7 Shocking Truths That Reveal The Danger Of Using Your Accountant To Make An R&D Claim | Part 3
Are you already claiming for R&D Tax credits? If you are, are you using a specialist or your accountant?
You rely on accountancy firms to be open and honest with you, we know this is shocking information but the truth is that they’re probably not.
Increasingly, we’ve been made aware of cases where accountants are being taken to court due to negligence and not making their clients aware.
Accountants becoming reactive rather proactive when R&D experts step in
If you're using your accountant, are you aware of potential dangers? One of the biggest dangers is, if a claim is challenged by HMRC, it's you and your business that will receive the fines, not your accountant.
Using an account is the same as a GP vs a specialist. A GP has a wide range of knowledge, but to really get the very best treatment you would go to a specialist. You’d never ask your GP to perform surgery?
Here at Recoup, we go beyond the industry norms to ensure all our clients are safeguarded against, chief of which is that all our claims are made through our chartered tax advisers name.
#6 KNOWLEDGE IS KING
Our Intellectual property, combined with our experience of submitting claims since the scheme's inception, is invaluable for our clients. This is our key to maximising a clients R&D claim as well as ensuring HMRC guidelines are followed to a tee.
#7 IT'S ALL IN THE NUMBERS
Not only are our panel of 15 chartered tax advisers across the country enabling us to be able to service a client in any sector across the UK, but between them they have over 4000 successful claims. Working on the national average for R&D Tax Credit claims made, that's enough to buy everyone in Portsmouth an iphone!
So, now you’ve read parts 1>3, you’ve already got one-up on your competitors who still think using their accountants is a good idea, nicely done! Now we have got the ball rolling with this exclusive knowledge, it would be wise to continue this venture towards your unprecedented R&D Tax Credits claim and speak to one of our experts.
Our sole aim is to successfully get your business the R&D Tax Relief that it deserves, rewarding your innovation and alleviating costs over multiple areas of your business.
To unlock a higher level of rebate and to ensure you don’t get into trouble for making a claim, you do need a specialist to look at this for you. There are plenty of software applications out there at the moment and even accountants are saying they can complete this work.
Well, they may be able to, but they will not be able to maximise your claim and safeguard you against HMRC. I generally go by the rule; you get what you pay for. There are always corners we can cut, but there is then generally a price to pay.
So to maximise your R&D claim, please contact us.