3 businesses lose £150k in R&D tax relief The tales of R&D At first glance you might think this is an article about claims that have gone horribly wrong….but oh no, it is so much worse. Read on to find out how three businesses have missed out on a collective sum of £150k. Here’s the […]
Category Archives: Business tips
Finding R&D in Software (Sports and Fitness)
Finding R&D in Software (Yes even in Sports and Fitness) Normally, when it comes to software, R&D is found in developing new techniques for building software and new software builds themselves – so your software development businesses. However, customisation of software to fit a business’s needs WILL also qualify where a technological advancement has been […]
What is Key Person Insurance?
WHAT IS KEY PERSON INSURANCE? Key Person Insurance is a form of commercial insurance which protects businesses against the financial loss it would suffer if a person considered a vital cog in their business died or was diagnosed with a critical illness. It is to ensure business continuity and succession planning, something overlooked by many business owners, particularly when the company is small. It pays out […]
Understanding your profit and loss statement
Understanding your profit and loss statement Your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an Income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the P&L shows transactions over a specific period of time. […]
Without Tax Diagnostic Software, your accountant cannot make you as tax efficient as possible. We can.
Without Tax Diagnostic Software, your accountant cannot make you as tax efficient as possible…… We can. Tax is complex. You may or may not know it, but the UK tax code is the longest in the world. Hidden amongst the ever-growing 11,520-page sea of legislation, there are hundreds advisory needs, saving opportunities and available reliefs – all created […]
Understanding Statement of Cash flow
Understanding statement of cash flow Revenue is vanity, profits are sanity, but cash is king – or so the saying goes. That’s because cash is what customers pay in, and what shareholders get as a dividend. So, you must want to know more about the impact of your business activities on your cash flow? Understanding Your Statement of […]
Successfully grow you business
Successfully grow your business Looking to scale your business? Many leaders rightly focus on improving their systems and teams, but you must also scale yourself to meet the new demands on your time and attention. There are three fundamentals to successfully growing your business: having a clear organisation structure, having comprehensive systems, and developing great leadership. Many […]
How financial Ratios will tell you if your business has solid foundations (and how to read a balance sheet)
How financial ratios will help you build solid foundations for your business. As a business owner you will own lots of assets, owe other businesses money and have shareholders. The balance sheet brings all these together in a financial snapshot showing the businesses financial position at a specific point in time. Together with the Profit and Loss Statement, and Statement of Cash-flow, […]
R&D – How to get more cash back into your business
Research and Development – How to get more cash back into your business In February 2020, the government pledged to increase public investment in R&D to £22bn a year by 2025, meaning there is a significant opportunity for businesses to invest more on innovation and get cash back into their bank. R&D is a tax […]
Are you eligible for R&D?
Are you eligible for R&D? Are you eligible for R&D? Some people enjoy reading long blogs whilst others prefer something quick to skim such as an infographic. Follow the step-by-step process below and then get in contact with our R&D specialist for a quick 15 min call to determine whether your business activities fall into […]