R&D Tax benefits
RandDTax offers a specialist R&D consultancy service that is totally independent. R&D consultancy is their sole specialism. They have helped with over 5,100 successful R&D claims, this has generated over £129 million for their clients.
Clients have a key relationship directly with their allocated consultant, but can benefit from the knowledge and experience of their many business partners operating within the firm. All the shareholders are involved in the day to day operation of the business and a first-class service is their focus.
Tax is a serious matter and they take ethics seriously. The R&D scheme is a privilege to work with, the companies that benefit from its existence do so at the discretion of the government. With that privilege comes a responsibility to claim within the rules. Ethical standards and compliance processes are therefore crucial to any form of R&D consultancy.
R&D believes in more than their own bottom line. They run two schemes which help give back. Free first year trading R&D claim consultancy for start-ups, and microfinance investment for the economically disadvantaged.
We would like to introduce RandDTax
They are an award-winning tax consultancy who won the SME National Business Innovation Award in 2017, due to their highly effective and responsive business model. However, they are more interested in helping their clients flourish than winning awards.
"Our 100% focus is helping our clients gain the R&D tax benefits they are entitled to"
RESEARCH AND DEVELOPMENT TAX CREDIT SPECIALIST
“I’ve been a shareholder and Regional Director with RandDTax (RandDTax is the trading name of Terry Toms and Partners Ltd), since Terry Tom’s founded the company in September 2012.
I come from a Dorset farming family, although I’ve been London based for most of my career, which has spanned the charity, public and private sectors; including managing large scale government and EU funded regeneration programs and providing business advice to the founders and directors of Small and Medium Enterprises (SMEs). It has been a pleasure to be able to bring this wealth of experience together in working with our SME clients in RandDTax.
In the seven years since RandDTax was established, I have personally assisted well over 100 companies to make successful R&D tax credit claims. RandDTax has gained in excess of £112 million for more than 1,100 companies, most of which are SMEs. The average benefit for an SME client is around £45K, although the range could be anything from ten thousand to several hundred thousand pounds per company, per year.
The challenge for a lot of companies and their advising tax accountants, is finding out about R&D Tax credit/relief and once they do, understanding what qualifies as R&D, what the cash benefit will be and how to make an effective claim. To address this lack of awareness of what is an excellent UK Government incentive scheme, we have created a range of materials and educational programs for both SME founders/directors and accountancy firms.”
Particular areas where Linda / RandDTax can assist:
- For accountancy firms:
- Provide a free R&D tax credit workshop, onsite for you and your staff.
- Partner with you to enable you to offer your clients a specialist R&D tax credit/relief claims service.
- For SME founders/directors:
- Deliver an initial free R&D tax credit qualification audit and scoping exercise.
- Provide a comprehensive ‘no win no fee’ R&D tax credit/relief claims service.
- Provide bespoke consultancy and support where HMRC has opened an Enquiry into an R&D claim.
"I would be delighted to explore in more detail how I can assist you with understanding or benefiting from the UK Government R&D tax credit/relief schemes."
Particular areas where Linda can assist include:
There may be different considerations for individuals assigned to a country for several years compared to the need of individuals assigned for a few months, with different levels of remuneration, benefits and support; Gill can advise on the best course of action for each group.
As well as dealing with the personal tax aspects of working overseas, Gill can also assist employers with agreeing specific payroll procedures with HMRC to make the operation of the UK payroll as smooth and pain-free as possible. In addition, she has expertise in determining the correct social security treatment of an individual’s move into or out of the UK, whether for a short or long period.
Research and Development Tax Relief and Tax Credit – commonly referred to simply as R&D tax credit is a UK government incentive scheme designed to reward innovative companies by giving them additional funding via the UK tax system.
Companies of all shapes and sizes can benefit, but the scheme is not as well known or well understood as it should be, which means some companies are missing out on the benefits.
The following video will give you an overview of what R&D tax credit is, and what qualifies, so that you can check if you or someone you know could be benefiting from this billion pound support scheme.
If you have questions or want to check if you qualify:
View our offices in London and find the contact details for your nearest office.
Drop us a line
You can contact us by sending us an email or calling us directly.
Learn more about us and find resources that will help you with all of our products.