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Michael Newnham
R&D Tax Credits Specialist ★ Getting cash awards for SMEs ★ Working with ethical and sustainable businesses ★Innovation Consultant & Trainer ★ TRIZ trainer ★Vegan
Professional Background
Michael Newnham is a highly experienced professional in the field of Research and Development tax relief, with a comprehensive background that spans across various industries and organizations. He currently holds the position of Director - Technical at Quantum R&D Tax Ltd, where he has dedicated his expertise to assist businesses in navigating the complexities of R&D Tax Credit claims. With a keen understanding of the R&D Tax Relief scheme, Michael has successfully helped numerous businesses secure funding, enabling them to invest back into key areas such as hiring, equipment, software improvements, and new projects.
With over two decades of experience, Michael has served in numerous senior roles that highlight his profound knowledge in technology and engineering. Prior to his role at Quantum R&D Tax Ltd, he was a Director at Red Curve Ltd., showcasing his ability to drive innovation and technological advancements within organizations. His previous roles also include being an Innovation Specialist at Systematic Innovation, and the Director of Engineering at Bowman Power Systems, where he was instrumental in enhancing engineering processes and promoting innovation.
Additionally, Michael has a robust history as the European Technical Director at Deloro Stellite and as the Group Director of Technology at Doncasters. These positions reflect his capacity to lead technical teams and foster a culture of innovation within large organizations. His tenure as the Head of Materials at ABB Kraftwerke AG and Principal Technologist at Rolls-Royce further demonstrates his extensive experience in materials technology and engineering, making him a seasoned authority in the field.
Education and Achievements
Michael holds a Bachelor of Science with Honours in Materials Technology from Coventry University. This educational foundation has equipped him with a solid understanding of the principles and applications of materials science, which is crucial for the work he does in the tech and engineering sectors. His academic background, combined with his extensive professional experience, allows him to adeptly guide businesses on how to capitalize on the R&D tax relief opportunities available to them.
One of Michael’s significant achievements includes his active role in demystifying the R&D Tax Credit Scheme for businesses that may be unaware of their eligibility. He has played a pivotal role in transforming complex tax claims processes into manageable steps for companies, ensuring they can reap the benefits that government incentives provide. By educating businesses on the R&D Tax Credit scheme, he has helped them reduce costs and enhance their innovation efforts, thereby maximizing their growth potential.
Michael's strategic approach includes an in-depth process when working with clients to understand their unique needs concerning R&D claims. He engages in a comprehensive evaluation, technical interviews, and financial documentation compilation to ensure claim accuracy. His methodical chain of processes culminates in the creation of detailed technical and financial reports, which pave the way for successful claims.
Achievements
Under Michael’s guidance, many companies have successfully leveraged the UK government's R&D Tax Credit scheme, with the average payout for businesses currently resting around £84,000. This funding is a testament to Michael's passionate commitment to promoting innovation within businesses. Many of those he has assisted have utilized the funds to alleviate cash flow issues, hire new talent, purchase essential equipment, and embark on new projects, thereby enhancing their operational capacities.
Michael’s mission is to ensure that no company misses out on the financial support available through the R&D Tax Credit scheme due to lack of information, belief in eligibility, or time constraints. He champions transparency and offers free initial consultations where potential clients can assess their eligibility and gain insights into the claims process without any costs involved. Michael’s commitment to service is evident in his no-risk approach—he only charges a fee if the claim is upheld, which alleviates any financial burden for his clients.
As the business landscape becomes more conducive to innovative practices, Michael Newnham remains a crucial asset for companies seeking to enhance their operational capabilities through R&D tax relief. His dedication to fostering innovation and driving business improvement is clear, and he embodies the spirit of progress in the ever-evolving world of technology and engineering.