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It’s Your R&D Tax Credit – Support it, Claim it, Keep it
Companies of all sizes, from micro to multinational, are availing of the R&D Tax Credit to reduce the cost of their R&D by up to 25%, with many receiving the benefit as a cash refund. Companies in any sector can claim provided they are carrying out qualifying R&D activities and have contemporaneous documentation that serves as a nexus between these activities and the costs included.
Supporting an R&D Tax Credit should not be a retrospective exercise. You support your tax credit from the very beginning by ensuring you have access to complete, up-to-date and accurate information on the two key tests – the science test and the accounting test. The implementation of systems and procedures for the capturing of relevant supporting documentation further strengthens your claim. Supporting your tax credit should permeate all aspects of your claim process.
All companies differ in their familiarity with the R&D Tax Credit, existing processes that have been put in place to avail of the tax credit and the resources available to prepare and support a claim. Using our extensive experience of the tax credit, SciMet R&D has developed a suite of services to complement your existing process or, in the case of first time claimant companies, to assist you in implementing a robust claim process that can be scaled up as your business grows.
We were delighted with the services we received from SciMet R&D. Having worked with them on this year's tax credit, we now know exactly what is required to support the science and the tax side of our claim. They helped us put a process in place that will make things easier going forward.
Managing Director, ICT company, Waterford
We work with SciMet R&D on our clients' R&D Tax Credits. Our in-depth understanding of the client's business combined with SciMet R&D's tax credit expertise delivers a top class service. Most importantly, our clients are very happy with our process.
Tax Director, Accountancy Firm, Dublin
About Us
SciMet R&D is the leading, Irish owned, independent R&D Tax Credit consultancy. The company was founded on a simple principle – to consistently deliver exceptional service and value to R&D performing companies in claiming their full and proper R&D Tax Credit entitlement.
We achieve this by delivering the perfect blend of science, technology, tax and accounting expertise. The R&D Tax Credit is unique in that it combines a science test with an accounting test. SciMet R&D is unique in the Irish market in the value we bring to our clients in meeting both tests.
At SciMet R&D we are truly passionate about science and technology. It motivates us to be able to play a part in the exciting research and development being carried out by our clients. Our tailor-made R&D Tax Credit services deliver efficiencies, robustness and cost effectiveness that facilitate our clients in doing what they do best – innovate.
