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 […]
Category Archives: R&D
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 […]
Finding R&D tax relief in: Construction
Finding R&D tax relief in: Construction AM I ELIGIBLE TO MAKE AN R&D TAX RELIEF CLAIM? The key questions to askyourself 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 […]
Why now? Preparing for your R&D claim. People costs
Why now? Preparing for your R&D claim People Costs Beginning preparations for R&D claim well in advance of the deadline is key to ensuring you secure the maximum claim. But what if your business is only in the very early stages? Making your R&D claim is unlikely to be on your radar. Or, perhaps you […]
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 […]
Why now? Preparing for your R&D claim
Why now? Preparing for your R&D claim Subcontractor costs For businesses that know they can make an R&D Tax Claim it might feel like you have all the time in the world prior to submitting that claim. With a deadline of 1 year after the year end filing date – so 2 years from end […]
The very real cost of DIY R&D claims
The very real cost of DIY R&D claims If I’ve caught your eye with this, I’m going to guess you’re either the business owner, or you’re the lucky person tasked to compile your R&D Tax claim; FD perhaps? Thought so. You lucky devil. No doubt you’re already experiencing the very real cost of doing R&D […]