Why are a growing number of accountants opting to work with a specialist R&D Tax Credit advisory firm?
With an increasing number of accountants across Northern Ireland and the UK working with us, let’s take a look at the benefits of working with an R&D tax advisory firm such as Momentum.
The current state of play
As most accountants are aware, the UK Government’s R&D Tax Credit incentive is designed to stimulate innovation by encouraging companies to invest in research and development. Locally, however, the scheme is still massively under-claimed with Northern Ireland the lowest performing region in the UK.
At Momentum, we know that you want to achieve the best possible outcome from your clients’ R&D Tax Credit claims. By working with us – a locally-founded specialist R&D tax advisory firm - many accountants have significantly increased their clients’ bottom line and added real value.
Feedback from accountants already working with us indicates, in the majority of occasions, that their clients are often neglecting key activities that could be claimed.
The main reasons that more accountants are switching on to the benefits of working with a specialist R&D tax advisory firm are access to specialist expertise to rigorously identify all qualifying R&D activities, vast savings in time, reduced risk and tax credit success for their clients.
Specialist expertise with no risk to client relationships
Unlike any other firms providing R&D tax relief advice, we specialise solely in the Government’s R&D Tax Credit initiative. We do not offer any other accountancy services and your clients’ claims are submitted by you, ensuring continuity and no dilution of your fees.
Momentum’s technical analysts have front-line expertise and knowledge of the legislation across all sectors from construction, engineering and environment to food & drink, manufacturing, pharmaceuticals and everything in between.
Our team of R&D experts is made up of specialist business consultants, technical analysts and R&D finance experts. This specialisation means that what is normally perceived by accountancy firms as a highly technical and time-intensive investigation is significantly streamlined.
Vast savings in time
The good news for accountants is that you don’t have to identify your client’s R&D activities.
The Momentum 90-10 Principle is simple. Our specialist advisors do 90% of the work, so you don’t have to. What’s more your client inputs just 10% to discuss potential R&D activities.
Our simple five-step process puts the technical analysis and preparation straight into the hands of our team of experts. We let your client know what information is required and when, saving yourself and your client a vast amount of time.
Momentum’s technical expertise helps accountants and their clients ensure that they do not inadvertently include activities that do not qualify and could put their claim in jeopardy of further scrutiny, potentially fail or attract penalties.
We are represented on HMRC's consultative committee and employ ex-HMRC tax inspectors. Our team also has extensive experience of working with accountants to prepare HMRC compliant reports and full supporting documentation.
All claims are on a ‘no-win, no-fee’ basis and are only submitted on established facts.
100% R&D Tax Credit success
stablished in 2009, Momentum is the only advisory firm in Northern Ireland that specialises solely in R&D Tax Credits.
The results speak for themselves. Momentum has examined hundreds of companies in Northern Ireland, identified eligible R&D activities for each and have achieved a 100% success rate - ranging from tens of thousands to six figure sums.
Partnering with us to apply a technical, proven methodology to the R&D Tax Credit process, you are guaranteed to achieve the optimum benefit for your clients with none of the hassle!
To find out more contact Momentum MD Tom Verner on 028 9140 4030 or email email@example.com