The key questions to ask yourself for any construction projects you have undertaken, that you think might qualify for R&D Tax Relief are: 1. Have you gone beyond “the norm” within your industry? This could be using new techniques or re-thinking how something can be achieved because you were constrained by conventional methods. This could […]
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New food products appear on the market every day and so it’s no surprise that it is one of the most innovative industries out there. However, what might be surprising are the number of businesses – restaurants and pubs – who are not claiming, and could really benefit from this cash injection into their business […]
2020, a bit of a strange year. Many businesses have had to really think about what the future of their business looks like. Will we be working remotely? Will roles have to change? Do we need to make changes to our services? These are questions a lot of business owners have had to consider to secure their […]
R&D Tax Relief might not seem glamorous, but it is incredibly relevant for businesses in the beauty industry. There’s a huge amount of companies in the UK developing beauty and cosmetic products from new start-ups to big multinational brands. That’s loads of innovation! It’s an industry pretty much driven by the need to produce the […]
This is a question that comes up a lot. The quick answer, if a client is making a loss, yes they absolutely can claim R&D tax relief (as long as they’re eligible 😉). But many businesses aren’t claiming because they don’t realise that even if they’re not turning a profit, they are entitled to R&D […]
When you think of “Innovative Tax Reliefs”, what is the first thing that springs to mind? Does it conjure up images of “schemy” “grey area” types of tax planning?… well worry not because we’re not going there. We’re talking Research & Development and Creative Tax Reliefs. They are very similar (but different) government-approved incentives for […]
Normally, when it comes to software, R&D is found in developing new techniques for building software and new software builds themselves – so your software development businesses. However, customisation of software to fit a business’s needs WILL also qualify where technological advancement has been made for the industry. This takes R&D projects beyond the software […]
It is crazy to see just how few digital agencies are claiming R&D tax credits. Unfortunately, this is usually due to a misunderstanding of what it means to be eligible and even worse, they have been previously wrongly advised. The truth is many digital agencies are carrying out R&D and should be claiming. If you […]
We caught up with Bashir Timol, an investor with Rebellion Biomass, to find out a little bit about one of their projects and how they were eligible to make an R&D Tax Claim worth £400K to the business. Tim: Tell us a bit about the project Bashir: “Well, the business focuses on the food, energy […]
