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GGTC client relationships often start with a referral from another contented GGTC client.
The relationship will usually commence with a telephone conversation, where we explore in overview claim potential and check out a few basics. For example is the claim under the SME rules or is it a Large Company claim.
We will follow up with an initial meeting, at the commencement of which we sign a Non Disclosure Agreement (Confidentiality Agreement) to protect your trade secrets. At this meeting we gather some basic numbers (Financial Statements for example) and explore the R & D process in more detail. At the end of the meeting, assuming both parties are happy, we would sign a consultancy agreement for us to undertake the Research and Development Tax Credit work on your company's behalf. We would leave a short list of further numbers that we require (not too onerous for your book-keeper or accountant).
Our fee structure is success based - there is a small three digit fee (to focus the mind), but even that is refundable if we did not submit a claim to the Revenue on your behalf.
Following the receipt of the requested numbers package, we would calculate the claim potential and arrange a further and usually final visit to explore in detail the R & D that as taken place within the business. We go away, write up the claim and present this to HMRC on your behalf or via your own accountants. Keeping you informed of progress along the way.
Increasingly, it is accounting firms that contact us on behalf of their clients, having identified that Research and Development Tax Credit claims are a specialist area that requires technical expertise in addition to tax and accounting knowledge.
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