Accountants missing R&D trick, says Jumpstart | AccountingWEB

Accountants missing R&D trick, says Jumpstart

Accountants are missing out on clients who could be eligible for research and development (R&D) tax credits, according to an R&D specialist.

Jumpstart’s senior business analyst Paul Wigley spoke about opportunities at the IFA’s regional annual conference in Birmingham last week. 

During his presentation, Wigley said some practitioners may be overlooking industries where R&D is potentially applicable, due to it commonly being applied to scientific, technological or IT-related areas. 

"The challenge for us is to get accountants to understand the types of areas that could qualify for R&D tax credits. Most would look at this scheme and think if they haven't got a white labcoat the likelihood is they're not going to qualify.

"But as long as someone's...

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Comments

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GuestXXX | | Permalink

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R & D

BBS4TAX | | Permalink

Hi there

 

i am looking into the tax relief available for a few of my larger clients and would appreciate any feedback eg should i use a specialist or prepare the R & D file myself with the client's assistance ?

thankyou

LMT's picture

agricultural r & d

LMT | | Permalink

ive been asked to find examples of successful agricultural-related r & d claims already submitted by companies by my employer, to help see if we have any clients we could help more in this way. have struggled to find anything. anyone reading this know of a good online source of info??