We have a specialist in-house team of R&D tax experts. We run your claim from the first conversation about your business to the
moment your HMRC Ready report is submitted
moment your HMRC Ready report is submitted
Step 01
5 Minute Call
A quick chat to discuss areas of R&D and what
information we will need to validate your Claim
information we will need to validate your Claim
Step 02
Fill in Basic Details
Information regarding spend relating to R&D projects, What areas of uncertainty have been challenged and basic information about your company
Step 03
Review Your Claim
We will verify the details submitted by going through them with a magnifying glass, so that no stone is left unturned
Step 04
Report & Submission
We will generate a HMRC recognised and ready report which will be submitted to HMRC
Step 05
Receive Your Award
HMRC process your claim and grant the award (which can be a Cash Credit, A refund of Tax already paid or a Reduction in future Corporation Tax)
Do I qualify for R&D tax Credits?
All LTD companies, whether they make a profit or loss, can qualify. They have to show that they have developed new products or processes, improved existing products by making them “better” in a measurable way, diversified into new markets by extending their product range or more generally, overcoming real world uncertainties they didn’t know the answer to.
Am I an SME?
For the purposes of R&D, an SME is a company that has a turnover of less than £90m, Assets of less than £78m and less than 500 staff.
How long does a R&D claim take?
HMRC online states they will process 95% of all claims within 28 days of receipt. From time to time they have back logs, but on the flip side, some claims take as little as 2 weeks. The average time for our clients to receive their awards is 31 days
Can you work with our existing accountants?
Yes and it is encouraged. We offer a “start to finish” process and can submit the claims to HMRC on your behalf, but welcome the accountants input as they often hold the financial documents needed to fast track claims.
We have numerous accountants who use our services as a value add for their clients
We have numerous accountants who use our services as a value add for their clients
How much work is required to make a claim?
The more the better, but we appreciate that you have your day to day business to run.
We will request as much of the info needed during the first call and will contact you at the convenient times if we need more. We aim to publish reports within 5 days of the initial contact.
We will request as much of the info needed during the first call and will contact you at the convenient times if we need more. We aim to publish reports within 5 days of the initial contact.
How can I tell what sort of AWARD I will receive?
The type and amount of award is driven by your R&D qualifying expenditure and your profit or loss figure BEFORE taxation. As a rule, if you have a loss or a small profit, you will get a cash credit, and if you made a substantial profit, you will get a reduction in future tax (which 9 time out of 10 results in a refund of Tax already paid)