Working with accountants to become their virtual R&D Tax Credit experts
Here at Fiscale, we are not in competition with accountants, as our business is focussed solely on R&D Tax Credits and the Patent Box. As a result, we work in partnership with many accountants, as their trusted advisors in this highly specialised area of taxation. Therefore, by giving them access to our specialist expertise, accountants can offer the very best advice relating to R&D Tax Credits. Resulting in us being able to add real value to the services that they have to offer.
Research and Development (R&D) Tax Credits – an Accountant’s Perspective
As specialists in the areas of R&D Tax Credits and Patent Box claims, we are working with businesses and HMRC on a daily basis. As a result, our team understands the nuances of technological and scientific uncertainty, because it is all we do.
Our experience means that we know what will satisfy the requirements of HMRC, but more importantly, how to interpret their guidelines.
Therefore, by using a specialist R&D tax advisor, this means that claims can generally be researched and submitted more quickly. At Fiscale we are able to research and write our detailed report in an 8-12 week timeframe. We have a team of R&D tax specialists and have developed bespoke IT systems to enable us to achieve this turnaround time. HMRC typically take 4 weeks to process the claim.
In over 50% of all cases when we have reviewed a prior-year claim, we have been able to identify additional allowable R&D expenditure. This results in an increased value of the claim for the client.