12th December 2021
R&D Tax Relief is complicated, the guide at HMRC covers a multitude of areas and covers several hundred pages across both the SME Scheme and Research and Development Expenditure Credit (RDEC). It covers things such as: Qualifying conditions Eligible costs Differences between the SME Scheme and RDEC How to treat R&D expenditure […]
22nd November 2021
One of the most over looked things when people first talk to us about an R&D Tax Credit claim is that the claim is linked to your Statutory Accounts and your Corporation Tax Return. You can’t claim without preparing these other two essential documents and you have to fill in a number […]
26th October 2021
“There is far more that unites us, than divides us” is a phrase that you might often here in politics. It is the same when it comes to claims for Research and Development Tax Relief. R&D Tax Relief is a cost-based tax relief that is designed to reward companies undertaking a project […]
13th October 2021
It’s that time of year again – “R&D Tax Relief Statistics are out!” Every Autumn, around the end of September or in early October, the Office for National Statistics and HMRC distribute their annual review of the R&D Tax Relief Scheme. This year, they are reporting on claims for the tax year […]
17th September 2021
COP26 is just around the corner and innovation in sustainability is very much on the agenda. You only have to see some of the recent announcements such as: – Phasing out new Diesel and Petrol Cars by 2030 – Shell installing a network of 50,000 of accessible on-street and on forecourt EV […]
27th July 2021
Over the last 12 months there has been a lot of talk in the accounting and tax profession about the rise in the number of “R&D Tax Credits Experts” coming into the market and even more concern about the quality of the work that they produce. There has also been a significant […]
18th June 2021
As a slight change to what I normally write about, I thought I would introduce you to a company we have been working with for the last 3 years, who I hope you will be seeing a lot more of in the future. Tensei think it is ‘Smart to use what is […]
9th June 2021
Are we there yet? Four words that used to drive any parent absolutely insane, but after the last 13 months, are probably now music to the ears of a lot of us. I don’t know about you, but out of an abundance of caution, we didn’t take our summer holiday to Europe […]
4th June 2021
You may take our lives, but you will never take our freedom! Mmmm, well, that’s not really what’s happened over the last 15 months with Covid and all that we have endured as a nation, and to a certain extent as one humanity. When you throw the ongoing impacts of Brexit into […]
23rd March 2021
Is sustainability still on your list of business priorities? As we have started the new year with encouraging news about vaccines and hopefully a more positive outlook on the year ahead than perhaps we might have had six months ago, when many business owners thoughts were more focused on survival, it’s important […]
22nd March 2021
Launching your new product can be more of finance boost than you think. A product launch is always a fantastic opportunity for a company to celebrate their success. However, this year it’s a bit different, you won’t be doing a hard launch on a stage at a fantastic business exhibition with 100s […]
11th March 2021
Spring is freeing the best kept business secrets! Hopefully, your business isn’t ready to be pushing up these daffodils (I know it’s daisies but give me some artistic licence here!) just yet, but not every business’ garden is blooming right now, and there’s probably still a squeeze to come as we get […]
11th December 2020
So 2020 is almost at an end! It has been rubbish hasn’t it, but there’s still time for a Christmas Bonus! Don’t let the opportunity pass your business by for another year. 2020 should have been a decent year; it was the start of new decade; we should have got a final […]
14th August 2020
It’s been a strange year so far, but bizarrely the quarter to March was one of our busiest and yet although April and May are always a case of after the Lord Mayor’s show, April was pretty much dead, we only had two small claims that we slowly progressed. I think everyone […]
10th August 2020
Sybil, Baubles, Innovation and the Tax Man It could be a sketch from Fawlty Towers, but it isn’t! It’s happening right here, right now. There has been a lot of new acronyms flying around these last few months, but with new acronyms come new challenges. The rapid reaction of Rishi Sunak and […]
12th March 2020
On 1st April 2020 Research and Development Tax Relief and R&D Tax Credits will be 20 years old and we thought we should be celebrating that fact. It has also grown up quite significantly during that time and it’s now getting ready to graduate and just like a student born on 1st […]
22nd February 2020
Having given you an idea about how much your claim might be, we left you asking yourself the question “what is an eligible cost for R&D Tax Relief” When you start on an R&D project you might have put together a budget and identified all of the costs that you might incur […]
5th February 2020
Should I be claiming Research & Development Tax Relief? It’s a question a lot of business owners ask their accountant. The typical answer is probably “No, you’re not doing anything that qualifies!” If you’re lucky you might get a slightly more responsive answer from your accountant “I don’t know, it’s not something […]
5th February 2020
Ever wondered what makes a tax specialist? Well let’s start with some dictionary definitions from Dictionary.com Tax- noun 1 – a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc. 2 – a burdensome charge, obligation, duty, or demand […]
29th January 2020
How R&D Tax Relief can help your business if you are in the Supply Chain According to the December IHS Markit/CIPS UK Manufacturing PMI figures, UK Manufacturing remains in the doldrums. The weakening numbers reported were as a result of production declining by the most since July 2012 and an eighth consecutive […]