Lumo helped North East Sheets and Panels, a manufacturing company, streamline their R&D tax claim for process improvements and new product development.
In developing their cutting equipment to develop seamless edging, the manufacturing company had made changes to their processes that were eligible for an R&D tax credit claim. Many think that products are at the core of a new R&D claim, but new equipment can be part of a valid claim.
The directors of the company were not immediately aware that the changes to their process were a qualifying claim. We looked at the challenges faced integrating the new equipment and saw the potential for a claim.
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