Don't forget - Tax Cloud demos at Accountex this week!
Come and meet the Tax Cloud team at ExCeL London on 11th and 12th May!
Why the Tax Cloud portal stands out from the crowd
Created by the R&D tax and funding experts at Myriad Associates back in 2017, the Tax Cloud portal is ideal for smaller businesses especially. It’s a simple, low-cost way to put together an R&D tax relief claim and is the ideal alternative to our full consultancy service.
Often, for smaller companies especially, R&D costs and projects may be relatively straightforward. The lower fees associated with using the Tax Cloud portal can also make it a very attractive option.
However, like the full service, there’s always support on hand from our team. But as you input your own figures and project details yourself, the price reflects this.
How Tax Cloud works
When logging into Tax Cloud for the first time, you’ll simply be asked to enter a summary about your company and the R&D work undertaken. You can add up to five technical challenges per project.
Next, your claim will be checked over by a member of our expert team and the following step of the process will remain ‘locked’ until this is done. It means you know that everything is reviewed and in order before moving on, plus you won’t waste time going through the whole application if ultimately your work is ineligible.
Then, once when our specialists have given it the nod, you can continue working through your claim in stages. As before, the next part of your application will only unlock when the previous one has been checked over and any adjustments made. Furthermore, each page has a chat box, with all questions answered by a team member with a specific specialism in that field. So you know you’re always dealing with an expert, not just anyone.
Finally, once your claim is complete, the Tax Cloud portal will provide you with a fully maximised R&D Tax Credits claim ready to send off to HMRC.
How much does it cost to use the Tax Cloud portal?
One of the best things about the Tax Cloud portal is that you don’t pay anything up front. It’s free to sign up too, so there’s no financial risk at all. In fact, fees are only paid on success, out of your Corporation Tax savings.
Our fees are as follows:
- Claims of over £200k in tax savings: 2.5%
- Claims of less than £200k in tax savings: 5%
Minimum fees are £1,000 + VAT.
Why not get a better idea about how much your company could claim (and what the fees will be) using your own figures by trying the Tax Cloud calculator.
Why not come along and try the demo?
Heading to Accountex this week? Come and say hello and try the demo! It’s the perfect way to find out in more detail what it’s all about. Plus, but for every demo we carry out at the Accountex show we’ll donate £10 to the Ukrainian crisis appeal or Rainbows Children's Hospice.
Don't forget, you can jump online and try the Tax Cloud demo yourself for free at any time.
Give your R&D Tax Credits claim the best chances of success
“Very impressed with the service, they turned around my claim in a very short time and it was quite easy. Much better that these claims companies who charge 25% of the claim value.” - Roger Piepenstock, Levello Limited.
Some companies attempt to ‘DIY’ their R&D tax relief claim, but using an R&D tax claims portal has huge benefits.
The fact is, going it alone isn’t likely to work, simply due to the complexity of the claims process. This is even the case if you use your usual accountancy firm to help you, as this area is a very niche specialism.
Including costs in your application that don’t in fact qualify is all too easy to do and can easily trigger an HMRC investigation into your broader tax affairs. However, by being too cautious you’ll very likely leave off certain costs that are actually eligible, thereby unnecessarily restricting your award and leaving cash on the table that rightfully belongs to your company.
The Tax Cloud portal is accessible 24/7 from any internet-connected device with no annoying downloads or maintenance. It also means any member of your company with the log in details can securely access your application and update it as needed.
It’s so easy to make your R&D tax relief claim without the hassle.
If you’re not able to make it along to Accountex or you just want to find out more about R&D Tax Credits or the Tax Cloud portal, feel free to call us on 020 7360 4437. You can also drop us a message using our contact form.
- Submitting R&D tax claims since 2001
- 100% success rate
- Over £100m claimed and counting
- Industry leading specialists
- In-house technical, costing and tax experts
- Member of the Research and Development Consultative (RDCC) committee
Meet some of the team behind Tax Cloud