The Government’s plans to become a scientific superpower by 2025 is picking up pace, with a substantial surge in R&D Tax Credits and their value. UK companies are continuing to increase their overall investment in R&D, claiming under both the SME scheme for small-medium sized businesses and the RDEC scheme for large enterprises. The scheme […]
Working with Mark at Jellyfish has been a great experience. He has been able to break down and explain processes clearly. Dealing with tax can feel like a minefield, but he was able to advise in a way that helped it make sense! I would highly recommend Mark Brightman for his organisation and great customer […]
March 7, 2024 By Luke_Webmaster 0 comments Next month, staff from Green Jellyfish, Aston Shaw and Impact Business Partnerships will be lacing up their running shoes and taking part in Run Nor… Continue reading March 11, 2024 By Luke_Webmaster 0 comments What drives R&D? Innovation! One must first try something new to accomplish something better […]
There is a common misconception that R&D tax credits are only available to research and development projects that are successful. This is not completely (if not,- a bit) correct as it all stems from the reasons as to why the R&D activities failed. For example, if the project has failed for business, commercial or legal […]
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. Food & Drink Sector – – Development of a new flavour, product […]
It has been almost one year since Business Secretary, Alok Sharma, published the R&D roadmap. This post will explore what has happened since that day and how the plans could benefit your business. As a recap, the vision (which was originally published on 1st July 2020) was to: “Cement the UK as a world-leading superpower”. […]
Many businesses are not aware that they could qualify for R&D Tax Credits. If you are spending money on innovation or development, then you might have a valid R&D tax claim in the pipeline. Unknown to many, there is a Government Scheme that could provide support to those who are taking risks in order to […]
R&D Tax Credits should be a go-to for many start-up companies simply because of the amount of innovation these businesses are involved in. These companies tend to always be eligible for a claim and as we know, startups are always after funding. There it makes us wonder why R&D tax relief claims are the lowest […]
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 […]
Today is Cycle to Work Day! We all know that reducing our carbon footprint is crucial to negate the environmental challenges we face. Cycling to work is a great way for individuals to reduce environmental impact. However, it’s no secret that more robust, industry-wide work is needed to achieve the UK’s net zero target. There […]
Working with Mark at Jellyfish has been a great experience. He has been able to break down and explain processes clearly. Dealing with tax can feel like a minefield, but he was able to advise in a way that helped it make sense! I would highly recommend Mark Brightman for his organisation and great customer […]
The UK’s R&D vision aims to have a net-zero status by 2050, meaning emissions from the manufacturing of transport will be zero, materials will be sourced sustainably and products will be designed to be more resource-efficient, recyclable and easier to re-manufacture. Vehicles, fuel, energy and new infrastructures are just a few examples of areas of […]
With the Government’s global emphasis on a sustainable future, there are plenty of domestic incentives created to boost sustainable production and practices. These incentives range from capital allowances (when purchasing energy-efficient or low carbon emission technology for your business) to getting tax credits if your business sends waste from the landfill to be recycled. However, […]
Every day the competition for small businesses (SMEs) gets tougher as many businesses now have to compete on an international level. This is where R&D comes in. Many smaller businesses are investing their time and resources into R&D so as to give their business a competitive edge. This could be by creating new products and/or […]
