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Work Hard, Play Hard….Protect Your Success

Work Hard, Play Hard….Protect Your Success As a business owner I’m driven by two things: working hard to protect my future and success for my family and delivering the properfinance function small businesses need. And like all my clients, I’ve worked my butt off to get where I am today. However, setting up my business …

COVID-19 SUPPORT: IMPLICATIONS TO R&D CLAIMS

COVID-19 SUPPORT: IMPLICATIONS TO R&D CLAIMS Coronavirus Business Interruption Scheme Loans: Companies that take out a loan via the Coronavirus Business Interruption Loan Scheme must ensure they are aware of how it may impact on the size and scope of their R&D claims. A Coronavirus Business Interruption Loan (CBIL) will be classed a notified state …

3 businesses lose £150k in R&D tax relief

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 …

5 ways R&D could save your business

5 ways R&D could save your business 1. R&D Tax Relief for a business with no previous claims An SME company that qualifies for R&D Tax Credits can receive an extra deduction of 130% of qualifying costs against their taxable profits. This is in addition to the 100% revenue deduction already given. For loss-making companies, …

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 …

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 …

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 …

R&D Tax Credits Infographic

Want to find out more Arrange a 15 minute call with our R&D Tax specialist. Contact us Company Services About us Cookies and Privacy Policy Contact Us Partners Resources Free Guide Articles get started Contact us Free Guide Articles Free guide – 7 mistakes to fix to avoid running out of cash If you have …