Should you use your Accountant or an R&D Specialist?
Understanding the financial complexities of running a successful business is essential to continued growth and sustained performance, so it pays to have access to the very best knowledge and experience. When it comes to research and development tax credits, meanwhile, bridging the gap between basic understanding and full expertise on the intricacies of claiming can prove the difference between success and failure.
It is thus an often asked question among business owners whether they should put their trust in a regular accountant – or accountancy firm – or decide to work with R&D tax specialists. We take a look at why R&D tax specialists are able to deliver a level of service otherwise unavailable.
Why use an R&D Tax specialist?
At R&D Tax Solutions, we understand the issues surrounding R&D tax claims and, while regular tax accountants are conscious of the demands of making a claim, we believe that working with similarly experienced experts is vital. After all, the day-to-day responsibilities of accountants are manifold, with the need to possess knowledge across a broad field of subjects meaning that specialising in one area is all but impossible.
With an R&D tax specialist, you can put your confidence in experienced professionals that have developed advanced knowledge of the complexities of this notoriously difficult field.
What an R&D Tax specialist provides
A key ability of R&D tax specialists is one that may seem the simplest: identifying where and when a suitable claim can be made. It’s long been the case that many companies don’t even realise that they meet the necessary criteria to claim and as such miss out on the many benefits of the scheme. Whether your business engages in medical or scientific activities, develops innovative software, or even embraces technology for the benefit of your clients, a qualified and experienced specialist will be able to identify the likely success of any claim.
In addition, an R&D tax specialist will be quick to determine the full scope of the qualifying activities for your business and take the lead in preparing a justification document in order to submit for your case to claim. Such a task benefits from an understanding of HMRC guidelines and will save you time and resources in compiling a document that meets the criteria and adheres to any of the latest developments within R&D tax.
Find out more on R&D Tax specialists
Technical knowledge in relation to R&D tax goes a long way to ensuring your claims are successful, so by working with a specialist in the field, you can approach making a claim with greater confidence. At R&D Tax Solutions in Manchester, we can provide your business with the advice and professional services you need to successfully make an R&D tax claim. Contact us today on 0161 298 1010 for more details.
