We use a thorough and continually improving process to deliver R&D tax credit claim swhich are compliant and stand up to HMRC scrutiny.
Our claim process usually follows our four steps EIPS system which is laid out below.
1. ELIGIBILITY- Discovery Call and Assessment (Your time – one hour approximately)
During the assessment, we will ask questions based on your R&D activities to see if they qualify for R&D tax relief.
2. IDENTIFY- Information Gathering & Cost Analysis (Your time – two-four hours)
During this stage, we delve deeper into information related to your R&D money spend in your business so that we can create the claim properly.
3. PREPARE- Creating Your Claim Your time (Your time-zero hours)
We will prepare the claim for you documenting your activities, the costs assessment and your total R&D tax credit benefit determined.
4. SUBMIT- Approval & Submission (Your time – one-two hours approximately)
We will share the report that we prepared with you and discuss our findings. We will then either file the R&D tax credit claim for you via CT600 (corporation tax return) or work with your accountant to do so.
After the claim has been submitted to HMRC, we will keep in touch with HMRC if they have any queries. In the unlikely situation of HMRC enquiry, we will work to resolve this for you.
Usually HMRC process claims and the tax credit within four-six weeks