R&D Tax Credits – Client Success Story

Industry Sector: Packaging

An Accountant partners client referral for an R&D Tax Credit claim was wrapped up in no time.

Client Profile: £6.2m turnover & 55 employees

Background: Having previously being approached directly by another service provider, this client was referred to Innovation Tax by their accountant (an ITS partner) who suggested they sought our advice. Our technical specialist visited the client to assess their R&D activities and, within 16 days of the introduction, the claim was successfully submitted to HMRC and a tax refund repaid within three weeks. The delighted client commented “This very welcome cash boost for the business will allow us to invest further towards our innovation goals.”

R&D Tax Credit received:  £84,000
Client Feedback:

“This very welcome cash boost for the business will allow us to invest further towards our innovation goals.”

Insight

Why Accountants work in partnership with Innovation Tax
The accountant is the clients’ most important adviser who understands their intricacies and uses this knowledge to provide valuable professional advice. Furthermore, clients rely on their accountants to inform them of the incentives available to maximise financial return and to mitigate tax liabilities. Our Working In Partnership programme is individually tailored to suit each Accounting firms’ specific requirements. Although the majority of our accounting partners choose to utilise our pillar-to-post claim management service as it leaves them free to focus on other client priorities, others simply rely on us for our expert consultative advice. Our unrivalled methodology is designed to deliver the best experience and outcome for your client, with the minimum of effort on their part. By partnering with us, the specialist knowledge that we possess in this niche area allows accountants to ensure their clients continue to get the best advice and service available. We offer full flexibility in how you choose for us to work together so you can be sure that, whether it’s providing free consultation advice to helping your clients access funding for their project activities, Innovation Tax Specialists are your partner of choice.
Accountant Partner Testimonial:Our clients are delighted with the financial benefit they receive and tell us that Innovation Tax is always happy to invest time with them, have a good understanding of their business, and are extremely professional and efficient. I would recommend other accountancy practices to get in touch with Innovation Tax if they are looking to deliver a superior R&D Tax Credit service.” Watergates – Chartered Accountants and Auditors

HOW CAN WE HELP?

Innovation Tax prides itself on the knowledge and experience of a team consisting of R&D claim technicians, sector specialists and tax professionals who can expertly help our clients to identify all qualifying activities and eligible costs and submit a robust, fully maximised claim, that will stand up to HMRC scrutiny.

Start the conversation with a complimentary, no-obligation discussion.

Innovation Tax specialise in helping companies access vital funding and tax incentives to enable their businesses to grow, increase profitability, reduce risk and enable further investment in R&D and capital investments.

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