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Tax Cloud for businesses
Using Tax Cloud for your R&D tax credit claim is simple, fast and cost-effective. Our portal is designed to help you secure your claim quickly and at an affordable fee.
What is Tax Cloud & How Does It Work?
Tax Cloud is an online portal that offers Irish businesses the ability to prepare their own R&D Tax Credit Claim like an R&D claim expert. Ensuring your claim is secured, maximised and at a much lower fee than traditional consultancy.
Tax Cloud works in 4 simple steps:
Describe your R&D activities and add your costs
Add your R&D projects, activites and costs in the Tax Cloud portal.
Myriad’s experts review and check your claim
Myriad’s specialist consultants review and support your claim by providing feedback and recommendations.
Download your completed R&D claim report
Tax Cloud takes your project descriptions and costs and creates the R&D tax claim report. Myriad will submit this report to Revenue Commissioners on your behalf and answer any questions raised by Revenue Commissioners.
A great cost effective collaborative service. Myriad provide the knowhow to ensure the technical justification & claim will be approved by HMRC. Whilst I as the accountant coordinate with my client & provide the costs through the online portal.
Tax Cloud is an excellent service. It guides you through the process of applying for an R&D tax credit with expert advice and support and is far cheaper than any other R&D advisory service I've come across.
I have nothing but good things to say about Tax Cloud. My R&D claim went through issue free thanks to the help and support of the team. Would highly recommend
The Tax Cloud consultants helped scope and refine our claim offering really useful online feedback and expertise when needed. The cost capture was easier than ever and it saved us time and money! I would highly recommend their service.
Tax Cloud makes the process of completing an R&D tax credit claim very straightforward and quick. It’s also a very cost effective route and you still get all the advice and guidance you need. We prepared our last claim from start to finish in about 2 weeks!
We have been very happy to use Tax Cloud the last couple of years to help us manage our R&D Tax Credits. The system is well organised into a sensible workflow and the help we have received from the team has been really first rate. Consequently, we've motored through the process with no problems at all. Highly recommended!
Tax Cloud has made R&D tax relief truly accessible to small businesses who are in the process of innovating - and meets a genuine need for help to simplify and clarify this. The process was straight forward and the Tax Cloud team were brilliant…
Why use Tax Cloud
Low fees
Fees charged for Tax Cloud will ALWAYS be cheaper than traditional services. Cost savings are incurred as you yourself invest the time to input data into the system.
24/7 access
Tax Cloud offers you the ability to begin and process your claim as quickly as you want.
Direct access to qualified advisor(s)
Tax Cloud supports numerous channels of communication allowing you to get expert advice at a fraction of the cost of full-service consultancy.
Peace of Mind
By using Tax Cloud you can ensure every aspect of your claim is in one place, which makes it easier to manage and quicker to process.
| Features | Tax Cloud | Boutique R&D Advisor |
Accounting Practice |
DIY Claim |
|---|---|---|---|---|
| Focused expertise in R&D claims | ||||
| Online service, no meetings | ||||
| Dedicated specialists in SME R&D claims | ||||
| Expert review of all aspects of claim | ||||
| Quality service at a low fee | ||||
| No upfront fees | N/A | |||
| No minimum contract period | N/A | |||
| Xero Integration |
R&D Tax Calculator
This R&D tax credits calculator will provide you with an estimate of the corporation tax savings that you may receive from Revenue Commissioners following a claim for R&D tax credits.
Tax Cloud FAQs
Your fee for using Tax Cloud is only 5% or 10%.
For claims receiving more than €200k in tax savings, the fee for using Tax Cloud is 5%. For claims receiving up to £200k in tax savings, the fee for using Tax Cloud is 10%. These fees are subject to a minimum fee of €1,250 + VAT. Use our calculator above to determine what price you will pay to benefit from Tax Cloud's R&D claim reports and expert guidance.
Tax Cloud is not a DIY service, whilst you input the information into Tax Cloud, our team of R&D experts advise, review and approve each stage of the claim process including dealing with Revenue Commissioners post-submission. This ensures your claim is maximised, secured and you save on fees typically incurred with full a consultancy approach.
Tax Cloud is fully integrated with Xero which means that payroll and supplier costs are transferred with just a few clicks. This makes it extremely quick and easy to proceed with your claim and acquire your relief.
Any project that aims to make an advance in science or technology or to make an appreciable improvement in existing technology may be eligible for R&D Tax Credits. As part of the Tax Cloud process our experienced specialist consultants review the details of your projects and can offer you more guidance if necessary. If you’re unsure whether you qualify, please contact us on the form below and we can quickly and confidentially establish whether you would succeed with a claim.
Eligible costs include outsourced costs (3rd party sub-contractors, individual consultants and staff agency), material costs and overheads.
Sure, simply fill out our contact form and we’ll be happy to offer any advice we can.
Contact us
Please use the form below to send us an email.
18TH SEPTEMBER, 2020
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