R&D Tax Credits
We have a 100% success rate in the preparation, submission, and management of R&D tax credit claims on behalf of our clients. The team has worked with a wide variety of companies from start-ups to blue-chip multinationals. We work closely with clients to assess their potential eligibility, including their ability to make historical claims for previous financial years, as well as advising them on how to maximise future claims.
- 100% success rate
- Understanding HMRCs R&D definition and guidelines
- Sifting through costs to ensure eligibility and maximise claim values
- Liaising with the client’s registered tax agent to devise the best usage of the tax credit
Initial phase to understand your business and the scope of research and development work you have invested in over the past few years. We examine R&D Tax Credits using an ‘Innovation Lens’ as opposed to a ‘Tax Lens’ and so often can include a wider range of activities that will be eligible according to HMRC guidelines.
Preparation phase where our team will gather the required information, interview key technical staff and prepare a draft Technical Report that justifies the R&D Tax Credit claim. The justification will examine technical risk, problem-solving and added value of the innovation.
Evidence phase where our team will liaise with your Finance Director and Accountant to gather the required financial information to prepare the R&D Tax Credit financial calculations. Eligible costs include wages, subcontractors, materials/consumables, software, and utilities.
Delivery phase of the process where you are able to review the technical report and your accountant can review the financial claim. We prefer that your accountant submits the final claim as your registered tax agent and trusted advisor.
In the rare event that a claim is challenged by HMRC, our team will take every step and make every effort to provide the justification for the claim to satisfy the governing body. This service will include attending face-to-face meetings where required.