architecture

“Play with purpose” — how this architectural firm is pushing boundaries with their R&D

This company is celebrated for their innovative architecture and design practices that attempt to fully integrate the design process to the smallest details. Their belief in the constant progression of environmentally sustainable solutions and their approach to design in an end-to-end manner meant that their projects continually pushed architectural and design boundaries.

randd

Not every R&D consultancy is the same just look at our engineering client

Having successful R&D claims are not always straightforward, take our client in the engineering sphere. They have talked to other R&D consultancies, but when the consultancies looked at their work, they said it didn’t qualify. Almost fully discouraged, they decided to give it one last go and talk to us at Novel and we are so glad they did because we were able to find some incredible projects worthy of R&D tax relief.

R&D tax relief

How R&D tax relief can help alleviate financial strain due to Coronavirus

Can R&D tax relief be a lifeline for your business? Small and medium-sized enterprises (SMEs) are the lifeblood of the UK’s economy so don’t let the name fool you. According to the Department of Business, Energy and Industrial Strategy (BEIS), 99.9% of the UK’s business population are SMEs, which means large businesses only make up …

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Net natives case study

Unforeseen Benefits – Net Natives Case Study

Steve shares the unforeseen benefit of doing an R&D Tax Claim that surprised us all! Any business that invests in research and development, or is being innovative for themselves or for their clients could be eligible for R&D tax credits. Brighton-based full-service marketing firm Net Natives is one of many businesses that we help take advantage of the government’s Research & Development tax relief scheme.

costs

What costs qualify for SME R&D tax relief?

For a business to successfully claim R&D tax relief benefits, it needs to understand what are the qualifying costs. HMRC has a specific guideline of the type of costs that are eligible and not eligible for the R&D tax credit. Depending on whether a company is loss-making or profitable, a small or medium-sized enterprise (SME) can receive between 14.5% and 33% of its R&D cost back as cash or tax credit. Overall, direct and externally provided staff, subcontracted R&D, consumables, energy costs, software, trials, prototyping and independent research may all qualify for R&D tax relief. Costs that are not eligible are production and distribution of goods and services, marketing, payments for the use and creation of patents/trademarks, cost of land and hosting, as well as capital expenditure.

tax credit

All you need to know about RDEC vs SME R&D Tax Credit, and what’s the difference?

A company that is undertaking innovative research and development work may be eligible to claim R&D Tax Credit under one of two schemes Research and Development (R&D) tax credit is a valuable government tax initiative that is designed to encourage and reward companies investing in R&D projects that will help further knowledge in a given …

All you need to know about RDEC vs SME R&D Tax Credit, and what’s the difference? Read More »

construction

Incredible Case Study – 3D Mapping Company

How did a 3D Mapping Company claim Research and Development tax relief in the construction market sector? The 3D Mapping Company mission is to help people like architects, real estate developers and local authorities, to organise, visualise & analyse city data so they can make better building decisions.

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