By now, you will have hopefully felt the benefit of R&D tax relief claims, as they have helped to fund the innovations you are achieving.
There are plenty of companies conducting R&D in the UK and many are either not claiming R&D tax relief claims or are not getting the true value.
We recently observed that half of R&D tax relief claims have issues, so we want to highlight the importance of working with a trusted R&D tax consultant.
Why are referrals important for R&D tax relief claims?
We have long made it our mission to improve the quality of R&D tax relief claims by submitting fully compliant, maximised claims that reward innovation.
We know that the reputation of R&D tax relief claims has not always been good and it is only with the efforts of reputable R&D tax consultants that the perception can change.
As a business, you likely understand the weight that reviews and referrals can have on improving access to a wider range of clients.
We want to work with more businesses to provide better R&D tax relief support, cut down on erroneous claims and remove the stress of enquiry defence.
Where your business has benefited from working alongside us, we would ask that you share your experiences with other innovative companies so that they may also experience enhanced R&D tax relief support.
Why are better R&D tax relief claims better for everyone?
A lot of the reforms made to R&D tax relief claims have centred on compliance and improving the process of weeding out fraudulent and erroneous claims.
While that has been welcome and effective in improving the state of R&D tax relief claims, we would want to see changes to the system that go beyond just improving the quality.
If there is a reduction in error and fraud, then there might be more potential for R&D tax relief claims to become more generous, particularly if the Government see them as a vital tool for funding innovation.
Poor R&D tax relief claims hurt everyone as they demean the value of the scheme and make innovative businesses wary of engaging.
Missing out on potential funding could hurt innovation in the UK as businesses struggle to keep up with their global competitors.
R&D tax relief is demonstrably good for the UK and for the businesses that submit valid claims, so we want to encourage a widespread adoption of the scheme where it is appropriate to do so.
As such, we would kindly request that you spread the word of the benefits of working with a trusted R&D tax consultant so that we can continue empowering UK innovation.
In the meantime, we are fully committed to making sure your R&D tax relief claims are fully compliant and cover the full scope of your qualifying expenditure.
If you are ready to get started with your next R&D tax relief claim or want to refer a fellow innovator to us, get in touch with our team today!
