Increasing importance of external consultants for business growth

An article from Real Business provides a useful insight into why seeking advice from external consultants isn’t a sign of weakness in a business owner.

The MPA view:

Mike Price, director at The MPA Group, comments: “While it might feel like processing your R&D tax credit claim in-house is saving money, this can in fact be somewhat of a false economy. Doing it yourself takes time – time that could be spent on other business growth related or profit generating activities. Even though you might feel like you know your business inside and out, at MPA we understand how to translate complex R&D activity into HMRC’s language and to spot the activity that at first glance might not seem to qualify. In fact, on average we find that nine out of ten existing R&D tax credit claims are incorrect. So why expose your company to the risk of an HMRC enquiry?”