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 […]
The Life Sciences sector contributes over £50 million to the UK economy, with industries such as Pharma and Biotech pushing the boundaries of innovation every day, and stimulating economic growth. UK life sciences firms regularly engage in overseas initiatives and clinical trials, from zoology to ecology and wellbeing, aiming to work towards not only increasing […]
R&D Tax Credits could provide your business with a much-needed cash injection, allowing you to power through lockdown. Believe it or not, the Governments Research & Development scheme has been around for two decades – but making sure you claim them as soon as possible, is more important than ever! Being seen online is more […]
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 […]
R&D (research and development) tax credits should definitely be considered by innovative UK businesses. If your claim is successful, your business can receive significant financial rewards, either in the form of a cash rebate or by a reduction in corporation tax liability. The R&D scheme was launched back in 2000 by the UK government to […]
From April 2023, there will be a number of changes to R&D Tax Credits. On the 20th of July 2022, HMRC published draft legislation for the scheme’s changes that were announced in the 2021 Autumn Budget. These changes will primarily affect businesses that are claiming under both the SME and RDEC scheme and will take […]
The Research & Development Tax Credits scheme has been called “unusual” due to the fact that this time, it is the Government giving you money rather than taking it. Although the scheme has numerous benefits, it is still overlooked by business accountants therefore not advising their clients about it. Lots of businesses believe that they […]
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