Accountancy firm launches R&D joint venture

Accountancy firm, Smith Cooper have has launched a joint- venture with TBAT, an independent consultancy that works with companies conducting R&D.

The collaboration will see a new R&D online portal launched, letting owner-managed businesses to submit key data which will tell them whether they may be eligible to submit a R&D claim.

Matt Symonds, managing director of TBAT, said: “Quite often many companies don’t know always how to access R&D tax credits, or whether they’re even eligible to do so, which is where we can help. A successful R&D claim can bring about a number of benefits to any business – relieving cash-flow pressures, funding the launch of another product, or enabling the seamless continuity of research by channelling funds back into R&D to further advances in a specific field.”

Once the online form has been completed, businesses can proceed with their claim either through the Swift online portal or by using the new joint approach by Smith Cooper and TBAT.

David Nelson, senior partner at Smith Cooper, said: “TBAT have a fantastic reputation both locally and nationally, helping businesses access critical research and development funding across a range of UK and EU schemes and industry sectors, and the partnership will only enhance the existing service that we already offer our clients.”

Symonds added: “We’re delighted to be working alongside Smith Cooper. A full-service organisation, Smith Cooper saw an opportunity to grow their existing R&D division with our help, and we look forward to supporting their clients, helping to propel their organisations by accessing crucial recourses.”