R&D Tax Credits
Are you missing out on R&D tax credits?
Many eligible businesses never claim the relief they're entitled to. Philip Barnes & Co help you identify whether you qualify, estimate the value of your claim, and manage the process from start to finish.
What we do
R&D tax relief — handled by a specialist
Dean Ackrill leads R&D tax credit work at Philip Barnes & Co. He brings a background that is directly relevant: before joining the firm, Dean spent 11 years as Financial Director of a telecoms company, where he managed growth, restructuring, and process improvement at scale.
In 2002, the telecoms firm he served as Financial Director was recognised as one of Deloitte's Top 50 Fastest Growing Businesses. That commercial experience — understanding how businesses invest in innovation and how those investments are recorded — is exactly what effective R&D claims require.
R&D tax relief rates changed in April 2023. The previous SME enhanced deduction no longer applies in the same way. If you have seen figures quoted elsewhere, they may be out of date. Contact Dean Ackrill on 01827 60033 to understand what your business can claim today.
How we work
Four steps to a successful R&D claim
1. Identify eligibility
We review your business activities against HMRC's qualifying criteria. Many companies investing in engineering, software, manufacturing processes or medical innovation qualify without realising it.
2. Estimate the rebate value
Before committing time and resource, we give you a realistic estimate of what a claim could be worth — so you can make an informed decision about proceeding.
3. Structure and manage the claim
Dean Ackrill manages the claim preparation and submission, ensuring qualifying expenditure is correctly identified and the technical narrative meets HMRC's requirements.
4. Set up controls for future claims
A one-off claim is valuable. An annual claim is transformative. We put processes in place so your business captures qualifying activity throughout the year — not just at year-end.
Who this is for
Particularly relevant for engineering, manufacturing and medical clients
R&D claims are not limited to technology companies. Philip Barnes & Co work with businesses across engineering, manufacturing and the medical sector — and understand what activities qualify in each.
- Engineering & Manufacturing The firm has specialist accounting expertise in engineering and manufacturing, working with businesses typically turning over between £500k and £50m per year. Process improvement, new product development, and materials innovation can all qualify for R&D relief.
- Medical Sector Philip Barnes & Co have extensive experience preparing accounts and providing business advice for doctors, medical practices and pharmacies. Clinical and diagnostic innovation, new treatment protocols, and medical device development may all attract R&D relief.
- Other R&D-active businesses Any company investing in resolving scientific or technological uncertainty — regardless of sector — may qualify. If you are unsure whether your work counts, a conversation with Dean Ackrill is the fastest way to find out.
"Philip Barnes & Co have looked after my accounts and tax affairs for more than 7 years, and during that period, I have saved a significant amount of tax, thanks to the restructuring and tax planning advice I have received."
Rob Rock — Golfing Tour Professional
"I have been a client of Philip Barnes & Co for several years, during which time my business affairs have been restructured to help maximise my income levels. I would highly recommend Philip Barnes & Co."
Nick Matthew
3 Time World Champion Squash Player
"We have been a farming client of Philip Barnes since 1970 and we have always found them approachable, friendly and supportive. Our diversification projects and our contracting companies have grown over the years with the professional support of Philip Barnes."
Helen Trivett
Partner, R.W. & H.E.R. Trivett & Sons
Ready to find out what your business can claim? Talk to Dean.
R&D tax relief rates have changed. The best way to understand what applies to your business today is a direct conversation with Dean Ackrill, Philip Barnes & Co's R&D specialist. Call 01827 60033 or use the link below.