What software expenses can I claim for? Almost every R&D Tax Relief claim that we process includes some form of software costs. But it’s hardly surprising, as every business today has software costs. We use software in just about every business process we do! It’s also the one R&D cost that most businesses feel comfortable …
Category Archives: R&D
14 Quick wins to get EVEN MORE money back in your next R&D claim
14 Quick wins to get EVEN MORE back in your next R&D claim Remember that feeling when your first R&D tax refund hit money hit your bank account? Well, we want you to feel this every time you make a claim! How? By making sure you are prepared and maximising every R&D claim. To help …
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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 …
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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”) …
How to better forecast your R&D claim
How to better forecast your R&D tax claim When R&D tax relief first fell onto your radar, you were no doubt blown away by the generous benefit, of up to £33 back for every £100 you invest in R&D. But the truth is – as you may have already experienced – for R&D projects, the …
When it comes to R&D, timings are key
When it comes to R&D, timings are key! One of the most important aspects when making an R&D Tax Relief claim is timeframes. Not only are there strict deadlines, but depending on your business circumstances there is an optimum time to make your claim. The last thing you want is to miss out on maximising …
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 …
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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 …