Introduction to Deloitte’s Gi3 team
Our specialist team of engineers, scientists and tax professionals is here to assist and advise you on the many lucrative R&D incentives that are available, such as the R&D tax credit, Government and EU Grants, and the KDB. This is done through enhancements to approach, methodology and the introduction of new technology for business with large scale R&D operations in Ireland. We provide multi-jurisdictional R&D performing business with an opportunity to standardise their R&D incentives approach globally.
The Deloitte Gi3 team is made up of scientists and engineers from multiple disciplines. We work with our clients in a way that is underpinned by our technical knowledge and an understanding of the processes, systems and controls that have been developed by you and your teams over time.
This technical understanding of the activities undertaken is particularly important in the current incentives environment, where increasing scrutiny on claims and applications by the Revenue and awarding bodies is being observed.
The breadth of experience in our team covers a wide range of incentives including:
· Audit assistance and support
· RD&I grants
· EU grant aid and funding specialists
· Knowledge Development Box (KDB)
· Broader RD&I, capitol and employee incentives
· Global perspective
How we can help
Identifying and successfully applying for suitable incentives and all qualifying R&D activities can be challenging for businesses of all sizes. This coupled with the increasing demand for robust R&D processes, supporting technical reports, as well as risk of regulatory scrutiny, mean that the administrative burden on claimants is growing.
Does your business:
· Have significant R&D activities in Ireland?
· Manage multiple technical teams reporting centrally?
· Manage multiple cost/profit centres for R&D activities?
· Have separate unconnected R&D locations?
· Have difficulty reporting R&D costs on Enterprise Resource Planning (ERP) application?
· Have qualifying R&D activities outside your core R&D cost/profit centres?
In our experience, each of the factors above can present additional difficulty in preparing and defending incentives applications, in particular your R&D tax credit claims. If any of the above apply to you, our specialist team can assist in innovating new approaches and methodologies to improve the way in which you manage, measure and report on the qualifying R&D activities for the incentives available in Ireland and globally.
Gi3 can assist with all, or any one element, of your R&D incentives process-
· Scoping
· Educational workshops
· Qualifying activity identification
· iSmart (Deloitte’s bespoke R&D incentive management software)
· Document preparation
· Financial and tax analysis
· Claim submission
Deloitte combines deep tax technical expertise with highly experienced scientists and engineers. This knowledge is augmented by our industry leading ISmart technology.
R&D incentive claims often receive intense regulatory and Revenue scrutiny. Gi3 can provide assistance in the resolution of any such audits as well as support related to claims. In short, we assist with information requests or objections from regulatory and granting bodies, in particular supporting client teams throughout the R&D Tax Credit Revenue Audit process.
Why Deloitte?
Specific added value
The Deloitte Gi3 team are keenly aware that R&D performing companies have been continually improving their systems, controls and processes over many years. Our aim is to work closely with businesses to understand clearly where we can assist and, where appropriate, streamline, improve and create efficiencies in the specific areas where we identify opportunities to do so.
Wider Incentive opportunity
Businesses should continually review the opportunities for grants and government incentives, particularly RD&I funding. Our team are specialists in this area and can advise on national and EU funding availability. Our EU funding Centre of Excellence (COE) in Belgium helps companies navigate the often complex EU funding landscape and helps them win more funding calls. Deloitte in Ireland has a specialist team within this COE as well as Gi3’s global incentives team which can help with any wider, global incentives queries you may have.
Assessment/discovery meeting
Gi3 is made up of scientific and technical staff who fit your technical teams profile, understand their language and have experience building claims in your industry. This coupled with our tax technical R&D specific expertise means that we can meet you, and assess with relative ease how and where we can add value to your specific R&D claim process.
Deloitte difference
Deloitte Gi3 understands the global dynamics that affect the funding of your innovation and investment strategy.
Game changing Technology
I Smart is a survey application and database that helps clients to automate the information gathering process associated with qualifying R&D projects. Additionally, it is designed to capture information about certain activities that may qualify for additional grants and incentives.
Tax Technical teams
Our tax experts in Ireland deal specifically with Government incentives like R&D tax credit and KDB. We have exposure to hundreds of claims per annum and significant Revenue interaction. Not only to assist clients but to help Government develop and design incentive policy.
Global Reach
Gi3 lets you see the broader playing field by identifying incentive opportunities available to your company and standardising your approach and methodologies.
Scientists and Engineers
We can assist you by ensuring that all activities that should qualify for R&D tax credits are identified, assessed and documented. Our team is experienced in all sectors including, Software (including Fintech), Biotechnology, Pharmaceutical, manufacturing, Petrochem, Aerospace, chemical and utilities industries.
Let’s Talk
Meet our specialist team, allow us to discuss your RD&I situation. Our global view, expert team and best in class claim preparation approach may uncover significant areas where we can add value, efficiency, accuracy and robustness to your process.
Specific added value
Deloitte’s Gi3 team are keenly aware that R&D performing companies have been continually improving their systems, controls and processes over many years. Our aim is to work closely with businesses to understand clearly where we can assist and, where appropriate, streamline, improve and create efficiencies in the specific areas where we identify opportunities to do so.
Wider Incentive opportunity
Businesses should continually review the opportunities for grants and government incentives, particularly RD&I funding. Our team are specialists in this area and can advise on national and EU funding availability. Our EU funding Centre of Excellence (COE) in Belgium helps companies navigate the often complex EU funding landscape and helps them win more funding calls. Deloitte in Ireland has a specialist team within this COE as well as Gi3’s global incentives team which can help with any wider, global incentives queries you may have.
Assessment/discovery meeting
Gi3 is made up of scientific and technical staff who fit your technical teams profile, understand their language and have experience building claims in your industry. This coupled with our tax technical R&D specific expertise means that we can meet you, and assess with relative ease how and where we can add value to your specific R&D claim process.
Deloitte difference
Deloitte Gi3 understands the global dynamics that affect the funding of your innovation and investment strategy.
Specialist technical/scientific team
Deloittes Gi3 team is made up of scientists and engineers from multiple disciplines. We work with our clients in a way that is underpinned by our technical knowledge and an understanding of the processes, systems and controls that have been developed by you and your teams over time.
This technical understanding of the activities undertaken is particularly important in the current claim environment, where a higher percentage of claims are being selected for Revenue scrutiny.
RD&I experts
The breadth of experience in our team covers a wide range of incentives including-
- R&D tax credits
- Audit assistance and support
- RD&I grants
- EU grant aid and funding specialists
- Knowledge Development Box (KDB)
- Transfer pricing expertise
- Broader RD&I, capitol and employee incentives
- Global perspective
Game changing Technology
I Smart is a survey application and database that helps clients to automate the information gathering process associated with qualifying R&D projects. Additionally, it is designed to capture information about certain activities that may qualify for additional grants and incentives.
Tax Technical teams
Our tax experts in Ireland deal specifically with Government incentives like R&D tax credit and KDB. We have exposure to hundreds of claims per annum and significant Revenue interaction. Not only to assist clients but to help Government develop and design incentive policy.
Global Reach
Gi3 lets you see the broader playing field by identifying incentive opportunities available to your company and standardising your approach and methodologies.
Scientists and Engineers
We can assist you by ensuring that all activities that should qualify for R&D tax credits are identified, assessed and documented. Our team is experienced in all sectors including, Software (including Fintech), Biotechnology, Pharmaceutical, manufacturing, Petrochem, Aerospace, chemical and utilities industries.
Let’s Talk
Meet our specialist team, allow us to discuss your RD&I situation. Our global view, expert team and best in class claim preparation approach may uncover significant areas where we can add value, efficiency, accuracy and robustness to your process.
Visit the Global investment and innovation incentives (Gi3) webpage for more information.
