There is a lot of choice out there for R&D providers at the moment as every man and their dog seems to be offering this as part of their services.
So, you have to be careful when making the choice of who to use. Lumo are one of the options you have, but why would you choose them? Here is our guide to what makes Lumo different to other R&D providers.
Firstly, you want to work with someone who knows the game. Many R&D providers such as accountants offer to help you with your R&D tax credit claim as an addition to their other services. This means that it isn’t their bread and butter. The results can differ massively if you don’t choose an expert. Lumo do R&D. That’s it. Just R&D. It means that their team of professional advisers know Research and Development tax credits inside out. They maximise a claim for a client because they know where to look. Experience really breeds confidence when it comes to R&D tax claims.
PUTTING THE CLIENT FIRST
Submitting a successful R&D tax claim is all about having great communication. Whether getting information from the client or dealing with the tax man, you want an R&D provider that talks your language. Lumo talk tech as well as they talk tax, food as well as finance, software as well as science and money as well as manufacturing, leaving you completely in the picture when it comes to your claim. And all of this starts with the initial conversation. Lumo take a little time to get to know you and your business so they can advise correctly.
It only takes half an hour of your time for the initial, no-obligation chat and from there you can find out how they work, whether you have a valid R&D tax claim and what it could mean to your business. Then Lumo do all the legwork with HMRC so you can get on with making sure your customers are delighted with your service.
BEING A PARTNER
And that’s not all. Lumo become a long-term adviser to a business, so they can lean on the expertise of this R&D provider for years to come. It is when you start planning R&D as part of your business strategy that it becomes interesting. Lumo will help a business to see the potential claims from R&D tax credits as part of the planning process. Knowing the money that is likely to come back from the tax man means budgeting becomes easier and your business can look to the future with more confidence.
That’s the Lumo way. We are always at the end of the phone and you get through to your adviser straight away rather than dealing with someone at a call centre. Being able to discuss your ideas with someone who knows your business and understands R&D tax credits is refreshing to say the least!
SECTOR KNOWLEDGE
Although R&D tax credits can be applied for by companies in any industry, there are some specific sectors that come up time and time again. These include:
-Life sciences
-Food and Drink
-Science and Technology
-Manufacturing
And Lumo have assembled a team that have built up a knowledge base in these areas. This has allowed them to assist businesses in these sectors to make claims in the hundreds of thousands of pounds. Knowing that you are with an R&D provider that will understand your business inside out means you get your claim processed more quickly. Lumo see their claims come through in a matter of 4 to 6 weeks because they are sent right first time. Can you afford to use another R&D provider?
