring improved nozzle designs and optimizing the delivery mechanisms.
The company could collect and analyze data on fire incidents, identifying patterns and trends that could inform new fire safety strategies and technologies.
The company could test and certify fire safety products, such as fire alarms, fire extinguishers, and sprinkler systems.
The company could develop training programs and educational resources for fire safety professionals and the public.
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 fire safety 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.
RDEC
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.
Partner Program
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.
Accountancy Services
Through BC&A Chartered Accountants, we offer a range of accountancy services including company formations, business planning, taxation and compliance services and more.