How do R&D tax credits work ?

Posted by Joanne Warren 20 February 2018 07:30 AM

How do R&D tax credits work ? Great question. We have all seen stories of businesses that have made the most of R&D tax credits to further what they do. But, without knowing the system inside out, it looks like something that might be out of reach for the small companies of the UK.

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Topics: R&D Tax

Chinese New Year – What can we learn in business from the Year of the Dog?

Posted by Phil Murray 15 February 2018 11:58 AM

February 16th 2018 signals the start of the Chinese New Year and this year is the year of the dog. The event will be marked across the UK, and globally, where Chinese New Year celebrations last for around 15 days in total as the beginning of a new chapter in heralded. Chinese New Year is watched in awe by people from across the globe because of the spectacular nature of the celebrations. And being the year of the dog, it is interesting to see how we can learn in business from this animal. Especially the people born in the years that are represented by the dog, such as 1970, 1982, 1994 and 2006 as well as the year beginning 16th February. Here is our guide on how taking on some of the better characteristics from the year of the dog can really help you in business –

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Topics: Business Start Up Business Owner

4 business lessons from Valentine’s Day – how do you treat your beloved customers?

Posted by Phil Murray 12 February 2018 08:32 AM

With Valentine’s Day close, the mind turns to love. In our personal life this might mean buying a card and a gift or treating someone. But in business, it often just passes us by without a thought. But there are some vital aspects of Valentine’s Day that we can use in what we do in business. Here is our guide to the 4 business lessons from Valentine’s Day

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Topics: Business Building

How do I work out my employees’ time with an R&D tax claim?

Posted by Joanne Warren 09 February 2018 03:13 PM

There are many different elements when calculating an R&D tax claim for your business. It can be easy to focus on the materials used in developing a new product or piece of software, but the time that your team spend on the R&D project will most probably be the biggest expense you have in this area. But, unless you have a specified R&D department (and most small businesses don’t) then dividing up the time of your team to separate the time spend on R&D can be a difficult ask. With UK business looking for their best way to trade after Brexit, making the most of any incentives from the government is more important than ever.

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Topics: R&D Tax

Is it true that I can claim my R&D tax relief for the last 2 years?

Posted by Joanne Warren 06 February 2018 07:42 AM

There are many questions to ask when considering R&D tax credits. But the biggest one to ask is –

“Is it true that I can claim my R&D tax relief for the last 2 years?”

R&D tax claims can make a significant difference to the finances of a small business. If you have made any advances to what you do as a business, then you could have a valid claim. In addition, you can make a claim for the last 2 tax years, in addition to the existing one.

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Topics: R&D Tax

Five key things that business owners can learn from the Super Bowl

Posted by Phil Murray 01 February 2018 10:45 AM

Super Bowl weekend is upon us and the game is estimated to be watched by a massive global audience of well over 100 million people. The NFL season draws to a close with this spectacular event that is known for the half time show, the commercials and the cheerleaders as much as the game. This is USA at its loudest and proudest. But, beneath all the NFL has to offer, there are some lessons to be learned from the winning team this weekend. Here is our guide to the five key things that business owners can learn from the Super Bowl –

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Topics: Business Start Up Business Owner

What are the R&D tax deadlines for my business

Posted by Joanne Warren 30 January 2018 08:20 PM

R&D tax credits have been around for some time now, and it is easy to slip into thinking that you have endless time to make those claims. The scheme has been in effect for many years now. People may talk to you about making claims going back over this time. So, you can be misled into relaxing and thinking you can sort it out at some unspecified date in the future. But there are R&D tax deadlines which determine your ability to make a claim. Tax is filled with deadlines, and it can be confusing to understand what to do, and when to do it.

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Topics: R&D Tax

What Is R&D Tax In Food And Drink and How Does It Work?

Posted by Joanne Warren 26 January 2018 07:00 AM

The food and drink industry is a major contributor to the UK economy. It is the largest in the manufacturing sector and accounts for 400,000 jobs in the United Kingdom. Many of these are in SME firms that produce products for consumption in this country and across the world. Exports are growing annually, and this is a trade that the UK relies on to expand into new markets and drive trade.

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Topics: R&D Tax

The serenity of a figure skater? Or the power of a cross country skier? What Winter Olympian does your business feel like?

Posted by Phil Murray 24 January 2018 10:17 AM

The Winter Olympics are upon us and you should feel as serene as an ice skater in terms of how your business operates. Being in total control of what you do with your company is the goal. That way, you can glide effortlessly across the ice as you attract the attention of those judges that are important to the business – your customers. But that isn’t always the case. Running a business can sometimes feel like you are flying down the bobsled run without a brake. You don’t know what is at the end of the track and have to hold on and hope that something smoother is around the next corner.

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Topics: Business Start Up Business Owner

Warning: These 7 R&D Tax Myths Can Seriously Harm Your Business

Posted by Joanne Warren 22 January 2018 02:00 PM

R&D tax credits are helping companies all over the UK to expand, take on more staff and achieve their goals. As UK manufacturing grows and business looks to life after Brexit, there is something that lurks in the background and threatens your business.

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Topics: R&D Tax