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More money for your business – tax savings during covid 19

More money for your business than you know Even with a little glowing light at the end this unimaginably long tunnel, it does feel like for 2021, things just managed to get worse. But we’re not here to spread doom and gloom. We want to bring hope and open your eyes to options that until …

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 …

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 …

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 …

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 …