As is this case in every industry across the globe, Covid-19 has generated mass disruption and unpredictability with every functional area within a business. Whether the department is logistics and supply chain down to finance and HR, every business has had to adapt their current policies to ensure a smooth and safe day-to-day operation. In […]
When it comes to deciding whether investing in R&D would be beneficial for your business, the answer is always yes. The benefits of investing in R&D a… Continue reading 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 eff… Continue […]
March 6, 2024 By Luke_Webmaster 0 comments We are fortunate enough to work with innovative businesses all over the UK. Many of these businesses remain unaware of the government’s R&D tax credit sch… Continue reading March 6, 2024 By Luke_Webmaster 0 comments Company A small, electrical engineering company with 5 employees. … Continue reading March […]
Chancellor Rishi Sunak has announced new R&D changes in his Autumn Budget speech, such as extending the R&D Tax Relief Scheme to include data costs and cloud computing as qualifying expenditures, with the aim to “support modern research methods” in overcoming scientific and technological uncertainties. Ensuring that the tax relief is targeted and strengthened will […]
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 […]
Company A brewery based in Suffolk. Project The brewery had a small product range and wanted to expand its offering. Uncertainty The company’s owners had created a new beer using non-traditional ingredients but faced uncertainty in whether it could be effectively produced at scale. Overcoming Uncertainty They designed and experimented with a new brewing process, […]
Small businesses are subject to numerous different types of taxes that you are required to pay, depending on what the business does and how successful it is. There are a lot of ways small businesses can catch a tax break, through utilizing UK Government tax relief schemes, but it can be difficult to decipher which […]
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 […]
Research and Development Tax Credits have many benefits. It can be a great way to add some extra cash to existing businesses in return for innovative practice, the claim itself can actually be claimed up to 2 years after the end of the accounting period that it relates to, meaning that many businesses are owed […]
After unprecedented change across the globe due to the Pandemic, it has resulted in a shift in food & drink persona’s and innovations. The food industry is one of the most important sectors in the world, but is constantly faced with the task to try and overcome issues such as overpopulation, supply chains, sustainability, health […]
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 […]
The official R&D statistics for 2021 (claims for the year ending March 2020), have been released by the HM Revenue and Customs (HMRC). The report provides information about the number of businesses that have claimed from the scheme, the value of claims, geographical data, and more. Key Takeaways The estimated number of claims for the […]
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 […]
“A budget is telling your money where to go instead of wondering where it went.” – Dave Ramsey Creating an R&D budget can be a lengthy and complex process that can often require involvement from numerous organizations and departments, and not to mention the endless approvals from supervisors and the individuals above them. The practice […]
