GET THE CREDIT YOU DESERVE
Compass Partners have the best partner’s providers of R&D tax advice in the UK, acting as a trusted adviser to many of the UK’s most innovative businesses. We deliver robust R&D tax credit claims to ensure your business is rewarded for your investment in innovation.
By claiming R&D tax reliefs with our partners, you have access to our award-winning team of chartered tax advisers, accountants, lawyers, sector specialists and former-HMRC inspectors. Our experts take on the heavy lifting of your claim preparation, saving your team time and ensuring you receive the valuable funding your business deserves.
WHAT SETS COMPASS PARTNERS APART FOR R&D TAX RELIEF?
Unrivalled technical firepower
Our Partners will include a proven combination of qualified chartered tax advisers and accountants, lawyers, former-HMRC inspectors, and sector specialists with hands-on industry experience.
Our partner’s are proprietary technology and leading technical experts work with you on-demand to deliver robust claims, maximising value for your business.
Leading our industry
Our Partners have the passionate about R&D tax credits and how the incentive helps your business innovate and grow.
That’s why they don’t just react to policy changes, but proactively help shape them.
They are members of the Chartered Institute of Taxation (CIOT), leading professional standards in an otherwise unregulated market.
Advice on your terms
We’d love to help you make the most of your innovation. We offer a range of tax advisory services. From our partners end-to-end R&D tax claim service, to delivering consultancy projects and enquiry support. They have the technical firepower to help your business grow.
Our Partners always tailored to your needs, we work flexibly to deliver actionable R&D tax advice on your terms.
HOW TO CLAIM R&D TAX CREDITS WITH PARTNERS?
There’s no one-size-fits-all approach to accessing R&D tax advice. Their team of experts adapt their tried-and-tested methodology to fit your business. Below are some of the stages you can expect as part of your engagement with our partners.
R&D TAX CLAIM PROCESS
Discovery and assessment
Your dedicated point of contact and expert project team will kick off your claim and work with you to identify the information needed to create your claim.
Do you have the expertise you need? Our expert team is made up of chartered tax advisers, accountants, lawyers, sector specialists, technical writers and account managers, hand-picked to support your specific business needs.
Information gathering and analysis
Our Partners combine tax technical firepower with in-depth sector knowledge to uncover the full extent of your qualifying R&D. Our chartered tax advisers and sector specialists will work directly with your finance and technical teams to gather all the information we need for your claim. They will then use this to create a bespoke methodology based on your records.
Are you currently spending too long preparing your R&D claim? Let our team do the heavy lifting and free up your team’s time.
Creating your R&D tax credit claim
They will document your claim and the evidence required for HMRC, explaining how your activities and costs have been assessed, and your total R&D tax credit benefit determined. This ensures you can be confident that you have a robust claim.
How confident are you in the methodology and evidence behind your claim? They QA team review all claim submissions and our proprietary technology platform tracks each stage of claim preparation providing a clear audit trail.
Approvals and submission
They will share our reports with you for approval and will explain our findings. We will work together with our partners in your Corporation Tax return (CT600).
Do you understand what you’re claiming and why? Their team will explain their findings and communicate and manage any associated risks so you can be confident that you’re submitting a robust and defensible claim.
Dealing with HMRC on your behalf
After we’ve submitted your claim via your Corporation Tax return (CT600) we’ll keep in touch with HMRC to ensure minimal hold-ups. In the unlikely event HMRC opens an enquiry, our partners will work to resolve this for you.
Do you need support to ensure your claim remains on track? With increased scrutiny into R&D claims it pays to work with an experienced specialist who has an existing relationship with HMRC and understands what they are looking for.
Receiving your benefit and reinvesting
You are rewarded for your investment in innovation and your Corporation Tax bill will be reduced or your cash benefit is paid into your bank account. That’s money to spark your next big idea and fuel your continued growth – reinvesting in projects and people.
Are you thinking about future investment in R&D? Don’t treat your claim as a box-ticking exercise.
With our support and impartiality in the process we will work together with our partner and support you can embed a culture of innovation and use R&D tax reliefs as part of a strategic plan for your future growth.
SOFTWARE PARTNERS
WHY CHOOSE US
Industry Specific
Right from the beginning, our accountants regulated, provide guidance tailored to your industry and accounting software preferences, from business structure to tax planning.
Grow Your Business
We understand that every company is unique and thus we create customized strategies to meet your specific requirements, objectives and schedules, while delivering impartiality and guidance.
Integrate all your Software
We offer a wide range of software solutions, including bookkeeping, productivity, and stock management, to cater to our clients' business needs.
"We don't expect you to do the bookkeeping."
Compass & Partners takes care of bookkeeping for all clients, so you don't need to worry about entering receipts and bills.
All In One Package
Our comprehensive range of services caters to all your business needs, including bookkeeping and legal counsel, ensuring the success and sustainability of your company.
OUR SERVICES
We're here to assist you!
We have a team of experts who are dedicated to providing you with comprehensive accounting and taxation services all under one roof. Our main focus is to ensure that we keep you up-to-date and well-informed throughout the entire process, while also offering you a hassle-free and cost-effective solution for all your financial requirements.
