Venture Tax - Tax Credit Specialists

🚨 Fear of escalation v Hope of resolution 🚨 Navigating tax compliance and R&D claims can feel like a constant tug-of-war between fear and hope. The fear of escalation - worry about audits, penalties, or even misconduct accusations over honest mistakes. That nagging question - “What if we’ve done something wrong?” The hope of resolution - when businesses confront these challenges head-on - seeking professional advice, engaging with authorities, and focusing on transparency - they reduce the risk and are more resilient. Here’s what we tell our clients who are wrestling with R&D claims or tax challenges: ✅ Fear is valid, but action is more powerful. ✅ An open, proactive approach reduces risk. ✅ Mistakes can be corrected, and trust rebuilt. Fear thrives in silence, but hope grows through action. With the right guidance, the path to resolution isn’t just possible - it’s more than achievable. Facing uncertainty with your R&D claims or tax concerns? Let’s turn fear into confidence, together. Message us to start the conversation today. 💬

Introducing our new Tax Investigation Support Service 🚨 Dealing with a high-stakes tax investigation? Don’t face it alone. Our expert team specialises in navigating complex tax challenges - from under-declared VAT to disputed R&D claims and corporation tax issues. With a track record of success in resolving significant cases, we’re here to protect your business, guiding you every step of the way with discretion and precision. 💼💡 👉 Want clarity and confidence in your tax matters? Contact us for a consultation, and let’s secure your financial future.

Do you need timesheets for R&D tax credit claims? Not technically - but they’re highly recommended! Timesheets are one of the best ways to track staff time and costs related to research and development, making your claim much more robust in case of an audit. Plus, with a possible merge of R&D schemes on the horizon, timesheets could soon become a must, so it’s a good idea to get ahead of the curve. If you’re curious about how best to document your R&D work, let’s chat - we’re here to help.

£200,000 R&D tax relief claimed for fast-growing pharmaceutical company 🧪 One of our trusted referral partners introduced us to this innovative pharmaceutical company. Despite being incorrectly advised to wait two years before claiming, we helped them secure over £200,000 in research and development tax relief in their first year of trading. As experts in R&D claims, we knew they were eligible immediately and applied as soon as possible – proof good things come to those who don’t wait!

Are you an accountant? Has your client's R&D tax credit claim been declined without explanation? We know how frustrating it can be when HMRC declines R&D tax credit claims with no clear reason or evidence. The process can be long, and speaking to HMRC isn't easy. 👉 If you're an accountant with clients facing these issues, we're here to help! Our team has extensive experience in dealing with HMRC and we'd be happy to work alongside you and your clients to pursue a successful outcome. Get in touch to see how we can support you. #R&DTaxCredits #TaxCreditSupport #InnovationFunding #Accountants #BusinessSupport

R&D tax claims: Why preparation takes time Many believe an R&D tax claim is a quick, one-day task. In reality, preparing a report and compiling costs can take weeks - or even months - especially for larger claims involving multiple projects. 🔄 While using consultants or online platforms can lighten the workload and streamline the process, be prepared to go through several rounds of revisions before finalising your submission. Claim deadline: You have up to two years from the end of your accounting period to make a claim. For example: If your period ends on 31st October 2023, you have until 31st October 2025 👉 Don't delay! Waiting too long can make it hard to remember project details, especially if your team has changed. Start the process early and keep detailed notes during your R&D activities. Ready to get started? Contact Venture Tax today for expert guidance on your R&D tax claim.

A blog our CEO has written in relation to R&D and HMRC: After 20+ years in accounts and tax, I used to have great respect for HMRC, acknowledging the complexity of managing the UK’s tax systems. However, there has been a sharp decline in service and expertise. While quick to demand payment, if they owe you money, expect a long fight. Over the past few years, we’ve lost access to knowledgeable experts, faced significant delays, and it’s nearly impossible to get through on the phone. Many tax professionals agree that HMRC is making things difficult, especially when it owes taxpayers. In my area of R&D tax credits, while it’s understandable that claims are scrutinized, genuine claims have faced frustrating delays. HMRC’s letters often contain errors that have serious consequences for businesses. Despite successfully appealing challenges, the situation has worsened. Under a new government directive, it seems HMRC is rejecting R&D claims without providing reasons. This creates fear, discourages innovation, and unfairly targets genuine businesses. So, who are the real fraudsters? I’ll let you decide. Vicky Newham Founder, Venture Tax 

How Venture Tax can assist with your R&D tax credit claim Venture Tax has evolved from a full-service accountancy firm into a leading UK-based R&D tax credit specialist. Our experienced team is here to guide you through the process and ensure you receive the maximum benefit you’re entitled to. Why choose Venture Tax? 💰 Our team of R&D tax experts will guide you to identify all eligible costs. 📝 We create a detailed report of your R&D activities and expenditure before submitting it for review. 🤝 Our long-standing industry experience has helped us build strong relationships with HMRC, making the process even smoother. For more details on how R&D tax credits can benefit your business, visit our R&D tax credits page. https://venture.tax Ready to move forward? Give us a call or send us a message, and we’ll get you started.

R&D tax claims: Why preparation takes time Many believe an R&D tax claim is a quick, one-day task. In reality, preparing a report and compiling costs can take weeks - or even months - especially for larger claims involving multiple projects. 🔄 While using consultants or online platforms can lighten the workload and streamline the process, be prepared to go through several rounds of revisions before finalising your submission. Claim deadline: You have up to two years from the end of your accounting period to make a claim. For example: If your period ends on 31st October 2023, you have until 31st October 2025 👉 Don't delay! Waiting too long can make it hard to remember project details, especially if your team has changed. Start the process early and keep detailed notes during your R&D activities. Ready to get started? Contact Venture Tax today for expert guidance on your R&D tax claim.

  The four essentials for a successful R&D tax credit claim   Many R&D tax credit claims fail because they don’t address all required information equally. To succeed, you must clearly explain:   ✅ The starting point in relation to science and technology ✅ The advancements your project you aimed for ✅ The uncertainties you faced ✅ How you resolved those uncertainties   While it's easy to focus on your main goals for innovation, HMRC will scrutinise how you tackled challenges just as closely. Don’t let a lack of detail hold back your claim. Speak to a specialist to ensure it's done right.