With a massive 96% of qualifying businesses currently not claiming the R&D Tax Credits they deserve, there's never been a better or more crucial time to partner with RIFT R&D.
An average R&D Tax Credits claim is worth £49,000, and RIFT R&D has the expertise and experience to:
• Add real value to your service. • Unlock the hidden value of your clients' innovations. • Offer full training and support to both your clients and you.
Whatever your specialist area, teaming up with RIFT R&D Tax Credits as an accountancy partner or an introducer could seriously expand the range of services you offer. As an Agent, introducing your clients to us could mean a huge cut in their Corporation Tax liabilities, or a much-needed cash injection if they're making a loss. Whatever business your clients are in, if they're solving problems and streamlining processes they could have a valuable R&D claim.
Download our brochure for introducers and find out more about how we can work together.
Referring your clients to RIFT R&D means we can:
• Explore whether or not your clients qualify for the R&D Tax Credits scheme.
• Hunt down all their qualifying costs, projects and activities.
• Work with them to present the strongest possible case for HMRC
RIFT R&D works with a number of accountancy practices to help their clients claim R&D tax relief. Some refer the entire claim to us from start to finish, while others just ask us to test whether their clients qualify and write the report. We agree a working arrangement and fee, based on how much needs to be done.
Small Business Advisors
We work with small business advisors, from high street bank relationship managers to executive coaches and funding consultants. We cross-refer clients to get them the best help available, boosting our partner advisors' services in the process.
Independent Financial Advisors
IFAs invest their client’s money or advise on tax-efficient ways to protect future earnings. Referral fees from R&D tax relief give a welcome additional income and add a key service to their range of products and offerings.
Patent applications can be expensive and time-consuming, but businesses that apply stand a good chance of qualifying for credits for research and development. A tax refund can take the sting out of the patent process, so our patent attorney partners often refer their clients to us for help.
"As a Qualified Management Consultant I'm constantly looking at ways my clients can reduce their costs and improve their carbon footprint. One of my clients, an innovative UK manufacturer, designs and markets wearable health devices which repair damaged tissue and reduce pain. All their manufacturing is done locally to reduce carbon, there are no throw away batteries or attachments, and the product reduces hospital visits by over 50%.
I recommended that they look into R&D tax credits and appoint a company that would help them with their claim. In the last 6 months they have claimed back £26,000 from HMRC. The process was very simple and the money was deducted at source, reducing their Corporation tax. That extra, unexpected £26,000 enabled them to significantly grow their business and they are now planning a further grant support injection for over £100,000. Furthermore the business did not need to wait for their end of year before claiming the money as you can claim for the preceding two years on your first claim! If you think you won’t qualify for R&D tax credits, think again, you’d be surprised what activities and costs qualify. The company they used had a no win, no fee offer which was great for my client." Clive Bonney, Strategic Management Partnership
"We at Woodshires Business Solutions offer multiple specialist tax solutions to assist our clients reduce their tax liability. We have a number of preferred partners which carry out the work for us of which RIFT is one. Over the past 18 months or so they have assisted our clients with Capital Allowances and Research & Development Tax Credit reports and claims. Both ourselves and our clients have been very impressed with how RIFT have handled all the reports and claims. They have been very efficient and work positively with HMRC to help with the clients needs.
The reports and values found have been in the higher end of our expectations and have never resulted in any HMRC issues. We will be working more with RIFT in the future as they grow their products and services." Stuart Wood, Woodshires Business Solutions
We Value Your Recommendation
Many professionals recommend RIFT Research and Development to their clients for their R&D tax credit claims, and it's easy to see why. When a client gets first-class service, everyone benefits. That's why we put together our RIFT R&D referral scheme, which gives you a commission for every client you send us who makes a successful R&D claim.
Here's How It Works
• The client pays a percentage fee, based on the eligible tax credits identified and claimed. • Our experts make up a tax credit report, to be sent be sent to HMRC by the client's accountant. • Once the report's been accepted by HMRC, we invoice the client and give you a commission as a referral fee.
How do I find out more?
R&D tax credits are a vital incentive and reward for innovators, but far too few businesses even realise they can claim them. Call RIFT R&D today on 01233 653008 or contact us and see how we can help you.