THE ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA) ANNOUNCES PARTNERSHIP WITH R&D TAX SPECIALIST, RD TAX SOLUTIONS
Since launch, RD Tax Solutions has generated £20,000,000 of tax relief for business owners through the identification R&D tax credits
London, 30 November 2016 – The world's leading body for professional accountants, the Association of Chartered Certified Accountants (ACCA), today announced a partnership with UK Research and Development (R&D) tax reclaim specialist, RD Tax Solutions.
RD Tax Solutions is working with the ACCA by joining the ACCA Marketplace in order to provide R&D tax credit and reclaim services to the clients of its 188,000 members.
R&D tax credits are a valuable form of tax relief available to companies in every sector who are developing new processes, products, services or systems – or materially improving existing ones. They can be offset against a corporation tax bill or be claimed as a cash sum paid back to a company by HMRC.
But there is one problem – although companies are entitled to this tax benefit, very few
business owners are aware that the activity they have carried out is eligible for this tax rebate.
HMRC figures show that less than 1% of eligible UK firms are making claims for R&D costs due to a lack of understanding and the sheer complexity of this area of tax, which means an enormous amount of potential tax relief is being lost.
In the past three years, RD Tax Solutions has saved its clients more than £20 million, with an average tax saving of £39,000 per client.
T&T PwC release FINALT&T PwC release FINA Crucially, RD Tax Solutions operates on a ‘results-based’ basis, and only charges a fee once the tax benefit has been identified, meaning there is no financial risk and no up-front cost for business owners.
Chris Quick, Head of ACCA Media, commented: ‘‘We are delighted to be working with RD Tax Solutions as our marketplace partner for research and development specialist services. Given how critical R&D is for the future prosperity of the UK, they offer a highly relevant service to our members operating at the heart of the business world.’’
Mark Tighe, MD of RD Tax Solutions, added: “We are thrilled to have partnered with an accounting body as prestigious as the Association of Chartered Certified Accountants and will work with their members deliver sizeable tax benefits to their clients. R&D credits are a much overlooked area of tax relief among the UK business community and this partnership should help rectify this.”
For more information, please contact:
Laura Tyther Rhizome Media T + 44 (0) 7492 311 122 E firstname.lastname@example.org
About RD Tax Solutions
RD Tax Solutions is a UK-based R&D report specialist that works with companies of all sizes and from every sector to raise their awareness of R&D tax credits — and help them claim back the tax relief they are due for their R&D activity. To date, it has arranged over £20m of tax relief for its clients. For more information, visit: www.rdtaxsolutions.com
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About the Association of Chartered Certified Accountants
The ACCA is the world’s leading body for professional accountants, with over 110 years of experience, innovation and excellence. It champions opportunity within accountancy,
demonstrates excellence through its qualifications, and acts as a driving force within the accounting profession to constantly improve working practices. It supports 188,000
members and 480,000 students in 178 countries, helping them to develop successful
careers in accounting and business, with the skills needed by employers. For more
information, visit: www.accaglobal.com