Company: EmpowerRD
Founder: Hari Sandhu
Website: https://www.empowerrd.com
About EmpowerRD
Founded in 2017, EmpowerRD has a simple mission: help businesses maximise growth opportunities by taking the pain out of claiming R&D tax credits. As the only truly technology-led solution aligned with HMRC’s Making Tax Digital agenda, EmpowerRD combines a proprietary claiming platform with expert support to deliver a streamlined, secure and efficient process. This approach ensures businesses remain compliant while getting the most value from their R&D activity.
Since day one, our goal has been to make government incentives easily accessible for businesses. The R&D tax claims process is riddled with complexities, and the scheme is becoming trickier to navigate as HMRC tightens its grip with stringent rules and regulations, resulting in some well-deserving companies missing out on non-dilutive funding at critical stages of growth and development.
But that’s why EmpowerRD exists; to help businesses confidently navigate claims to unlock the most value, all while remaining fully compliant with HMRC requirements.
Since launching, EmpowerRD has worked with over 1,200 businesses and amassed over £260 million worth in successful claims. They’ve uncovered over £1 billion of UK R&D contributions to the UK economy.
For many businesses, a big deterrent to claiming is the risk of an HMRC enquiry once funds have been granted, which requires another huge investment of time and resource. This is especially the case since enquiry rates have risen to 20% of all claims in the last year.
EmpowerRD’s track record, however, is substantially below the industry average, with less than 5% of EmpowerRD’s claims receiving an enquiry.
Like our clients, EmpowerRD must also stay ahead of the curve and respond quickly to HMRC’s changes. For example, there have been numerous policy updates recently, like the introduction of the Merged R&D Tax Relief Scheme, amended tax rates and the removal of relief for overseas R&D expenditure.
However, thanks to the continual development of the platform’s core features, EmpowerRD is able to quickly deliver our clients’ R&D claims in compliance with HMRC’s new regulations. Innovation is a crucial part of EmpowerRD’s own development. Using the latest technologies enables us to deliver real-time guidance back into our process to help both our own internal teams as well as our clients.
Our customer Streetbees has seen a 170% growth in their claim value since working together, and despite filing large claims, the business has faced no HMRC compliance checks, thanks to EmpowerRD’s meticulous approach.
Their Financial Controller, Alex Riseley, says: Using an agency or external provider gives the CEO a bit more comfort because you’re reducing the risk of rejection or investigation.
By removing friction from the claims process, EmpowerRD has helped the business achieve consistent success while staying fully compliant with HMRC’s regulations.
We take away our clients’ pain, while instilling greater confidence that their claims are watertight. As a result, the EmpowerRD platform, enabled by our expert advisors, is the most aligned solution to deliver on HMRC’s promise and vision of R&D relief supporting growth for the UK economy.
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