Frequently Asked Questions
Not quite ready to get in touch? Below is a list of popular questions our clients and prospective clients ask us before partnering up.
Have a question that’s not been answered below? Send us a quick message.
At GrowthPad, we want accountants to be comfortable with the R&D tax claims that are being submitted on behalf of your clients.
Once the claim is finalised, we provide you with details of the claim, including the advance in science and technology and the uncertainties faced by your client. You can keep these details in the client’s records.
In addition, we provide a referral fee of 30% for all exclusive partnerships and 20% for non-exclusive partners.
The size of your practice has little bearing on your clients. Even if you have one client that may qualify, it is worth having a conversation with us.
We partnered with a small practice in Yorkshire and they referred a client to us.
The client’s first claim resulted in a tax saving of £61,975.26. This was worth £4,648.15 to the accountant in referral fees.
We have heard this many times and when we have a chat with accountants, we find that they do have clients that potentially qualify.
The reason for accountants thinking their clients do not qualify is due to a lack of understanding of the definition of R&D for tax purposes.
We simplify the definition for you and provide you with a set of easy questions to help you identify whether your client qualifies.
We then have a simple quick 10 minute conversation with the client to determine whether they qualify.
We do the heavy lifting.
Yes, we have heard this too. It is not great for our profession.
At GrowthPad, we have a thorough technical discussion with your clients prior to preparing the R&D tax claim. If we are happy that the technical information provided by your clients meets the requirements of HMRC, we will prepare the claim.
To remain accountable to you, we will provide you with a summary of the advance in science or technology and the uncertainties encountered by your client. You can keep this summary on the client’s records.
We have heard this many times. At the end of the day, as the accountant, it is your responsibility to help your clients with their tax affairs. This doesn't mean that you have to do all the technical work, but you should be able to identify areas that your clients may require help with.
We will help you by assisting your clients from start to finish so you do not have to worry about getting involved with the technical aspects.
You will save time, ensure your client’s tax affairs are up to date and you will earn a referral fee.
Why choose GrowthPad?
See what sets us apart from other R&D Tax consultants.
You have Questions? We have answers.
As a business, we strive to be as transparent as possible. Our FAQs page allows you to get the answers you need before booking a call with us.