R&D Tax Relief Specialist Helps Regional Digital Agency Drive Growth
A Derbyshire-based digital marketing and web design agency has experienced accelerated growth over the last two years, thanks to working with Research and Development [R&D] tax relief specialists, Quantum R&D Tax.
Established providers of web design, SEO, PPC and digital growth consultancy, Quick By Design or ‘QBD’ first started working with Quantum R&D Tax in late 2018 after listening to an educational presentation by company Director, Michael Newnham, who outlined the reclaim process at a regional networking group.
Unsure as to whether the agency would qualify for a reclaim, Directors Dan Bullock and Paul Dyer set up an initial meeting with Michael and quickly learnt that QBD was eligible as a result of its consistent development of new technologies and digital marketing processes.
Fast forward three years and the agency has been able to claim a total five-figure sum to date, which they have continued to reinvest back into the business to drive continued growth. As a result, QBD has successfully increased headcount from six to ten and more than doubled its turnover within just two years.
Dan Bullock, Director of QBD, explained: “I think a lot of business owners believe that R&D tax relief is solely for organisations that invent or develop their own product-base, when in fact it can apply to a multitude of industry sectors, with claims even eligible on equipment and staff costs.
“Only by speaking to Michael and the Quantum R&D Tax team did we learn and understand this and, following our initial educational session, have worked with them annually to submit a claim. As a result, we have received a sizeable reclaim sum that has enabled us to reinvest in the business.
“This has enabled us to expand our talented team of creative, marketing and web development experts who are fundamental to our own continued growth and enhance our service delivery.
“It has also helped us to transition from a traditional web agency into a full-service marketing and business growth consultancy with expertise in digital, SEO, content, social media and creative design, to help our clients achieve success through the full range of
solutions we provide.”
Founded in 2018 by experienced Business Leader, Michael Newnham, and qualified Accountant, Katherine Baines, Quantum R&D Tax focuses on working closely with businesses across digital, technology, food and drink, construction and manufacturing sectors.
Passionate about sustainability and environmental change, the firm makes a donation from each successful R&D tax claim to the United Nation’s 17 Sustainable Development Goals, which includes initiatives from supporting wildlife to providing clean water and sanitation to those living in third world countries.
Michael added: “According to the latest statistics, 55% of eligible SMEs are still not claiming for R&D tax relief to which they are entitled, meaning they could be missing out on significant sums of money to reinvest into the growth and development of their business, just as we have seen with QBD and the agency’s incredible growth.”
Headquartered in Malvern, Quantum R&D Tax supports businesses UK wide. With a no win, no fee structure, the firm can help business owners understand their eligibility to claim with a simple discovery call.
