RIFT R&D Tax Credits can help Membership Bodies add value for their members by enabling them to claim a reward for their innovations. The R&D Tax Credit is an often overlooked and widely misunderstood tax incentive scheme, and being able to hand any queries over to specialists well practiced in spotting R&D is a benefit your members will be grateful for
Only 4% of eligible businesses are making the R&D tax credit claims they're entitled to. Given that the average claim sits at an impressive £49,000 that's a lot of money your members could be missing out on. We're determined to improve these statistics, and with your help, we can.
By referring your members to us, we can:
Quickly and reliably work out if they have a claim.
Unearth every qualifying project and cost.
Build the claim ready to present to HMRC.
Fight your members' corner until their claims are approved.
Offer ongoing help, advice and support for future claims.
Our consultation is free so if your members are unsure as to their eligibility under the scheme, as is likely the case in such a niche area of tax, there's no harm in putting them in touch with us to find out where they stand. We're not pushy and we'll only encourage a business to claim if we're certain that it will be of benefit to them.
Together, we can:
Add a new area of expertise to the financial advice you offer.
Ensure your members understand the value of R&D Tax Credits.
Confidently maximise their claims.
Like you we understand that R&D Tax Credits are only an element of a company's financial strategy; if we think there will be any conflict with the other financial options available, such as grant funding, we'll help your members assess their options and together we can reach a decision that's best for them.
Membership Bodies Case Study
Steve Brawley, Chief Executive of The Joint Industry Construction Board
“The Joint Industry Board works with RIFT to promote R&D tax credits to our members. RIFT make an excellent business partner, they are flexible, they understand the nature of our industry, where people are busy and time poor and need straightforward and down to earth advice and support.
Most of our members were unaware of tax credits and RIFT put in the time and effort to support the JIB at a series of regional conferences to raise awareness.
A number of our members then used RIFT to help them with their R&D claim and were pleasantly surprised to discover that RIFT take care of the majority of the paperwork which is needed by HMRC and the process was fairly painless from their point of view.
Some significant rebates have now been paid into our members’ bank accounts and we continue to work with RIFT to build on the partnership because our members benefit from our relationship.”
RIFT's Partnership with BITA
To help meet our mission of making more construction companies aware of the R&D Tax Credit scheme to reward their innovations, RIFT is delighted to announce the start of a Platinum Sponsorship programme with the British and Irish Trading Alliance.
As one of the UK's leading Research and Development Tax Credits experts, RIFT can help unlock the full benefits of financial support for innovation in this sector. Innovation is the bricks (?) and mortar of construction, and R&D Tax Credits need to take their proper place at the forefront of industry thinking, planning and practice.
Paul Whitnell founded The British and Irish Trading Alliance (BITA) in 2012. BITA’s purpose was to focus on creating business opportunities for UK and Irish businesses, and in spite of Brexit with its challenges and changes, BITA’s focus and mission remains firmly the same.
“BITA is a not-for-profit membership organisation, and we live by our motto of being the ‘People who Know People that Help People.’ With our values of integrity, passion and honesty, our vision of BITA provides a wonderful counterpoint to the aggressive networking scene. We’re delighted to welcome RIFT as a Platinum Sponsor. R&D Tax Credits will form a vital source of recompense for our members in the excitingly innovative work that is sweeping through construction currently’ said Whitnell.
Jan Post, RIFT Chairman said ‘I’ve been attending BITA events for a numbers of years, and having admired their approach, wanted to get more involved. In partnership with BITA, we're putting R&D Tax Credits at the forefront of business planning and practice for their members.’
Getting the most out of your innovations has always been the key focus of RIFT R&D. It can be a rough road bringing your best ideas to life, and a lot hangs on getting the right financing at the right...