Oldland Consulting client relationships often start with a referral from a contented Oldland Consulting client, an accountancy firm, a business consultant, a banker or a venture capitalist.
The relationship will usually commence with a telephone conversation, where we explore in overview claim potential and check out a few basics. For example is the claim under the SME rules, the RDEC rules or both.
We will follow up with an initial meeting (Zoom, Teams or face to face). At this meeting we gather some basic numbers (Financial Statements for example) and explore the R&D process in more detail. At the end of the meeting, assuming both parties are happy, we would sign a consultancy agreement for us to undertake the Research and Development Tax Credit work on your company‘s behalf. We would leave a short list of further numbers that we require (not too onerous for your book-keeper or accountant).
Following the receipt of the requested numbers package, we would calculate the claim potential and arrange a further and usually final meeting to explore in detail the R&D that has taken place within the business. We go away, write up the claim and present this to HMRC on your behalf or via your own accountants. Keeping you informed of progress along the way.
Our fee structure is success based - We work solely on a No Win No Fee basis; there are no upfront fees or charges. If any R&D consultancy ever asks for an upfront payment, we recommend that you be suspicious.
Increasingly, it is accounting firms that contact us on behalf of their clients, having identified that Research and Development Tax Credit claims are a specialist area that requires technical expertise in addition to tax and accounting knowledge.