HOW TO CLAIM
Steps to our tailored process for R&D tax credit claims
STEP 1
Eligibility evaluation
A free, no-obligation, exploratory conversation with our specialist team to determine whether or not your company qualifies. This is easily established either in person, on the phone or via email. If you’re a limited company and have spent time and money engaged in R&D activities, then it’s highly likely that you have a claim.
STEP 2
Getting to know you and your business
We will then arrange to come and visit you, not just to get the lowdown on your business, but to introduce ourselves and demonstrate our commitment to your company. We pride ourselves on our personalised service and we don’t believe it can be delivered via a few telephone calls.
STEP 3
Data gathering meeting
Prior to the meeting we will provide you with a couple of fillable PDF’s. One asks for basic information about your company, staff and accounts and the other asks you to provide details of where you believe you have undertaken R&D. These forms can be modified by you and us, both during the visit and after we leave, to ensure all the projects we have identified as eligible are correct.
STEP 4
Comprehensive reporting
After reviewing the data we will send you a draft of the report, which details the projects we have selected for submission to HMRC and a calculation of your total R&D tax benefit. Once this is signed off by you we submit the report on your behalf and conduct all future correspondence with HMRC. If there are any inquiries opened by HMRC we will resolve these for you at no extra cost.
STEP 5
Collect your payment
A typical claim takes between four and six weeks to complete and the credit is paid directly into the nominated bank account. If your business is profitable your overall Corporation Tax bill will be reduced, or if you have already paid your bill for the period, you will receive a repayment. Alternatively, if you made a loss for the period, you will receive a cash credit.