Home » R&D Tax Audits Checklist Requests

R&D Tax Audits Checklist Requests

STEP 1 OF 2

  • Questions marked with an* are required

    Audit Checklist

    If your company claims R&D Tax, it is critically important that you have the information and documentation to substantiate your R&D Tax claim.

    We've created an Audit Checklist for R&D projects relating to manufacturing so you can ensure that you are prepared for the event of an audit.

    This checklist is general checklist for all R&D Projects. To access a checklist that is specific to your industry, click on one of the links below:

    Do you need help defending an Audit? Click here for some advice.

  • This field is for validation purposes and should be left unchanged.
 
  
 Swanson Reed - Specialist R&D Tax Advisors 
 
 
 Swanson Reed - Specialist R&D Tax Advisors
  
 40 Google reviews 
 
  
 
 
 
 
  
 Swanson Reed - Specialist R&D Tax Advisors 
 
 
 Swanson Reed - Specialist R&D Tax Advisors
  
 40 Google reviews 
 
 
 
 
 
  
 
 
 
 Daniel McGregor 
 
 
 Daniel McGregor 
 
2022-08-11
 
 
  
 
I have been using Swanson Reed for my clients for more than a decade.  Having a specialist firm that can provide practical and commercial advice that produces real outcomes is very important and we have received great feedback from our clients.
Highly recommended.
  
 
 
  
 
 
 
 Anatole Kononewsky 
 
 
 Anatole Kononewsky 
 
2022-06-02
 
 
  
 
The Swanson Reed team have provided our company with exceptional professional advice and assistance for all of our R&D claims for many years - have always achieved great results with excellent value for their services.
  
 
 
  
 
 
 
 Melissa Doddy 
 
 
 Melissa Doddy 
 
2022-05-31
 
 
  
 
The Team at Swanson Reed are very experienced R&D Tax Advisors and gave us ongoing support with all of our R&D Claims, the consultants ensured we were always working with current legislative guidelines, gave us assistance with compiling technical and government documentation and went out their way to ensure they were with us for the entire process from beginning to end.  Highly recommended to anyone who needs assistance with working through what can at times be a daunting process.
  
 
 
  
 
 
 
 Alana Owers 
 
 
 Alana Owers 
 
2022-05-30
 
 
  
 
We have been dealing with Damian and Swanson Reed for several years in relation to processing our R&D claims.
Always find them easy to deal with and helpful with all concerns and queries we have. We would highly recommend Swanson Reed for your R&D help.
  
 
 
  
 
 
 
 Mexx Engineering 
 
 
 Mexx Engineering 
 
2022-05-27
 
 
  
 
We are a client of Swanson Reed since 2010. Damian and his team are very professional and extremely organised. At all times, our R&D applications were handled with care. They have reviewed each application extensively and made sure that we are supported every step of the way. We highly recommended their services.
  
 
 
  
 
 
 
 Sarah Heath 
 
 
 Sarah Heath 
 
2022-05-27
 
 
  
 
Damian and the team at Swanson Reed have been one of the most efficient professional organisations I have dealt with - their response time is commendable. Their specialist knowledge of R&D is extremely extensive but yet practical and importantly, they are approachable and considerate to the client's needs.
  
 
 
  
 
 
 
 David Reisner 
 
 
 David Reisner 
 
2022-05-26
 
 
  
 
We engaged with Damian and Angel at Swanson Reed on the recommendation of a related party.  For the past four years they have helped my company navigate the process of research and development incentives offered by the Federal Government.  This has been the single most important relationship we have had in financially supporting our journey as a start up.  I can't recommend this organisation highly enough.
  
 
 
  
 
 
 
 Sarah Hay 
 
 
 Sarah Hay 
 
2022-05-26
 
 
  
 
Damian, Angel and the team have held our hand through the application of numerous R&D claims.  They have consistently guided us through the collation of required information, ensuring compliance and simplifying the daunting task.
Swanson Reed’s involvement has been vital to our successful applications!

Quick Contact

News & Research

Mocean Energy Directs New Funds to Commercialization of Wave Energy Technology

Mocean Energy, a Scottish wave company, has secured €2.5 million in new equity. This funding, along with €572,000 in grant funding, will be directed towards driving the commercialization of its wave energy technologies. The new funds will help the Edinburgh and Aberdeen-based company commercialize and secure first orders for their wave energy technology, Blue Star, which will be built in Scotland and is targeted at decarbonizing subsea operations in the offshore energy sector. The equity funds come from existing investors including Equity Gap, Scottish Enterprise and Old College Capital, the University of Edinburgh’s venture investment fund, alongside new shareholders Norwegian impact investors Katapult Ocean and MOL Plus, the corporate venture capital arm of listed Japanese shipping conglomerate MOL. Mocean Energy is developing two different wave technologies. Their Blue Star is a device capable of powering a range of subsea equipment, inspection, and maintenance systems. The second, called Blue Horizon, is a larger machine designed to generate grid-scale electricity. Despite their differences in scale, both systems are based on the same concept. Their technology uses a hinged raft with a unique geometry that improves performance by up to 300 percent compared to traditional hinged rafts and increases survivability by diving through the largest waves. In 2021, the company was able to test a prototype model, Blue X, for testing in real sea conditions. Installed at European Marine Energy Centre’s (EMEC) Scapa Flow test site, the Blue X is generating power and data on machine performance and operation seen over the summer months. In addition, Mocean Energy has secured a Low Carbon Manufacturing Challenge Fund grant, targeted specifically at the detailed design, build and testing of key subsystems for their small-scale Blue Star wave energy machine. The low carbon fund is administered by Scottish Enterprise and is part of Making Scotland’s Future, a partnership between the Scottish Government, public agencies, industry, and academia that aims to secure a strong, sustainable future for the country’s manufacturing businesses. Who We Are: Swanson Reed is one of the UK’s leading R&D Tax Relief consultancies. We manage all facets of the SR&ED tax credit program, from claim preparation and audit compliance to claim disputes. If you would like to find out more about how your business could benefit from R&D Tax Credit, contact a Swanson Reed R&D Tax Advisor today.

Locit Achieves Carbon Neutrality in a UK First

Locit Limited has made history in their Deeside-based manufacturing site. The company is the first in the UK - possible in the world - to achieve complete carbon neutrality in their steel locker manufacturing. “We have achieved a UK first- and potentially a world first – for our sector using digital manufacturing techniques which put decarbonisation at the heart of our product, processes and culture.” said Richard Williams, CEO of Locit. The company has been granted PAS 2060 certification, which is deploying a holistic approach to reduce the environmental impact covering energy, supply chain, design, manufacture and packaging. PAS 2060 is the internationally recognised specification for carbon neutrality published by the British Standards Institution (BSI). It demonstrates carbon neutrality claims are both credible and verified to increase accountability and consumer confidence. It is a significant accomplishment for the SME manufacturer, which has booked almost £5m of sales in its first year’s trading to the end of September and has created 40 new jobs. The company is maintaining their focus, pushing towards net zero manufacturing. With these efforts, they are on track to reduce emissions at the factory by a further 50% this year. The company has implemented solutions from top to bottom, from supply chain to design, and from manufacturing to delivery. Locit uses recycled steel sourced from UK-based suppliers only. This reduces carbon impacts often associated with importing materials. They then use state-of-the-art 3D CAD/CAM software solutions that enable the design of products with minimum waste materials. Advanced manufacturing techniques are used to reduce energy consumption. This includes sector-leading advanced sheet metal machinery for fully-automated production runs, bespoke short-volume orders and R&D, and innovative powder coating techniques that recycle waste and reuse heat between processes. Data-led manufacturing means that production is integrated with cloud-based Material Requirements Planning (MRP) software to optimise stock and delivery management. Finished products are delivered to customers and suppliers using recycled packaging. Who We Are: Swanson Reed is one of the UK’s leading R&D Tax Relief consultancies. We manage all facets of the SR&ED tax credit program, from claim preparation and audit compliance to claim disputes. If you would like to find out more about how your business could benefit from R&D Tax Credit, contact a Swanson Reed R&D Tax Advisor today.

Copyright © 2024| Swanson Reed Specialist R&D Tax Advisors | Privacy Policy | SR Tax Services Limited | Swanson Reed is registered with HMRC AML Regulations and is current as of 20th April 2024