Cooden Tax Consulting specialises in providing R&D tax credit relief consultancy in Hampshire and the surrounding area. Director Simon Bulteel is a research and development tax expert and has built a team with years of experience helping businesses across Hampshire with their claims.

Getting your R&D tax credit claim right can make a huge difference to your business – claiming your full tax relief entitlement can provide a fantastic impact on your business’ ability to fund future product development. But there remains a significant lack of understanding in companies about the range of R&D tax credits available.

Simon and the team at Cooden Tax Consulting have helped a huge number of organisations across Hampshire to understand the scale of their R&D work, and then provide guidance and advice on making a claim for those projects that qualify. We are able to recognise valid projects and offer practical assistance on interpreting HMRC’s rules and regulations.

We work closely with you to help you completely understand the qualifying conditions. We can also help you review technical aspects of qualifying projects as well producing draft justifications for submission to HMRC.

Simon Bulteel - R&D Tax Consultant

What are R&D Tax Credits?

Established by the government in 2000, the R&D Tax Relief Scheme is used to reward businesses for innovation and to help support business growth. R&D tax credits are a resource that businesses can use in order to more cost-effectively invest in research and development opportunities in order to help them grow.

When businesses spend money on developing products, processes or services, or enhancing existing ones, they may be eligible for R&D tax relief. R&D tax credits are claimed as a reduction in corporation tax for companies in profit, and in the form of a cash payment in the event of a tax loss in the financial year.

What costs qualify for R&D Tax Relief?

There are a range of businesses costs that can qualify for tax relief. These include:

  • Staff costs – employees, freelancers, and contractors
  • Consumables – water, fuel, and energy
  • Hardware and software
  • Payments to subjects in clinical trials

R&D tax credit services we offer

Submitting a full R&D tax relief claim can be a complex process. We offer a full range of services including:

  • R&D Tax Relief (the SME scheme and RDEC (Research & Development expenditure Credit)
  • Video Games Tax Relief
  • Patent Box
  • Proofreading Claim Reviews
  • Tax Enquiry Support

Why choose Cooden Tax Consulting?

Long established as specialists in R&D tax credit consultancy, Cooden Tax Consulting works with a wide range of companies across Hampshire and the surrounding area to help them to maximise their R&D tax relief claims – we could do the same for you. To date, we have helped clients submit claims in excess of £11m across a huge variety of industries – we hold a great success rate.

R&D tax relief is highly specialised; the majority of accounting practices do not cover it comfortably, but we can help. Director Simon Bulteel and the team at Cooden Tax Consulting have years of experience and knowledge in the area, and we can guide your business through the complexities of making a claim.

We work closely with you and your appointed accountant in order to calculate, validate and complete your R&D tax claim. We have helped businesses not only in Hampshire, but across the UK to make valid claims. We have built up an excellent reputation for our quality of service.

Simon and the team have an outstanding reputation, the proof of which can be seen in our testimonials here.

Client Testimonials

We saved £64k with R&D tax relief. Simon is brilliant. He scores 10 out of 10!

Louise Smith
Director, OSET Bikes UK Limited

You really need a specialist for R&D tax relief. Simon saved us £140k+

Stephen Bull
Finance Director, Barth-Haas UK Ltd

You really need a specialist for R&D tax relief. Simon saved us £140k+

Max Windheuser
Director, Evinox Energy Ltd

As a start-up with a unique mobile app, saving £8k+ in tax is a big deal.

Joel Burgess
Founder & CEO, Nutrifix

R&D Tax Credit Success Stories

As a fin-tech start-up with significant r&d spend, saving £50k+ is fantastic!
Dev Subatra - Founder, Fidel

Fidel Limited – Fintech Loyalty Rewards Technology – saved £50k+

This was a complex development project that involved an extensive and expensive collaboration with Visa and Mastercard to connect to their data feed. The API needed to be compliant with the PCI framework – the Payment Card Industry Data Security Standard.

Read the Full Case Study
You really need a specialist for R&D tax relief. Simon saved us £140k+
Max Windheuser - Director, Evinox Energy Ltd

Evinox Energy Ltd – Heating Systems – Saved £140k+

There were several separate projects making up claims for R&D tax relief. One of these was the development of an improved heat interface unit. It was designed to be a combined boiler and tank, with connections to a wider system for heating multiple occupancy accommodation.

In its new design the company sought to improve the efficiency and unit cost of manufacture by introducing a new efficient pump, developing new (and less) control valves, as well as an intuitive ViewSmart Room Controller, that incorporated their own PaySmart pre-payment technology, to allow for centralised reporting and billing.

Read the Full Case Study
Our Savings of £79k have been invested into further R&D for our Fin-Tech App.
Ben Turney - CEO, Teathers

Teathers Financial Software Limited – Fintech Investment App – saved £79k

Teathers research and development work was based around innovative software development (Software as a Service – SaaS) and a new private investor experience concept.

The Teathers App is an execution-only platform. When an AIM-listed company raises money, “onboarded” users of the Teathers App have the opportunity to get involved.

Users are onboarded by downloading the iOS or Android app and completing an account application process. This sets up an execution-only brokerage account with Shard Capital.

Read the Full Case Study
We gained £25k tax relief on our first claim. We're now on our second
Richard Moore - MD, The Source

The Source – Subterranean Skatepark – saved £26k

The skate park build was very complex and needed a great deal of scientifi c construction research before it could go ahead.

The site dates back to the 1800’s and had been derelict for approximately 18 years. It was originally a swimming pool that also had (and still does have) a full basement of water. The whole footprint of the building is part of a natural stream and water from the roads drain down into the space.

This creates a marine environment. Calculations were required for understanding how timber ramps would expand and contract with the humidity, for example.

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We highly recommend Cooden Tax Consulting to other businesses. We saved £49k.
Andy Johnson - Director, Cosmarida Limited

Cosmarida Limited – Cosmetics Manufacturer – Saved £49k

Cosmarida work in an industry where formulation development is an ongoing R&D process. The skincare and toiletries products are constantly being refreshed with new fragrances and
active ingredients.

Despite working to a “brief” from their customer for most product developments, the company were able to qualify for the SME tax relief scheme because the brief was vague. Cosmarida had to experiment with different combinations of fragrances and ingredients to produce a number of samples and make multiple changes to get customer approval. Even then the R&D work isn’t finished.

Scaling up from a small 100ml pot to a 1,000 litre test batch and then a 10,000 litre first production batch, still represent significant challenges. As well as the product manufacturing, the company has also designed and built machines for unique packaging requirements.

Read the Full Case Study

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