R&D Tax - FinShift

Overview

R&D Tax - FinShift is a GPT that produces expert guidance on UK Research & Development (R&D) tax. It mainly emphasizes providing a nuanced understanding of R&D tax claims specific to different companies.

It is designed by finshift.co.uk and requires the utilization of ChatGPT Plus. The main purpose of this tool is to grant users easy access to professional advice on UK R&D tax, supporting a gamut of companies, from startups to large corporations, in understanding and effectively managing their R&D tax claims and credits.

As a function-oriented tool, R&D Tax - FinShift offers users interactive prompts aiming to guide them through the underlying complexities of the R&D tax relief process.

These prompts include clarifications on the relief process for both large companies and SMEs, along with examples on how to calculate R&D tax relief, and criteria to determine project eligibility for R&D tax credits.

As part of the interaction process, the GPT requests company details and the nature of the claim, thereby ensuring a customised and efficient guidance experience.This GPT delivers a comprehensive understanding of both the procedural and the mathematical aspects of making R&D tax claims in UK.

Core offerings of this tool include clarifying the sometimes intricate R&D tax relief process and providing a robust framework to understand the calculation and eligibility of R&D tax credits.

Furthermore, R&D Tax - FinShift underscores the necessity of a company-specific framework in R&D tax matters, catering to the provision of personalised, need-based solutions.