As UKPA’s recommended R&D Tax Credit provider, Claim Capital is experienced in analyzing and reporting PropTech-related expenditure to HMRC to deliver fully compliant, fully maximized R&D Tax Credit claims.
After being introduced to Claim Capital through one of our partnership webinars, UKPA member, Ark, hailed Claim Capital’s R&D Tax Credit service as ‘invaluable’, delivering a transformative tax benefit in the early stages of building their technology.
Head of Partnerships at Ark, Angus Reid, believes that “R&D Tax Credits should be something that businesses are more aware of. Even though many founders have the idea that they can claim tax benefits on research and development, there’s a lot of confusion surrounding the scheme.”
He continued “I think it should be shouted about more because, for companies at an early stage, like us, R&D Tax Relief is invaluable.”
Here’s what Ark had to say about their experience with R&D Tax Credit Specialist, Claim Capital.
An introduction to Ark, and their research and development activity
Ark, is a property management platform on a mission to radically improve renting for everyone in the UK, from larger institutional-level landlords that are looking to improve the customer experience for residents, to smaller independent landlords looking to connect with tenants and provide the best service they can – and of course, for the millions of renters across the UK.
“Landlords get a lot of bad press, and that’s because there’s a small minority who dominate the headlines and give all landlords a bad name.”
Angus clarified that most of the time, renting horror stories arise from complications with third parties whose interests don’t align with those of the landlord. And often, these could be prevented by the logistical support offered by Ark’s technology – which enables landlords to stay compliant, keep an open communication with tenants, and organize everything involved in managing property.
Being a technology-driven platform, research and development (R&D) has been integral in building and refining their product.
“We’re a tech company, first and foremost, so all our R&D has gone into building that tech – from our first year of incorporation when we were building our MVP and progressing through the proof-of-concept stage, and more recently, growing and expanding our tech such as Ark’s web dashboard, mobile applications, and so on.”
How did Ark reinvest their R&D Tax Credit return?
After successfully claiming R&D Tax Relief with Claim Capital, Ark reinvested their R&D Tax Credit benefit into their technology and are planning to use it to also bring on new personnel. Angus explained that “the R&D Tax benefit is a definite boost to the speed at which our technology develops.”
Ark’s experience with using Claim Capital’s fixed fee R&D Tax Credit service
Before claiming R&D Tax Credits with Claim Capital, the team at Ark had a brief understanding of the scheme, and that their R&D activity would likely qualify for R&D Tax Relief.
But they weren’t sure how to make an R&D Tax Credit claim, what the process involved, or whether it would be worthwhile.
Angus and the team found that a quick call with Claim Capital’s R&D Tax Specialists quickly resolved their confusion around the R&D Tax Relief scheme.
“I reached out to Max following an R&D Tax Credits webinar. From day one up, right until the R&D Tax Credit benefit landed with us, communication has been great. We we’re walked through each step of the R & D claim process in a clear and helpful way, from the Account Management side and from our assigned R&D Tax Specialist, Harry, who was excellent throughout. Overall, the process was really positive.”
What made Ark choose Claim Capital as their R&D Tax Advisor?
At first, the team at Ark weren’t aware of how Claim Capital’s fixed fee model diverges from the predominantly percentage-based R&D Tax Credits market.
After speaking to several other R&D Tax Advisors, that were charging a commission basis (of up to 30% of the R&D claim benefit), Angus told us how they found that Claim Capital’s fees stood out as the most cost-effective, appealing route.
“Claim Capital’s payment model was by far the most attractive and made the most sense for us as a business. Some of the other providers we spoke with seemed to be disproportionately expensive in relation to our R&D claim benefit. Not only was the service from Claim Capital very good, but the payment model was an additional win, particularly when compared to other providers out there.”
Ark’s advice to UKPA members who aren’t yet claiming R&D Tax Credits
Following a quick and easy R & D claim process with Claim Capital, Angus said that “for us, claiming R&D Tax Credits was a no brainer.”
The team at Ark felt that, even though the process can come across as quite daunting for a first-time claimant, just one short call with an experienced R&D Tax Credit Specialist can transform it into a simple and streamlined process, taking hardly any of the founder’s time away from the business.
“Claim Capital’s methodical approach to our R & D claim delivered us a really good result. I think that anyone thinking about claiming R&D Tax Credits should just do it – when the money came through from HMRC, it felt like free money!”
Would Ark recommend Claim Capital to other UKPA members looking to claim R&D Tax Credits?
Ark would absolutely recommend Claim Capital’s R&D Tax Credit service to other PropTech companies looking to supercharge growth and optimize cashflow through R&D Tax Relief.
“From the other companies that we spoke to, and our own claim experience, we feel that Claim Capital’s quality of service and pricing model were the best out there. We had a great experience from start-to-finish, and we’d be happy to recommend them to other PropTech businesses”.
In celebration of UKPA’s successful partnership with Claim Capital, all UKPA members are entitled to an exclusive £500 discount off their first R&D Tax Credit claim.
Click the link above to access this partnership benefit, or get in touch to make an R&D claim enquiry.
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