The health supplement industry is growing at an ever-increasing rate, and consequently, we are seeing a surge in the amount of health supplement businesses. Particularly after the Covid-19 pandemic, consumers are becoming more aware of their health and well-being. This spurt of health consciousness in the UK in recent years has caused, on average, a […]
Keeping track of business expenses can be a frustrating process when it doesn’t seem to add up in the way you’d expected, but it’s an integral process to undertake in any business. By exploring efficient ways to track your expenditure, cash flow 9ins and out), and overall spending behavior, you’ll have a good update on […]
Keeping track of business expenses can be a frustrating process (to say least) when it doesn’t seem to add up in the way you’d expected but it’s an integral process to undertake in any business. By exploring efficient ways to track your expenditure, cash (ins and out)flow, and overall spending behavior, you’ll have a good […]
Claiming R&D Tax Credits is a quick and easy way for businesses to inject some extra cash. We are strong advocates of this scheme; it’s a great opportunity for businesses to improve cash flow, which at present, is more important than ever. Throughout the COVID-19 crisis, we have been advising our clients to consider making […]
As helpful and generous as the R&D Tax Credit scheme is for companies, there are some that abuse the system. The loopholes in the scheme make the incentive prone to fraudulent activity, hence why HMRC have invested heavily in 2021 for the internal system to become strengthened with obstacles to prevent these activities from occurring […]
Research & Development Tax Credits are a fantastic incentive from the UK Government. They have helped thousands of businesses all around the UK by giving them an extra cash injection or tax break. If your business is carrying out Research & Development activity such as product innovation or developing a new service to help overcome […]
Innovation is vital for our modern society; it keeps us ahead of global competition and discovering new opportunities. It is well known that innovation comes with risk that can be costly, which is why the UK Government introduced the R&D Tax Credits incentive in 2002 to reward businesses carrying out qualifying projects and activities with […]
With the Government’s R&D Tax Credit scheme, UK businesses have been given the opportunity to explore innovative methods into how they can become more efficient while influencing the wider community with their developmental strategy. This includes claiming back the costs involved in researching this approach. These R&D Tax Credits have made a huge difference to […]
The UK maritime and marine industry is a solid contributor to the national economy’s GDP (£3.5bn to be precise). The industry itself supports over 1 million jobs while also being responsible for 95% of UK global trade, which in monetary worth equates to over £500bn per year. With over 5,000 companies across the UK (through […]
Research and Development tax credits are a government tax scheme which rewards UK businesses for being innovative. Essentially, every time you develop new products/processes/services or enhance existing ones, you can claim back money in order to support these developmental processes within your business. Examples of innovation development in industries: Food & Drink Sector – – […]
Company A small, family-run restaurant successfully claims R&D tax credits. Project Development of a gluten-free alternative to one of their most popular dishes. Advance in Science or Technology To create a gluten-free alternative to one of their best-loved dishes, the restaurant had to: Investigate new ingredients and experiment with different recipes Develop & test different […]
The world is unpredictable even with uncertainties that are out of our hands to control such as the COVID pandemic. So trying to monitor and anticipate the markets is a task that will not be easy to do (putting it gently). Speaking of the COVID pandemic, this has added further uncertainty to the future of […]
Company A CNC machining company near Norwich. Following a conversation with the client, we quickly identified that the company was undertaking projects that qualified under the scheme. They were regularly creating and experimenting with prototypes and have spent a significant amount of time attempting to integrate different materials to create perfect products. Uncertainty With almost […]
As the road to an economic recovery continues, businesses are slowly picking up trade even with the restrictions being lifted on the 19th of July. However, there is still an element of saving money and reducing further costs that they originally incurred during the peak of the pandemic with the lockdowns etc. So for this […]
