One of the most generous aspects of the SME R&D tax relief claim is that companies can claim for subcontractor costs and externally provided workers (EPWs), commonly known as agency workers. However, claimant companies, especially SMEs, often find themselves dealing with ‘connected party’ rules. There are a number of ways that two businesses may be …
The appearance of sustainability and greenness is important to businesses. From petrochemicals to probiotics, modern publicity campaigns seem incomplete without a diverse gallery of smiling people. All living in the moment, surrounded by nature, and blessed with eternal sunshine. It’s no coincidence either. We’re suckers for emotional arguments, and that’s part of what makes us …
Are you claiming back up to 33% of your development costs? It’s a shame when brilliant ideas are left in limbo before they are able to come alive because of financial constraints. Did you know that most founders underestimate how much time their startup will need to achieve market validation by 2-3 times? What if …
Are you a tech business? Then you should be claiming back your development costs. Read More »
Research and development, or R&D for short, is the field of the advancement of knowledge that a private or public sector organisation may undertake, in order to develop or create new products, processes or services, or to improve upon those already offered. In other words, R&D, as a concept, represents the pursuit of innovation within …
Research and development – What is it, and how can it benefit you? Read More »
What fuels research and development (R&D)? Innovation! The sheer act of looking for something new stems from trying to do something better or fix a current problem, what other reason would there be to develop anything new or do any further research? We’ve written an article below of five new technologies coming of age this …
R&D in focus: Five new technologies coming of age this decade Read More »
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 …
How R&D tax relief can help alleviate financial strain due to Coronavirus Read More »
How having connected companies impact SMEs R&D Tax Credit Claim When filing an R&D tax relief claim, there is a specific guideline of the type of costs that qualify. If you want to learn more about that the type of costs that are eligible to be included in your R&D claim, you can read our …
What do ‘connected companies’ mean in the R&D tax credit claim? Read More »
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.
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 »