Research and development (R&D) tax credits are a valuable tax incentive, created to reward UK companies that invest in innovation.

The credits are a valuable additional source of income to help businesses not only invest in research and development but also hire talented new staff to help realise their innovation goals.

R&D tax credits provide tax relief in several ways:

If your company is in profit it can reduce your Corporation Tax bill
If your company has been profitable in the past you could claim a repayment of company tax
If your company is making a loss you could claim immediate relief from HMRC

Many companies mistakenly think they cannot qualify for R&D tax credits because they aren’t operating in the high-tech sector. In fact, all kinds of businesses – from retailers to charities and solicitors to farmers could find they qualify.

Speak to our expert team and we’ll help you identify areas of your business which could qualify for R&D tax credits. Call us and speak with Prashant now to start the ball rolling.

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NHS Pension Management Solution

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International

Personal Tax and Wealth Planning

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Tim Cook

Young Professional Network

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International tax non dom

Personal tax compliance

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R&D tax credits

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Senior Tax Manager

Prashant Malde

Senior Tax Manager

Having qualified as a Chartered Certified Accountant in 2004 and then as Chartered Tax Adviser in 2008, Prashant has extensive knowledge in corporate and business taxes. He specialises in tax planning for small and medium sized businesses and provides his clients with sound solutions to help optimise their business’ tax positions. Prashant also has significant experience with personal taxes, enabling him to provide effective, technical advice to owner managed businesses.

By working closely with fast growing companies, Prashant is able to assist in securing business tax incentives and his professional areas of expertise cover the following:

Research & Development tax incentives
Venture Capital Schemes (EIS/SEIS)
Corporate reorganisations and restructuring
Corporation tax
Capital Gains tax
Employee share incentives

Read details on Prashant’s specialist skill set here

Wilder Coe are delighted to welcome Prashant Malde into our Tax Department. Prashant brings with him a wide range of skills and expertise and we are looking forward to watching him grow our Corporate Tax team.

Research & Development tax incentives

Prashant can provide businesses with advice on the availability of R&D tax reliefs and has carried out a number of successful claims for R&D tax credits. He has made claims for a range of businesses; especially those involved in new technology, health products and automotive innovation. Prashant can review your company’s recent activities and can advise on current and future projects that may qualify for R&D tax credits and undertake claims on your behalf.

Venture Capital Schemes

(SEIS, EIS and VCT schemes)

Businesses often require HMRC’s approval that one or more of the Venture Capital Schemes apply in order for them to raise qualifying investments. Prashant is able to advise companies of their eligibility in qualifying for these schemes and can deal with cases where HMRC is being difficult in providing their advance assurance. Potential investors will always want to see HMRC’s approval before investing their money. Prashant’s initial support is crucial to help pave the way for such businesses. His experience spans across a variety of industries such as hospitality, media & digital production agencies, sports, technology, and fintech.

Corporate reorganisation and restructuring

Prashant works alongside clients looking to make changes to their corporate structure. He is able to give advice on the full spectrum of taxes involved in such projects and can assist clients to arrive at an optimal tax position whilst keeping to the project’s overall commercial objective. Such projects may arise when there is a division in the business, a company acquisition/merger, a succession plan, or as a result of the business’ organic growth.

Employee Incentives

For clients looking to incentivise their employees through share awards and share options, Prashant is able to provide tax advice to both the employer and the employee on such incentives. By setting up incentive schemes with clients, Prashant has built strong relationships with lawyers who are able to assist with the relevant legal documentation.

If you would like to arrange a consultation with Prashant and understand how his expertise could be beneficial to you and your business, then please contact him on 020 7724 6060 or send a message here.

Prashant’s understanding and knowledge surrounding complex tax interactions allow him to effectively provide his clients with practical tax plans.

Professional Memberships

Association of Chartered Certified Accountants
Chartered Institute of Taxation

Qualifications

BA Accounting & Finance
FCCA
CTA

prashant.malde@wildercoe.co.uk

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