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Should I outsource my R&D activity or keep it in-house?

Should I outsource my R&D activity of keep it in-house? If you’re considering whether to bring some or all of your R&D project work inhouse versus outsourcing it, you’ll want to feel confident that you are making the right decision for your business operationally, but also to maximise your R&D claim.  Perhaps you’re about to …

Spring Statement Update 2022

Spring Statement Update 2022 As you may have seen on the news, the Chancellor announced his Tax Plan on 23rd March. Here is a quick overview of the key changes which may apply personally and/or to your business(es): Employing staff and taking salary from your business: · The threshold for paying National Insurance Contributions (“NIC”) …

You are not getting the tax advice you need…..

Stop! You are not getting the tax advice you need….and deserve There’s an unspoken truth when it comes to tax advice: for business owners, there’s a complete lack of transparency from advisors over what tax advice actually is. This means as a business owner: …..you don’t know what to expect from your accountant …..you don’t …

Finding R&D in Food & Drink

Find R&D Tax Relief in Food & Drink AM I ELIGIBLE TO MAKE A CLAIM? The key questions to ask yourself for any project you have undertaken are: 1.    Have you gone beyond “the norm” within your industry?This could be using new techniques, or re-thinking how something can be achieved because you were constrained by conventional …

R&D in Beauty & Cosmetics

Finding R&D in Beauty & Cosmetics R&D TaxRelief might not seem glamorous, but it is incredibly relevant for businessesin the beauty industry. There’s a huge amount of companies in the UK developingbeauty and cosmetic products from new start-ups to big multinational brands. That’s loads of innovation! It’s an industry pretty much driven by the need …

Can businesses making a loss claim R&D?

Can businesses making a loss claim R&D? This is a question that comes up a lot. The quick answer, if a business is making a loss, yes they absolutely can claim R&D tax relief (as long as they’re eligible ). But many businesses aren’t claiming because they don’t realise that even if they’re not turning …