Step1: Discovery call
First off, a dedicated claims manager will kick off the claim with a 30-minute onboarding call. They’ll give an overview of EmpowerRD’s R&D claim process and guide you in identifying R&D projects that meet the criteria. Together, you will then establish timelines and project goals.
Step 2: Collation of costs
To allocate costs, upload your data through our Xero integration or through CSV upload and follow the instructions. Because technology alone isn’t enough, your dedicated claims manager also conducts regular checks to ensure no costs are missed.
Step 3: Technical narrative creation
There’s no need for lengthy interviews and email chains; we capture your technical narrative with just 4 questions. All you need to do is answer each open-ended question with a few bullet points.
For speed of use, you can give multiple users access to your R&D claim, allowing them to log on and complete their parts anytime, from anywhere. And don’t worry; you’re not alone; our intelligent platform prompts and your claims manager guides you throughout the process to ensure your claim is compliant.
Step 4: Review
For the review process, your costs and technical data go to our team of tax professionals and ex-HMRC inspectors, who will review, edit and provide feedback within 48hrs following draft submission, to ensure the claim aligns with BEIS guidelines.
And once our specialist review team is happy with the technical data, our expert technical writers will create your technical narrative to ensure compliance with HMRC, using their knowledge and experience to ensure it’s robust and optimised.
When all edits have been made, and the EmpowerRD team is happy and confident, the claim is ready; it will be shared with you to finalise accuracy and completeness.
Step 5: Submission
Once you’ve reviewed the claim and are happy with it, it’s time for submission. We’ll file your R&D tax credit claim for you via your Corporation Tax return (CT600) or work with you or your accountant to do so.
Step 6: HMRC Follow-up
After submitting your claim, we’ll chase HMRC to prevent delays.
If, by chance, HMRC conducts an enquiry, we’ll assist you in resolving the matter without charging additional fees.
Step 7: Tax Credit Received
Following submission, in usually 6 weeks’ time, your corporation tax bill will be reduced, or your cash benefit will be paid into your account!