R&D Tax Credit

Talk Direct

Set up a free 15 mins call with our R&D adviser

Technology Areas: Engineering, Energy, Renewables, Biotechnology, BioMedical Sciences, Pharmacology, AgriTech, ICT, Infrastructure, Software, Renewable Engineer, Chemistry, Battery Technology, Behavioural Economics, and Psychology

Staff: Organizational Business Consultant, Financial Analyst, Business Administrator, and an experienced R&D accounting firm
 

Why a typical accountant is usually not enough? 

R&D and Technology Expertise!

1. Discussing your technology in detail to figure out if it does indeed qualify.
2. Evaluating your technology with consideration of which R&D Specialist Unit will be looking at it (different ones have subtly different criteria).
3. Preparing a technical narrative that presents your technology in the best possible way to minimise the chances of an audit.
4. Calculating the size of the claim based on HMRC’s ever-changing criteria (which are also specific to each R&D Specialist Unit).
5. Filing the claim directly with a specialist unit to ensure that it is looked at by a specialist (and not an HMRC inspector who suddenly takes an interest in tax credits but has never looked at a claim before).
6. Following up on that filing to ensure it is looked at promptly.
7. Providing a first line of defence when handling questions from HMRC (including ones about the technology), so that unless an audit is requested, you don’t even need to worry about the claim and just wait for the money to come in.
8. If an HMRC audit does occur, prepping key tech and finance members of your team so that they know how to answer questions in the most favourable way, and sitting in the audit meeting with you to help handle HMRC questions.