“Professional Conduct in an Unregulated Industry”
How to choose the best advisor for securing government funding schemes?
GKA Innovation specialises in unlocking various funding schemes to companies in the construction, healthcare, manufacturing, waste management, food, and AI sectors. It is one of the only funding firms in the UK that is owned and run by Ph.D. qualified scientists, engineers, and in-house chartered accountants with extensive experience in the noted industries.
With the increased presence of unregulated “R&D Tax Specialists” and the current financial climate, it is of paramount importance for companies to ensure their service provider has adequate qualifications and experience to meet the required standards when it comes to various government funding avenues, including the R&D tax relief scheme. As pointed out during HMRC’s latest Research and Development Consultative Committee meeting, concerns have been raised with regards to providers that lack the required accounting and technical qualifications and their limited understanding of the activities within specialist sectors.
Below we have listed several key questions that would help you decide whether your advisor is equipped with the needed tools to complete your claims:
- Do they have in-house chartered accountants? Evidence can be given by membership to professional institutions such as ICAEW or ICAS; Click Here to Search Membership of a Provider
- Will they outsource the work to third-parties/overseas or complete it themselves?
- How many clients in a similar industry to yours have they successfully worked with and can they provide you with testimonials from some of the industry leaders?
- Do they understand the day to day activities of companies in your industry, the governing regulations, and the type of challenges currently faced in your sector, and have you examined their knowledge?
- Are they cold-calling you frequently and promising you unfounded benefit figures in a way that is too good to be true?
It’s extremely important for your advisor to be able to speak the same technical language as you while being equipped with the needed financial expertise and qualifications. We have worked successfully with and are continually collaborating with a multitude of reputable large and medium-sized entities in our specialist industries and offer a uniquely efficient and educational approach to unlock available funding avenues in a non-disruptive and comprehensive service. Our company slogan is “trust the experts”, and this is particularly true in the current climate, where quality and reputation are paramount.