OTTA

How Zyla Accountants deliver successful R&D Tax Relief for Otta.

Industry: Tech & Careers

THE JOURNEY

Otta Technology was founded in 2019 and met Zyla early in their startup journey in 2020. Alarmingly when Otta Technology met Zyla their previous accountant had not pushed to submit the R&D tax credit which shows how important it is for startups to work with an accountant looking at all tax angles specific for a startup.

Otta is well established in the startup world and lead the way in startup recruitment within the Tech sector. Their platform has taken job applications to the next level with their machine learning capabilities to match candidates to their most desirable jobs. They are also paving the way for equal pay by pushing for all job posts to disclose the salary offered.

THE PROCESS

  • Year End Accounts produced to 31st December 2021

  • Initial R&D meetings with CTO & FD of Otta in April 2022

    • Zyla discuss the projects undertaken by the company in the year

  • A cost analysis is then created, a percentage of staff costs is discussed, software qualifying as R&D is highlighted, and detail is prepared for Otta's technical narrative.

  • Zyla produce a draft technical narrative in April 2022 utilising its internal template designed in-house.

  • Zyla submitted R&D Tax Credit claim and Otta received their R&D Tax Credit cash repayment within 2 months.

Sarah Cadwallader - Otta

“Zyla managed the whole R&D claim process extremely efficiently. We had one call where the CTO ran through each of the projects & Zyla asked all the right questions to get the information needed during this call. We received the funds from HMRC much earlier than we had in the previous year, when we hadn't used Zyla to prepare the claim.”

The Result

  • R&D Tax credit received by Otta within 2 months

  • Cashflow boost - providing important inflow following the financial year end

  • Accounts filed and Corporation Tax return filed in a timely and appropriate timeframe post year end.

Zyla accountants - Case study

Get the rewards for your innovation. grow YOUR BUSINESS with ZYLA.

  • Experts in research and development

  • 5 years of filing experience

  • A transparent, cost-effective pricing system

  • End-to-end support and easy onboarding

  • Xero & Google Sheets cloud based platforms

  • No payment until funds are received

  • There are no additional charges for HMRC enquiry support

Contact us today on 0203 468 2241 for support with your claim.