Hoban Design

Hoban Design is a distinguished architectural and interior design firm renowned for creating exquisite residential properties in Wimbledon, London, Surrey, the Home Counties, and throughout the UK. Since its founding in 2014, Hoban Design has been partnered with Artisan Accounts, leveraging their financial expertise to stabilise and grow their business. Recognising the value of Hoban Design’s innovative architectural solutions, Artisan Accounts, was engaged to explore opportunities for further financial optimisation.

The Challenge

Hoban Design consistently delivers innovative solutions across various projects. Artisan Accounts identified a unique opportunity for Hoban Design to apply for Research and Development (R&D) Tax Credits, potentially resulting in a significant reduction in Corporation Tax. This opportunity arose from the technical challenges that Hoban Design encountered on their projects and the innovative methods they employed to overcome them. With their approval, we began preparing and submitting the R&D Tax Credit claims.

The Solution

Alex and his team at Artisan Accounts implemented a comprehensive and meticulous approach to create a robust and compelling claim. The approach included (but was not limited to) the following asset creation and process:

• Template Provision – A template was created to capture the technical aspects of the R&D claim. This template focused on identifying the technical challenges faced by Hoban Design and detailing how these challenges were overcome through innovative solutions.
• Project Review – Alex and his team conducted a thorough review of various projects undertaken by Hoban Design. Although not experts in architecture, their knowledge enabled them to recognise and highlight technical innovations.
• Narrative Preparation – An overarching narrative was prepared, encapsulating the innovative nature of Hoban Design’s projects. This narrative was crucial in presenting a compelling case for the R&D Tax Credits.
• Collaboration with the Team – Alex worked closely with Hoban Design’s team to identify and validate the time spent and expenses incurred on each project. This collaborative effort ensured that all claims were accurate and justifiable.
• Claim Validation – Before submission, the overall picture was reviewed to ensure that the claims were appropriate and reasonable, both for individual projects and for the business as a whole.

The Outcome

As a result of Alex’s innovative thinking and meticulous approach, Hoban Design were awarded a significant amount of R&D Tax Credits over several years. This financial boost improved the company’s profitability and empowered them to take on more challenging projects with confidence, knowing that the risk was mitigated by the tax credits.

Hoban Design were delighted with the outcome highlighting the professionalism and expertise demonstrated by Alex Redmond and his team. Their feedback underscored the value of Artisan Accounts’ guidance in navigating the complex process of R&D Tax Credit claims, ultimately enhancing their financial stability and enabling continued innovation in their architectural endeavours.

“I cannot recommend Artisan Accountants highly enough. Alex and his team have assisted us in growing our business and carrying out our accounting functions, ensuring our affairs are in order, and delivered in an understandable and timely manner. By introducing us to R&D Tax Credits, and guiding us through the process, Alex allowed us to unlock significant tax savings, making our business more profitable and resilient.” – Brian Hoban, Director, Hoban Design Architects

Get in touch with us if you’d like help with your R&D Credits claim or if you are uncertain whether you qualify. We can assist you to identify innovations that meet the criteria, collaborate with you to prepare your claim and assist you throughout the process.

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