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FAQ

Q. Are there any hidden charges for your work.

A. No, you only pay us if we win. There is no cost if we do not win. Our only cost is a percentage of your claim.

Q. We are a traditional Mittelstand company and we don’t think we’re engaged in R&D, can we still apply?

A. Yes, the Research Allowance includes all types and sizes of companies. It also includes social research and non-science based projects which other jurisdictions exclude.

Q. We don’t know how to identify research projects within our company?

A. We take care of the innovation strategy for you. We prepare a report and a roadmap which unlocks the tax credits or cash for you.

Q. How much time commitment is involved to complete an application?

A. It takes us 6wks to prepare your innovation strategy and the application. In total we need 1-2 days of time with your Team. Usually in 1hr weekly Zoom sessions. We are technologists rather than accountants so we understand the concepts and innovation across most industries meaning we take up less of your time.

Q. We are not yet profitable so we have no corporation tax to offset against, can we benefit?

A. Yes, if you are not yet profitable, or if you are suffering due to COVID-19 for instance and are no longer profitable, we will claim cash on a 1:1 ratio to tax credits.

Q. How much of our spend towards innovation projects can we claim.

A. You can claim 25% of all spend on payroll and contractors relation to innovation projects

Q. Does The Change able to advise on tax?

A. No, our advice relates to the Research Allowance only and does not include assistance on tax matters. Tax consultants and other professionals are authorized in accordance with Section 3 of the StBerG. We provide support for FZulG in cooperation with Accountants whom we can refer you to for tax advice.

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For more information email: info@thechange.vc an agent of change will get back to you.