Covid-19 has created new obstacles for millions of companies globally, and one of the largest challenges has been the “working from home revolution.” According to the UK Governments study, in April 2020, 46.6% of people in employment across all sectors were made to clear their workspaces and head home to set up a home office, […]
The UK government has released a new Whitepaper that outlines ways to level up the UK, with focus on closing the gap between the UK’s superpower cities and more deprived areas of the UK. The whitepaper includes plans to help cities such as Glasgow to become an Innovation Accelerator, driving employment levels and greatly improving […]
When it comes to working out how much R&D Tax Credits you may be eligible to claim, using our Tax Credits Calculator is the quickest and most efficient way to do this. The R&D Tax Credits scheme is a government incentive designed to reward businesses who are spending money on innovation, the aim is to […]
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 […]
When wondering whether your business is eligible to claim under the R&D Tax Credits Scheme, it can become difficult to find R&D Tax Credit examples for businesses similar to yours, so we have compiled R&D Tax Credit Project Examples from different industries to give a clear indication of what HMRC are looking for, and what […]
Company A small, electrical engineering company with 5 employees. Project A large office block wished to integrate their heating, cooling, lighting and communication systems, so a local electrical engineering company was tasked with finding a solution. Uncertainty The combination of disparate systems had not previously been integrated in such a way, so the firm faced […]
Research and Development (R&D) is a broad process that encompasses different variations of definitions. Each industry has its own unique approach to R&D. This is what makes the process of it so intriguing albeit a frustrating one to say the least. By Green Jellyfish’s definition of R&D, it is the process of taking an idea […]
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 […]
