Want to know more?

Working with an R&D tax advisory as an accountancy partner

Back
Author: Tom Mason

R&D tax is heading into a period of stability and growth as the Government pledges investment in innovation – making this the ideal time to revive or introduce R&D tax as a service!

Following the 2024 Autumn Budget, in which the Chancellor pledged a continuation of the scheme coupled with targeted funding, R&D tax claims look set to rise in the coming years.

We appreciate that shifts in the legislation, including HMRC’s compliance crackdown, have caused many accountancy firms and tax teams to be concerned about offering R&D tax as a service.

However, the market for expert R&D tax support is growing, so this is the time to embrace these changes and offer a helping hand to your clients.

Supporting clients

To manage this and claim successfully, businesses are going to need support from their accountants.

With fewer practices offering this service, this is an excellent opportunity for you to fill a gap in the market and meet the needs of your clients.

It is also a great way of streamlining your clients’ tax work and tax return preparations, and retaining R&D-intensive clients.

Working with an adviser

We know that outsourcing any part of your firm’s services to another team can be a challenge, which is why we have worked alongside our accountancy partners to develop a service based on transparency, integrity and strong, non-competitive relationships with clients.

Our team can go through an initial discussion session with you and find out more about your needs and those of your clients.

We can use this information to build a bespoke advisory service that puts the right expertise at your fingertips.

In comparison with bringing someone in-house, a specialist advisory service can deliver:

  • Flexibility to work on one claim or fifty, depending on the needs of your clients
  • Expertise built up over diverse careers
  • Sector-specialist advice
  • A relationship led by you

You will have the option of referring clients directly to your adviser or passing on our expertise to your clients yourself.

This flexibility is designed to help you offer a first-class R&D tax service without the costs of bringing someone in-house – with expertise from identifying eligibility to managing HMRC investigations.

Want to take your R&D tax service to the next level? Contact our team today.