Research and development tax credits are often worth tens, if not hundreds of thousands of pounds. It is essential that you choose the right adviser who can support you throughout the process, optimise your claim and give you the greatest chance of success. It doesn’t matter if you are a first-time claimer or have claimed R&D tax credits for years, you should consider all of these points to ensure you are putting your company in the best position to succeed.
There are many forms of adviser who you can engage to help with your claim, and there are several factors you should investigate and consider thoroughly when choosing which one.
Are they Chartered Tax Advisers (members of the Chartered Institute of Tax)?
Chartered Tax Adviser status is regarded as the gold standard of tax qualifications in the UK. HMRC will expect your adviser to know and understand the tax legislation, so it is vitally important that you choose someone qualified in this area.
At Lime R&D, we only employ specialist Chartered Tax Advisers to prepare our clients’ claims – no gimmicks, no compromises. Our clients know that their R&D tax credit claim is in safe hands.
Many R&D tax credit consultants prepare the calculation and then hand it over to you to arrange submission and to work out the best way to integrate the claim into your tax return.
Lime R&D are different as we handle the whole process in house, from initial consultation, determining the optimal strategy to maximise cash back, to submission and handling any queries from HMRC.
This experience is vitally important to improving your chances of success. Would your adviser know exactly what evidence is required to support your claim, and crucially how this should be presented to maximise acceptance? If this is not done correctly you are risking an HMRC investigation and potentially having your claim challenged. You do not want to be in this situation.
In addition, inexperience can lead to a lower value claim. Are they aware of all the indirect activities which can validly be included in your claim?
All claims undertaken by Lime R&D receive a single point of contact, who will be there to support you throughout the whole claim process.
Some advisers may not assist you with the enquiry unless they are able to charge an additional fee. This is an important consideration, as this can quickly become very expensive.
Others may encourage or insist that you purchase their tax investigation insurance policies.
Lime R&D is different. Our proven claim methodology is designed to withstand HMRC scrutiny. We are so confident that we defend any claim selected for review. This is all included in our fee – we do not seek to charge you any extra for this.
Claims are prepared risk free at Lime R&D, if you do not receive a benefit then we won’t charge you anything.
There are no minimum term contracts and you won’t find any upfront or hidden fees in our contract. We trust that our staff will prepare a successful claim and that the service will ensure that you will want to work with us again.
The R&D Tax Credit Specialists
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