Since February 2014 Fiscale has built a highly successful R&D Tax Credit advisory business. We have developed five Partners along the way and have been able to road test the plan, the systems, the operational processes, the communications and most importantly the training programme.
The business model gives us the opportunity to handle new business and client management at a local level – wherever our clients are based. And it works. 40% of our new business comes through the Partner network. It is now tried and tested.
We have the right people in place, a talented and committed team of tax experts and administrators, to support further growth within the business. Investment in robust internal systems and processes enables efficient management of the R&D tax credit claim, from start to finish.
Fiscale has a strategy to expand the Partner network over the next three years.
To support our own clients and those of our partner, Fiscale has developed a sophisticated ‘All through Business Process’ mapped to its HUB CRM software. The process has over 8060 stages from the initial identification of a Lead or Prospect, through researching and submitting the claim, and tracking fee invoicing to the client and subsequent payment. The system then rolls back to the early stages and starts to process the second or subsequent claim.
The HUB, which is used by the whole company, including partners, increases productivity and removes the manual aspect of progress-chasing the minutiae of a successful claim.
Your responsibilities as a Partner will be to identify and engage UK businesses, who may be eligible to claim R&D tax credit on their research and development activities.
The biggest challenge of the R&D Tax Credits scheme is to convince business owners that R&D Tax Credits is not ‘too good to be true’ or that by making a claim, the business will come under unwanted scrutiny from HMRC. Once these objections have been overcome most business owners cannot believe why they did not make a claim earlier!
The main focus of your Partner role is to educate businesses to the benefits of R&D tax credits. Once you have identified that they may be eligible and they have agreed to proceed, the claim is passed over to our specialist technical team to process.
Whilst a running a Fiscale Partner office is very definitely your own business, you will be treated as a part of the Fiscale team. As a result, you will receive ongoing support to do the job efficiently. You will also be invited to attend regular company meetings and social gatherings.