All our training events include case studies of successful submissions to HMRC across a range of industry sectors.
R&D TAX RELIEF TRAINING FOR ACCOUNTANTS
We know how challenging it is to be an accountant right now. No, it's not the last minute annual rush of clients who haven't filed their self assessment yet, or the glut of companies who have a 31 March year end. It's the huge number of clients we've worked with recently, who say their accountant is adamant they are NOT eligible for R&D tax relief.
In just two instances recently, one client's accountant put their R&D tax expenditure for the year at £40,000, when it was actually just short of £500,000, and another believed the client was ineligible. That client has just received a BACS payment from HMRC of £145,000. These are not big companies; both turnover less than £10million.
There is good reason for this - HMRC have changed the goalposts quite a bit since the original scheme was launched, and without knowing it, accountants are putting their reputations at risk if they still believe that 1) R&D tax credits are only for clients who are making a profit and have paid corporation tax (completely untrue), or 2) that in-house software development or developing new products in a factory are not included in the scheme (they didn't used to be but they are eligible now and we are seeing successful claims from literally every type of sector imaginable) or 3) you only get tax relief and not cash payments (most of our clients receive cash and do not take the tax relief).
Our tax regime is the most complex in the world - it's almost impossible to keep up with every single legislative development. So in order to protect accountants, we're offering practical FREE training courses in spotting and filing R&D tax relief claims. It's designed for candidates that are part-qualified or qualified accountants. It's also been designated as 3 CPD points with certification on completion.
The course includes:
Submission and content of the technical report required by HMRC
A detailed explanation of the categories of qualifying expenditure
Applying to HMRC for 'retrospective' and 'in year' claims
The definition of “R&D” as defined for tax purposes in ICTA88/S837A
How the scheme is affected by grant funding
Case studies from a range of sectors from engineering to software development
How to identify which of your clients is eligible
Candidates are provided with a copy of “The Accountants Guide to R&D Tax Relief” and other high quality training materials. So if you would like us to arrange something bespoke and in-house we'd be happy to come and see you, just email firstname.lastname@example.org
For more information on how we can help your accountancy practice with R&D tax relief - phone Brady on 0800 772 0800 or email her on email@example.com