GovGrant Launches Elevation Platform to Empower Accountants with R&D and IP
- IT Innovations
- 08.06.2021 01:51 pm
GovGrant, the R&D and IP specialists, has today announced the launch of its Elevation platform, a new tool which will empower accountants to take control of R&D tax claims and support them through the process with access to additional expert help and resources as required. The platform helps accountants handle claims for clients spending up to £35,000 on their R&D more efficiently. This size claim accounts for just under one-third (30%) of all claims on the R&D scheme and equates to a total value of £70m, demonstrating the value accountants can add to their clients through use of the platform.
With an increasing number of ineffective R&D solutions being brought to market, it is becoming impossible for businesses and their accountants to know where to go for solid, reliable advice when it comes to R&D tax. Taking feedback directly from accountants, the Elevation platform provides them with greater clarity on the eligibility of businesses for tax incentives and gives them full control, visibility, and transparency over a client’s claim journey. The focus of Elevation is on quality and providing the appropriate tools to match the types of client needs while helping accountants to upskill with the right knowledge and guidance on a secure, reliable platform for data transfer between third party R&D specialists and accountants.
It is a tech enablement solution that is using technology to help drive standards and underpin the integrity of the scheme and is being provided free of charge to accountants. Based on the accountant’s knowledge of the client, they will be able to build the claim report on behalf of clients in a plain English, powered by a benchmark of over 7,000 claims.
Luke Hamm, CEO of GovGrant, comments:
“We want to empower accountants to have the innovation conversation so they do not fall into the hands of unscrupulous ‘advisors’ throwing money at marketing, with zero experience, quality or concern for tax payers money. We are very proud of what we do and why we do it so Elevation allows us to open our doors and give accountants the tools, insight and total transparency needed to ensure their clients are in good hands and the government can continue to rely on R&D tax credits as a powerful tool to turbocharge the economy.
“The R&D tax advisor market has sadly turned into the wild west and our hope is that Elevation puts a few more Sheriffs out there to protect clients and protect the scheme.”