Tax Relief Credit Consultant London

Need help claiming R&D tax credits? Our director, Simon Bulteel, is a Research and Development tax-relief expert, together with the rest of the team we are able to offer advice and professional help to businesses in London and across the UK.

 

This specialist area of tax credits for R&D, scientific and Technological advances is incredibly complex and there is still a chronic lack of awareness in business about the R&D tax credits available. Claiming full tax relief entitlements can have a significant impact on a business’s ability to fund future product development.

Simon has helped numerous businesses in London to investigate the scope of their R&D work, providing guidance on claiming tax credits for qualifying projects. He is able to recognise and scope valid projects and offer practical interpretation of HMRC’s technical rules and regulations.

We will work with you and your team to ensure you understand the qualifying conditions, help review the technical aspects of qualifying projects, and produce draft justifications for submission to HMRC.

What is R&D Tax Relief?

The R&D Tax Relief Scheme was set up by the government in 2000 to reward innovation and fuel business growth. R&D Tax Credits are a valuable resource to businesses to invest in and accelerate research and development opportunities and ensure business growth.

Businesses that spend money developing new products, processes or services, or enhance existing ones, are eligible for R&D tax relief. The R&D Tax Credit can be claimed as a cash payment in the event of a tax loss in the financial year, or if the company is profitable, as a reduction in corporation tax.

What costs qualify for R&D Tax Relief?

Qualifying expenditure for any R&D Tax Relief claim includes:

  • Employee costs, such as gross salaries, employer NI contributions, pension contributions and certain reimbursed expenses
  • Freelancers and subcontractors
  • Consumables, such as water, fuel and power that is consumed or transformed during the R&D process
  • Software
  • Payments to the subjects of clinical trials

Services

Cooden Tax Consulting can assist with all areas of R&D and Technology Tax Reliefs. Services include:

  • R&D Tax Relief (the SME scheme and RDEC (Research & Development expenditure Credit)
  • Video Games Tax Relief
  • Patent Box
  • Proofreading Claim Reviews
  • Tax Enquiry Support

Why choose Cooden Tax Consulting?

Cooden Tax Consulting are a small but long established and successful R&D tax credit consultancy firm assisting a wide range of businesses to maximise their R&D tax credits. To date we have submitted claims in excess of £11m for a wide spectrum of businesses, with a 100% success rate.

The area of R&D Tax Relief is highly specialised and is therefore not comfortably covered by most accountancy practices. Simon Bulteel and the team at Cooden Tax Consulting have the extensive knowledge and experience required to guide any business through the complex legislation of Technology Tax Reliefs.

Simon will work collaboratively with you and your appointed accountant to calculate, validate and complete an R&D tax claim. He has helped numerous businesses across the UK navigate the complex legislative process and make successful claims.

Simon and the team have an outstanding reputation, the proof of which can be seen in our testimonials here.

R&D Tax Credit Success Stories

Case Study - Icon Solutions

 

The Client

Icon Solutions, based in Wimbledon, London, is an IT consultancy firm for financial services companies. They specialise in the payments industry and work with many high street banks.

As well as their own product development, they design solutions for complex banking technology challenges across the payments value chain. www.iconsolutions.com

The R&D Project

Most of what Icon Solutions do fits the R&D tax relief scheme since it is pushing the boundaries of what you can do with technology

Their complicated IT solutions include integrations with back end payment systems, for BACS and Faster Payments, that enable banks to receive and process payments.

The Solution

Icon Solutions, based in Wimbledon, London, is an IT consultancy firm for financial services companies. They specialise in the payments industry and work with many high street banks.

Icon Solutions tried to tackle the R&D tax relief claims themselves after learning of the scheme in 2011 from their accountant. However it seemed to require an enormous amount of effort and very complex claims. They were uncertain the rewards would warrant the time.

The business was later introduced to Simon Bulteel at Cooden Tax Consulting. He advised that their consultancy work was also eligible for R&D tax relief.

Ben Hallifax, Director at Icon Solutions said “Once we learned that Simon would take on all the hard work of investigating what is eligible and write up the necessary reports, it seemed obvious to use him.”

The £329K Saving

Ben went on to report that he was very happy with Cooden Tax Consulting’s service. They find Simon to be very proactive and great at covering all the angles that please the HMRC.

“The benefits have been far bigger than expected. In fact the amounts more than doubled in the last claim. We have had a huge saving of £329k in the last two financial years. It’s significant numbers. Simon will definitely continue to be part of our team!”

Case Study - Fidel

 

The Client

Fidel created an innovative solution for businesses with loyalty schemes. It enables consumers to earn points whilst shopping without the need for showing a specifi c reward card or key ring or app. The shopper’s regular Visa or Mastercard is linked to the loyalty scheme and registers purchases at the relevant outlets automatically.

Fidel’s API allows developers to quickly create web and mobile applications for linking bank cards with reward services. Clients include Avios and Perk Box.

www.fidel.uk

The R&D Project

This was a complex development project that involved an extensive and expensive collaboration with Visa and Mastercard to connect to their data feed. The API needed to be compliant with the PCI framework - the Payment Card Industry Data Security Standard.

Dev Subatra, Founder, said “Our single mission has been to make customer loyalty truly effortless. Zero friction and processing time means both retailers and their customers love this simple API solution.”

The Solution

Dev met Simon Bulteel from Cooden Tax Consulting at the Sales Innovation Expo, which was part of The Business Show in London in November 2013.

After meeting several R&D Tax Relief specialists, Dev chose to work with Simon because he gave a more individual service compared to the large organisations.

Dev added “Simon is very good at what he does and super helpful. He is a great person to work with and took care of everything. I could be very hands off, so the whole process was easy for me. I would score him 11 out of 10!”

The £50K+ Saving

Fidel has made several annual R&D Tax Credit claims with Cooden Tax Consulting’s support.

There are still more claims to come - helping Fidel make direct savings on its bottom line.