R&D Tax Grant Service
Discussion
Guys after looking into this and the effort involved v reward I decided to use a “facilitator”.
I chose one that’s a bit more expensive but does all the work and extracts the information via an interview technique.
They look at all our projects and decide what to progress with - surprisingly most of them.
They submit and defend the application and only charge on completion in fact 60 days after.
I can’t fault the approach or contract and the 25% commision is fair enough (75% of something or 100% of nothing)
Anyone interested drop me a pm for the guys details.
I chose one that’s a bit more expensive but does all the work and extracts the information via an interview technique.
They look at all our projects and decide what to progress with - surprisingly most of them.
They submit and defend the application and only charge on completion in fact 60 days after.
I can’t fault the approach or contract and the 25% commision is fair enough (75% of something or 100% of nothing)
Anyone interested drop me a pm for the guys details.
Jockman said:
A lot of firms in this game, Dave. Wilson Henry in Liverpool even have the claim on their email strapline.
Or you could go with McEwan Wallace if you like lube....
All contracted up, very happy.Or you could go with McEwan Wallace if you like lube....
Just in process of changing accountants to McEwans after disasterous flirtation with low cost accountancy, I’m happy to pay them just to feel I’m not the most qualified accountant associated with the company.
Jockman said:
I was with Alastair nearly 20 years ago. Top bloke, just like his brother.
Very surprised he still does Accountancy as he was moving into more of a business consultancy arena.
Overkill for someone under £10m turnover IMHO but it's your money so do what you like.
I got a great deal, everything covered inc personal and wages for 1-2% of monthly t/o after having to resubmit our year one accounts I’m happy to pay it. Very surprised he still does Accountancy as he was moving into more of a business consultancy arena.
Overkill for someone under £10m turnover IMHO but it's your money so do what you like.
EddieSteadyGo said:
This is interesting as it is something I wasn't aware of.
I spend quite a bit getting bespoke/complex software tools developed, some of which might quality.
Just looking on google, it seems you can claim in theory 130% of the qualifying costs in addition to the actual cost spend which is already an allowable expense. So, lets assume you had £50k of qualifying costs and with corporation tax being 19%, that would mean (£50,000 x 1.3) x 0.19 = £12,350 reduction in corporation tax. Have I got that right?
Would also be very interesting to know if you can share any examples which you were thinking might not qualify but the experts were happy to include.
Your over thinking it, just let them earn the cash and do the work, they will wring every last £ out of it legally so you can only benefit.I spend quite a bit getting bespoke/complex software tools developed, some of which might quality.
Just looking on google, it seems you can claim in theory 130% of the qualifying costs in addition to the actual cost spend which is already an allowable expense. So, lets assume you had £50k of qualifying costs and with corporation tax being 19%, that would mean (£50,000 x 1.3) x 0.19 = £12,350 reduction in corporation tax. Have I got that right?
Would also be very interesting to know if you can share any examples which you were thinking might not qualify but the experts were happy to include.
I looked at 3 companies the one I chose is big, fair and impressed me.
PM if you want the guys info
sleepezy said:
DSL - see if you can get the fella to give you and intro fee / commission - I've agreed one with the guy I used (which I always disclose to my clients) - can add up for very little effort 
One of our clients uses his accountant and had £150k plus last year, I have referred him to the new company but didn't think to ask for an affiliate bounty - maybe I will. cashmax said:
I really don't understand why most firms would need a specialist for this.
I was able to submit claims for the maximum amount, very easily and without spending weeks on it and have been able to continue to do this for more than a decade.
It's not rocket science.
I wasn’t aware of a maximum amount? I was able to submit claims for the maximum amount, very easily and without spending weeks on it and have been able to continue to do this for more than a decade.
It's not rocket science.
jonamv8 said:
We are entitled to these R&D tax credits and inundated with firms offering their services. Its all no win no fee type of stuff BUT my concern is your awarded it, pay the fees and then 12 months down the line HMRC try to reclaim it and your back in the trenches incurring more fees and the original company are long gone.
That’s why I chose the company I did, no other company could demonstrate a successful track record of this aspect which I know is the kicker hence I did my Due Dilbucksmanuk said:
I can vouch for this….
I have my own 3-D printer for ideas and possible patents. It wasn’t cheap, so I wanted my VAT back, easily done, and some R&D tax credit if possible. A patent agent wasn’t cheap at £825 for an afternoon’s visit either. This is a decent slice out of a one-man band operation.
I went to the accountant’s offices to sign off year end accounts and raised the total lack of any evidence on a line somewhere towards R&D tax credits. Or at least some evidence that they had attempted it. Nothing. Zilch. Nada.
Despite never having done this work for any other clients of theirs at any time (their words) - They didn’t think it was possible for me and the business, so that was that in their eyes, nothing.
So that was the final straw for my business with them, difficult as one of the senior partners is a family friend.
New accountant said, “it’s not a field I’m familiar with but that doesn’t mean I can’t get someone more experienced to look at it”. So that’s underway now. He also saved me £2k+ on my personal tax bill.
If it’s possible to go back a few years, I’ll be getting the new accountant to investigate again.
PM me your email I’ll get the guy who did ours to give you a shout.I have my own 3-D printer for ideas and possible patents. It wasn’t cheap, so I wanted my VAT back, easily done, and some R&D tax credit if possible. A patent agent wasn’t cheap at £825 for an afternoon’s visit either. This is a decent slice out of a one-man band operation.
I went to the accountant’s offices to sign off year end accounts and raised the total lack of any evidence on a line somewhere towards R&D tax credits. Or at least some evidence that they had attempted it. Nothing. Zilch. Nada.
Despite never having done this work for any other clients of theirs at any time (their words) - They didn’t think it was possible for me and the business, so that was that in their eyes, nothing.
So that was the final straw for my business with them, difficult as one of the senior partners is a family friend.
New accountant said, “it’s not a field I’m familiar with but that doesn’t mean I can’t get someone more experienced to look at it”. So that’s underway now. He also saved me £2k+ on my personal tax bill.
If it’s possible to go back a few years, I’ll be getting the new accountant to investigate again.
Gassing Station | Business | Top of Page | What's New | My Stuff