I’ve heard of a few companies recently that are offering an R&D service for fixed fees or very small percentages and although you should never be overpaying, there’s a few questions to ask before you sign up.
1. Are they a reputable company and do the company have a track record of successful claims?
2. Could they be putting your business at risk by giving you incorrect advice?
3. Do they fully understand the scheme and are they going to help you understand the rules?
4. Will they help you maximise your claim by including all allowable costs?
5. Are they going to help you support your R&D claim by preparing a detailed technical justification in the format required by HMRC?
6. If HMRC decide to investigate your claim, are you going to be supported through that process? If there is any doubt in your mind it is always a good idea to talk to a specialist. The consultations are free and the advice you receive will equip you to make the best decision for your business.
As with everything – if it sounds too good to be true, it probably is!