The R&D tax specialists now have access to a global team of 250 professionals, as the GovGrant CEO targets expansion.
GovGrant – one of the leading UK R&D tax specialists – is stepping up its efforts to consolidate the fragmented advisor market. At the same time, it has called for greater consistency from HMRC, to nurture business confidence in the advisor market.
This comes after GovGrant was acquired by Source Advisors, giving it extra capital to carry out its own acquisitions. The UK is a key part of Source Advisors’ global strategy, and they will use GovGrant as a beachhead for their inorganic UK growth plans.
During a period of instability caused by multiple legislative changes and heightened HMRC scrutiny, GovGrant feels that now is the time to bring the best of the market together. The aim is to carefully navigate these issues for clients, accountants and, indeed, HMRC.
Luke Hamm, CEO at GovGrant, says:
“Long gone are the days of aggressive marketing and fly-by-night advisors, and we very much welcome the sea change caused by recent developments. Yet, HMRC have created a level of inconsistency and uncertainty that is damaging the advisor market and hitting business confidence.
“As a business deeply invested in supporting the integrity of the R&D tax relief schemes, I strongly believe that we have a role to play and can offer a home to other advisors left frustrated by the tactics currently being deployed.
“Right now, businesses need trust in their R&D tax advisor. HMRC, meanwhile, needs confidence that the advisor market is fit for purpose. By becoming a clear market leader, well-recognised for high standards, GovGrant can be a much-needed solution in this space.”
Vicki Morrall, Accounting Partner Director at GovGrant, says:
“I was hugely pleased to become part of the GovGrant team after my firm was acquired by them in 2021. With the backing of the full GovGrant team and processes, our clients now have access to a broader range of technical expertise, dedicated account management and robust enquiry defence. Additionally, our clients now benefit from the wider IP services offered by GovGrant, which can help them protect and commercialise their intellectual property.
“Most businesses place great trust in their accountants and rely upon them. So the legislation, administration, complexity and risk surrounding R&D tax means many accountancy firms now face much heavier workloads and significant strain. However, the more GovGrant grows, the more firms we can support – at a time when it’s very much needed.”
