Already Claiming Tax Credits?
Switch to Pennyhills
You’re a UK SME already at the forefront of innovation, consistently investing in R&D to drive your business forward. Whether you’re refining a successful product, embarking on a new breakthrough, or simply seeking a more robust and responsive R&D tax credit partner, Pennyhills understands your journey. We know that innovation is continuous, and so should be the support you receive.
The Process of Moving Accountants for Your R&D Claim
Switching R&D tax credit advisors might seem like a daunting prospect, but with Pennyhills, it’s a seamless and strategic move designed to benefit your business. Many companies, even those making healthy sales and profits, find themselves wondering if they’re truly maximising their R&D relief or if their current advisor is keeping pace with the latest legislative changes and HMRC scrutiny.
Here’s what you can expect when considering a move to Pennyhills:
Initial, Confidential Discussion
We begin with a discreet conversation to understand your current R&D activities, your previous claims, and what you’re looking for in a new advisor. This is your opportunity to outline any concerns or aspirations you have, without obligation.
Reviewing Your Current Situation
We’ll help you assess your existing commitments. It’s wise to review any contractual agreements with your current provider to understand termination clauses. We can guide you on what information would be helpful from your past claims to ensure a smooth transition and consistency with HMRC.
Hassle-Free Transition
Once you decide to proceed, we manage the entire handover process. We can liaise directly with your previous accountant or advisor, ensuring all necessary documentation is transferred efficiently and compliantly. Our goal is to minimise disruption to your core business operations.
No Interruption to Your Innovation
We understand that your R&D projects are ongoing. Our transition process is designed so that your next claim can be prepared and submitted without delays, ensuring continuous access to this vital funding.
Switching to a specialist like Pennyhills is often a proactive step for businesses looking to enhance their R&D claim strategy, navigate increasing HMRC complexity, or simply gain greater confidence in their relief.
What to Expect From Pennyhills
When you choose Pennyhills as your R&D Tax Credit partner, you’re not just switching accountants; you’re upgrading to a dedicated team committed to maximising your innovation returns. We bring a blend of authoritative expertise and an approachable, helpful service to every client, whether you’re profitable or currently navigating a loss.
Deep Dive into Your Innovation
Beyond just the numbers, we take the time to truly understand the scientific and technological uncertainties you’re addressing. Whether it’s the next iteration of an existing product or a completely new service, our specialists will meticulously identify every qualifying activity and associated cost.
Proactive Optimisation, Not Just Compliance
The R&D tax credit landscape is dynamic. We stay ahead of the latest legislative changes and HMRC guidance, ensuring your claims are not only compliant but also fully optimised. We look for every legitimate opportunity to enhance your benefit, whether through meticulous cost identification or strategic claim structuring.
Robust & Defensible Claims
Our rigorous process means your claims are thoroughly documented and technically sound, significantly reducing the risk of HMRC enquiries. Should an enquiry arise, we stand by your side, managing all communication with HMRC on your behalf.
Cash Flow Focus
For companies in a loss-making position, the cash refund from R&D Tax Credits can be transformative. For profitable businesses, it’s a powerful way to reduce your Corporation Tax liability. We work diligently to ensure you receive your deserved benefit as swiftly as possible, enabling vital reinvestment into your R&D pipeline.
Ongoing Partnership & Advice
We aim to be more than just a one-off service provider. We offer ongoing advice to help you structure your R&D activities to maximise future claims, becoming a true extension of your growth strategy. Your success in innovation is our success.
Let Pennyhills provide the expert guidance and seamless service you need to continue driving your business forward through innovation.
R&D Tax Credits
Case Studies
SaaS First R&D Tax Credit Claim
Taking Over R&D Tax Credit Advisory
First R&D Tax Credit Claim
Make the Switch
Already claiming R&D tax relief but wondering if you’re truly maximising your claim? In a landscape of complex rules and increasing HMRC scrutiny, specialist expertise matters more than ever. If you’re ready for a partner who stays ahead of every change, share a few details with us. This short, no-obligation form helps us understand your needs and demonstrate how a strategic switch can unlock your full innovation funding potential.