TBAT Innovation Ltd: A value-led independent consultancy working with technology & research and development organizations all over the UK
Published: 2022-05-14 | Author: VisionariesNetwork Team
In today's fast-paced business environment, innovation is the key to success. For technology and research and development organizations, securing the necessary funds to drive innovation is crucial. TBAT Innovation Ltd, a value-led independent consultancy with over 20 years of experience, understands the importance of offering a wide range of innovation support services to help companies succeed with their R&D projects and add value to their clients. In this article, Visionaries Network will delve into the services offered by TBAT Innovation Ltd and explore the benefits of their expertise in grant funding and R&D tax credits.
Core Values
At TBAT Innovation Ltd, the team’s core values are built around four key principles: Vibrant, Integrity, Collaboration, and Respect. Their enthusiastic business advisors are passionate about supporting growth through innovation and research & development, ensuring that their services are delivered with trust, transparency, and honesty. They foster a collaborative environment, working closely with clients and stakeholders to ensure that their services meet their needs.
TBAT Innovation Promises to You
TBAT’s approach each client and project with utmost care and attention, treating them as their own. To ensure quality and compliance, they have implemented various processes, including ISO9001 Accreditation and Anti-Money Laundering Checks. TBAT’s in-house accountants review all financial reports before submitting data to HMRC, and provide HMRC Enquiry Support to ensure that their clients receive the credit they deserve.
R&D Tax Credits
The R&D Tax Credits scheme is an HMRC incentive designed to encourage innovation and increased spending on R&D activities by UK businesses. Claiming R&D Tax Credits can be a complex process, but TBAT Innovation Ltd.’s expert consultants can guide you through it. TBAT’s aim is to simplify the process with minimal disruption to your business, ensuring that you receive the credit you deserve.
R&D Tax Credit Calculator
TBAT’s R&D Tax Credit Calculator provides an indicative figure on how much R&D Tax Relief you could receive from HMRC. This can be done for the current financial year and the two previous years.
R&D Tax Credits Schemes
The UK government offers various R&D tax credit schemes, including the SME R&D tax credit scheme and the R&D expenditure credit (RDEC) scheme for larger companies. These schemes aim to stimulate technological advancement and drive economic growth by supporting businesses in their pursuit of innovation and development.
Online R&D Tax Portal
TBAT Innovation Ltd.’s Online R&D Tax Portal is an expert-supported, interactive online system that allows you to process your own claim hassle-free. This innovative system provides increased visibility of your claim from start to finish, allowing you to provide information at anytime from anywhere.
How the Online Portal Works
The Online Portal is designed for all manner of claim sizes and complexity. Depending on your preference, you can input key company, financial, or technical information yourself or work with an R&D Tax Consultant to complete the claim. The system is flexible and adaptable, allowing you to work with your accountant or invite key individuals to specific sections of the claim.
Sam Stephens, Director
Sam Stephens, Director of TBAT, founded the company in 2002 as a comprehensive consultancy, dedicated to supporting small and medium-sized enterprises (SMEs). Over the course of the next five years, TBAT evolved into the innovation-driven enterprise it is today, with a focus on guiding companies through the entire lifecycle of new product and process innovation.
As a passionate engineer, Stephens has been fascinated by mechanical innovation from a young age, having spent his childhood tinkering with lawnmower-powered go-karts and radio-controlled aircraft. This passion still remains strong today, as he enjoys vintage and classic car restoration.
Stephens began his career as a graduate and manufacturing engineer at Rolls-Royce Aerospace before moving to Rolls-Royce and Associates as a Development and Project Engineer. During his four-year tenure, he designed and implemented repairs to the UK's nuclear submarine fleet, gaining valuable experience in engineering and an appreciation for the deployment of new technology in demanding environments. Later, he spent three years as a project manager at Alstom, overseeing gas turbine development and testing, which further expanded his skill set and knowledge. Currently, Stephens heads up Business Development and R&D Tax Credits at TBAT.
“We can help you access Grant Funding, R&D Tax Credits, Video Games Tax Relief, SEIS / EIS, Capital Allowances, and Patent Box.”
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