Q1: What does Ryan specialize in when it comes to tax services?
Ryan, formerly known as Catax, specializes in Research and Development tax relief, Capital Allowances, Remediation of Contaminated Land, Patent Box tax relief, and Grant Services.
Q2: How can Ryan help your business save money?
Ryan specializes in identifying and maximising R&D tax credit opportunities for businesses.
With the increasing number of claims and substantial tax relief estimated at £6.6 billion in 2021, it’s evident that R&D tax credits have become a valuable resource for companies.
By leveraging Ryan’s expertise, your business can access a significant share of these tax credits, putting more money back in your pocket.
Navigating tax law, especially when it comes to R&D credits, can be like solving a puzzle. But fear not! Ryan is here to simplify this intricate process for you. Our seasoned team of experts will do the heavy lifting, and take every opportunity in ensuring your business not only complies with HMRC regulations but also maximizes eligible tax relief.
In a landscape where R&D tax credit claims are on the rise, staying informed and competitive is paramount. Ryan keeps a vigilant eye on the ever-evolving tax regulations, so your business never misses out on money-saving opportunities and that all-important competitive edge.
Q3: Why should you choose Ryan over other tax service providers?
Ryan’s expertise and experience make them the go-to choice for businesses seeking to maximize their tax savings. They simplify the process and handle the complex tax laws, making it hassle-free for you.
They have a team of over 120 in-house experts, including Surveyors, Tax Technicians, Accountants, Report Writers, and Case Managers.
The team takes care of the entire process, eliminating the need for clients to complete complex forms, decipher legal language, or navigate intricate tax laws.
Q4: What types of businesses can benefit from Ryan’s services?
A wide range of commercial properties can be eligible for tax relief, including:
Nursing/Care Homes
Hotels and B&Bs
Nurseries
After-School Clubs
Restaurants, Pubs
GP/Dental Practices
Offices, Warehouses
and many more.
Q5: Does your business need to have a dedicated R&D department to benefit from Ryan’s services?
While having a dedicated R&D department can be beneficial for some businesses, it is not a strict requirement to benefit from Ryans services.
Q6: What is the process for getting started with Ryan’s tax services?
To get started, you can contact us to schedule a consultation with Ryan’s experts. They will assess your business’s eligibility and tailor their services to your specific needs.
Q7: Is there a minimum or maximum size of a tax relief claim that Ryan can help us with?
Ryan specializes in uncovering the largest possible tax relief claims for your business, so they do not have strict minimum or maximum claim sizes. They aim to maximize your savings.
Q8: How long does the process typically take, from consultation to receiving tax relief?
The timeline can vary based on your specific circumstances, but Ryan will work efficiently to help you start realizing tax relief savings as soon as you get in touch.
Q9: Are there any upfront costs associated with using Ryan’s services?
Ryan doesn’t believe in up-front costs. If, by some twist of fate they can’t uncover a claim for you, there won’t be a fee to worry about.
Plus, here’s more good news: Ryan won’t hit you with any submission fees either. That means when your claim heads over to HM Revenue and Customs, there won’t be any unexpected surprises.
But wait, there’s more! As part of their top-notch service, they provide all our clients with 6-year report protection.
Q10: What is qualified under R&D?
While scientific research certainly qualifies, so do various other activities, including:
Software development
Waste reduction
Automation
Innovation in recipes/formulas
Advancements in materials
Process enhancements
Creation of new products
In essence, anything that propels your business forward in a novel and competitive manner could be eligible for tax relief.
Navigating the intricate landscape of R&D tax relief laws can be challenging, with eligibility criteria often shrouded in ambiguity. To secure the most substantial tax relief return, it’s crucial to have an expert by your side. Our dedicated R&D team specializes exclusively in R&D, ensuring you receive guidance from the best in the field.
Best of all, there’s no risk involved. Our initial assessment will only require about thirty minutes of your time. We’ll conduct a comprehensive evaluation, and if we don’t identify an opportunity for you to claim R&D tax relief, you won’t spend a penny.
Q11: What are R&D Tax Credits?
R&D (Research and Development) Tax Credits are a government incentive designed to encourage and reward businesses for investing in innovation. These credits are available in several countries, including the United Kingdom and the United States, to promote technological advancements, product development, and process improvements.
Here’s how R&D Tax Credits typically work:
Eligible Activities: Businesses that engage in qualifying R&D activities can claim tax credits. These activities often involve developing new products, processes, or services, or enhancing existing ones. Research aimed at resolving scientific or technological uncertainties may also qualify.
Expense Coverage: R&D Tax Credits typically cover eligible expenses associated with these activities. These expenses can include employee salaries and wages, materials and consumables, software used for R&D, and certain external subcontractor costs.
Tax Relief: Businesses can use R&D Tax Credits to reduce their tax liability. Depending on the country and its tax laws, the credits may provide a reduction in corporate income tax, a cash payment, or a combination of both.
Benefits for Innovation: The goal of R&D Tax Credits is to incentivize businesses to invest in innovation. By reducing the financial burden associated with R&D, governments aim to foster economic growth, job creation, and technological advancement.
Q:12 How does Capital Allowances tax relief work?
Capital Allowances tax relief allows you to claim tax back for embedded items within your commercial property, such as lighting, heating, cables, and pipes—essentially, anything that would stay in the building if you turned it upside down and shook it.
Q13: How long does it take to recieve the tax credits from the claim being filed?
The timeline for receiving tax credits from an R&D claim being filed can vary depending on several factors, including the complexity of the claim, the volume of claims being processed by HMRC, and the accuracy of the information provided in the claim.
In general, HMRC aims to process R&D tax credit claims as efficiently as possible. Typically, you can expect to receive your tax credits within several weeks to a few months after the tax relief is identified. However, it’s important to note that this is a general estimate, and actual processing times may vary.
To ensure a smoother and quicker process, it’s essential to work with a knowledgeable tax specialist, like Ryan, who can accurately prepare and submit your claim, minimizing delays and maximizing your chances of receiving the tax credits in a timely manner. It’s also advisable to maintain proper documentation and records to support your claim, as this can help expedite the processing of your R&D tax credits.
For Brokers:
Q1: What exactly is R&D tax relief, and how can it benefit my clients?
A: R&D tax relief is a government incentive that rewards businesses for investing in innovation. It allows eligible companies to reduce their tax liability or claim cash credits. By identifying and maximizing R&D tax relief opportunities, your clients can save a substantial amount of money.
Q2: Who is eligible for R&D tax relief?
A: Businesses across various sectors can be eligible, provided they are engaged in activities that involve research and development, innovation, or improvements to existing products, processes, or services. Ryan’s experts can assess your client’s eligibility in detail.
Q3: How does Ryan’s service work, and what does it involve for my clients?
A: Ryan simplifies the entire process. Your clients will need to provide some basic details about their business and R&D activities. Our experts will then take it from there, handling the complex paperwork and ensuring all relevant information is submitted to HMRC.
Q4: What are the costs involved, and when are they incurred?
A: Ryan charges no up-front costs. If we successfully identify a claim, our fees are typically based on a percentage of the savings generated. Your clients won’t have to worry about any costs unless we secure tax relief for them.
Q5: What happens if Ryan doesn’t identify a claim?
A: No claim, no fee! If, by some rare chance, we can’t uncover a claim for your clients, there won’t be any charges.
surprises when it comes to your claim