AI International Finance Awards 2017

Acquisition International - International Finance Awards 2017 9 Best in R&D Tax Credits 2017 randd uk limited Since 2008, the company has worked with clients from a range of sectors as qualifying research and development activities can be found in any industry. For example, engineering, technology and science industries commonly undertake R&D work on a regular basis but any company can claim for: an advance that overcomes existing uncertainties; improvements to strengthen efficiency or meet new legislation requirements; a breakthrough that is not currently achievable or available. So what are R&D tax credits? Essentially R&D tax credits are cash rewards for businesses who undergo work to innovate in any sector. The R&D Tax Relief Scheme was introduced by the government in the year 2000 as a specific tax incentive to encourage UK companies to invest in research and development (R&D), allowing innovation to grow in the United Kingdom. With the service of randd uk, R&D tax credits are paid out by HMRC to UK companies that are working on ‘eligible R&D investment activities’. The scheme is available for both SMEs and large companies which are determined by size, turnover and balance sheet value. Rewarding innovation is randd uk’s mission as the United Kingdom is a world leader in research and development, yet the company faces difficult challenges that cause many businesses to miss out on R&D tax credits! The biggest difficulty is convincing UK businesses that they can claim a large cash payment from HMRC without risk as randd uk do not charge any up-front costs, expenses or accountancy / administration fees; only a small percentage is deducted once a successful claim has been approved. Overcoming this scepticism is known as the randd uk REALITY CHEQUE, where a new client suddenly realises they have a successful R&D tax claim. Many are unaware of the scheme or lack the knowledge of recognising qualifying R&D activities; even a large proportion of accountants have limited knowledge in this area. randd uk have a qualified team of R&D tax credit specialists who can instantly recognise an eligible claim and have experience of dealing directly with HMRC to achieve the maximum pay out for their clients. Like many other companies in the UK, randd uk face a degree of uncertainty with Brexit as the funding for the R&D Tax Relief Scheme historically came from the European Union. Having said this, politicians across all the major parties recognise the importance of research and development in their manifestoes. The future looks bright for Based in Derby, randd uk specialise in claiming R&D tax credits for businesses across the UK. We profiled the firm to further explore the secrets behind its success. FN170026 Great Britain as the country push for creation and innovation, becoming industry leaders for research and development. With 100% success rate of all claims submitted, randd uk pride themselves on excellent customer service as the majority of clients are secured through referrals and accountant recommendations. randd uk have highly experienced R&D tax consultants located across the country who have senior industry-specific knowledge covering a wide range of sectors. The team’s success is matched by randd uk’s impressive financial figures with an average first claim of over £55,000 for new clients and a total of over £65 million claimed back in R&D tax credits to date. randd uk is a friendly, close knit team with excellent communication skills which are strengthened through regular social events and team building GRANDD DAYS OUT. As a team, randd uk work together throughout the process of claiming R&D tax credits on behalf of a client, from crunching numbers and writing reports to communicating with HMRC and arranging payments. The firm’s excellent customer service is noticed by clients. The company’s success has enabled rapid expansion with new talents employed in marketing, administration and R&D management departments. randd uk have also invested in Trainees through practical work experience and studying to become fully chartered accountants and accredited R&D Tax Consultants. Further expanding the company, randd uk are attending various events in the upcoming months such as the SME 2017. Held at the Birmingham NEC on the 3rd & 4th October 2017, randd uk will be exhibiting on stand E8 and Phil Tooley, a randd uk R&D Tax Consultant, will be speaking about how to grow small & medium enterprises with R&D tax credits in the Finance Theatre on day 2 (4th Oct) at 10-11am. The company is returning to the NEC on the 1st & 2nd of November for the Advanced Engineering show (stand O36) and Phil Tooley is presenting at the Food & Drink NPD Innovation Summit on the 7th November 2017 in the Ricoh Arena, Coventry. Eager to spread ‘reality cheques’ to as many UK businesses as possible, randd uk are preparing to meet potential new clients and are looking forward to hearing about company research and development activities. Contact Email: [email protected] Address: Judges Court, The Old Courthouse, St Peters Churchyard, Derby, DE1 1NN, UK Phone: 01332 477 070 Website: www.randduk.com