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A large midlands based manufacturer did not know if its development activities were eligible for the R&D Tax Credits scheme so it decided to seek clarification from both their well respected Big 4 accounting firm of auditors and Myriad Associates, a specialist R&D Tax Credits advisory boutique.
Following consultation meetings with their auditors and Myriad Associates, the company was advised that it was undertaking eligible R&D activities. However, the advice they received significantly differed on the type of projects and activities that qualified. The company decided to embark upon a thorough tendering process which included discussions with its overseas parent company as well as UK senior management. The company eventually decided to award the R&D Tax Credit advisory work to Myriad Associates. They were very impressed with the in-depth knowledge that the the Myriad team had displayed during their various meetings. Myriad Associates was able to demonstrate that it had extensive knowledge of their manufacturing processes as well as qualified cost accountants within their team that had accumulated many years of experience working in the UK manufacturing industry.
We are delighted to be awarded this very significant piece of R&D Tax Credit advisory work. It is very rewarding to win new business, especially when you are up against one of the big 4 accounting firms. Our unique service proposition enables our customer to focus on what they do best and that is to run their business and keep innovating whilst we optimise their R&D Tax Relief claim. This service proposition is proving to be a real winner with our clients. We look forward to delivering a robust, optimised and hassle-free R&D Tax Credit claim for this large manufacturing business.Barrie Dowsett, Managing Director of Myriad Associates.
If you would like to find out if your company is eligible for R&D Tax Credits or would simply like a second opinion, feel free to contact a leading expert at Myriad Associates.