The agriculture sector has always been focused on innovation but R&D tax credits are often overlooked.
R&D Tax Credits for Agricultural Companies
In our experience, Agriculture businesses are populated by problem-solvers developing clever solutions to improve their production process or their product. Much of this activity qualifies for the R&D tax credits scheme.
Harvesting the Benefits of Research and Development
Number of claims in 2020
Average SME claim
Average large company claim
Does your business qualify?
Research and development in the agricultural sector spans food production, engineering, even software development. There are many challenges and eligibility is everywhere. You just have to know where to look.
Examples of eligible R&D activities.
- Using new techniques to increase yield.
- Developing or modifying existing machinery or tools.
- Reducing wastage of raw materials.
- Adapting new fertilizers or pest control.
- Software development for production analysis.
- Introduction of unique IoT adoption.
- Improving testing methods.
- Process improvement and development
Types of eligible sector businesses:
- Crops grow
- Animal production
- Fishing and aquaculture
- Forestry and logging
- Hunting and related service activities
Which costs can be claimed?
We have submitted many claims for agricultural companies when they had previously been told that they aren’t eligible. As specialists in this sector, we know which areas of agriculture expenditure qualify for the R&D tax credits incentive.
As an example, some of the allowable costs include staff wages, materials consumed, utilities, prototyping, subcontractors and software development.
R&D Tax Credit Calculator
The R&D tax credit calculator will help you estimate the potential cash value of your agriculture research and development.
Maximising R&D Claims for Agricultural Companies
For over 12 years, we’ve been helping agricultural companies maximise the benefits from R&D expenditure. If you’re new to the incentive or claiming already, we will help you get the most out of your investment.
We’re not just tax advisors, we also develop technology.
This expertise enables us to identify and defend R&D work which may not present itself as eligible to accountants or other providers.
Our process is simple and easy.
We quickly tell you whether you’re eligible. And if so, we handle all the writing, preparation and submission of your R&D claim.
For over 12 years we have been successfully submitting R&D claims with 100% success rate.