R&D tax credits are only available to UK limited companies and are not suitable for individuals, sole traders, or limited liability partnerships (LLPs). R&D tax credits are largely available to most businesses of all sizes from all sectors so it’s very much worthwhile to enquire and have an exploratory conversation with us to determine your eligibility if you’re unsure.

There are various services available on the market that can help you make an R&D claim, however these are largely unregulated. By using chartered accountants who are governed by the Institute of Chartered Accountants in England and Wales (ICAEW), you are guaranteed a high professional standard of work and service. What’s more, working with accountants who specialise in R&D tax credit claims can have further benefits including:

• Working with partners who can highlight opportunities to minimise your tax liability for the whole business and not just R&D projects
• Help you plan out cashflow to ensure your project will be sufficiently funded
• Access our accountants’ experience and expertise on what HMRC look out for on R&D tax credit claims for improved success rates
• Receive expert strategic advice and a forward-thinking approach to your claim to ensure you do not invalidate yourself from other funding opportunities

Ridgefield Consulting is located in Oxford which makes up part of the Golden Triangle between London and Cambridge. We’re extremely well-placed to support the thriving innovation centres and science parks around Oxfordshire as well as young university spin-outs.

Traditionally we have worked with several successful biotech businesses on their R&D tax credit claims; however over recent years we have been expanding our reach and would welcome the opportunity to work with business of all industry backgrounds.

We offer an extremely competitive and high-quality comprehensive service. A written report for HMRC which includes an introduction, claim summary, methodology, R&D project and appendices (calculations).

Our fees are instead based on successful R&D claims where we charge 12.5% of the tax credit or 12.5% of the corporation tax saving (if no tax credit is claimed or is not applicable).

We also offer capped fees where the claim value is above £200,000:

• 5% of the first £200,000 claim value
• 8% of the next £200,000 claim value
• 5% on any further claim value over £400,000

Our minimum fee is £2,000 or £4,000 for a two year claim.