If you are a website developer or a business owner that has developed a website for your business – there are a few questions it’s worth asking yourself to see whether your company can claim R&D tax credits…
Website and web application developers - questions to ask yourself…
Have our development activities gone beyond using existing software and templates?
Have we spent time or...
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Is your company one of the many that is benefiting from the generous tax breaks available under the UK Government’s Research and Development (R&D) tax credit schemes?
The latest statistics indicate that the number of Small and Medium Enterprises (SME’s) making R&D tax credits claims is rising year on year with a total pay-out value of over £1b in 2014-15.
“A SME may claim a higher rate...
A number of factors now make it quite attractive for company owner/directors to pay themselves a pension contribution from their company, especially if the director is spending time undertaking R&D.
These include that:
Pension contributions are an eligible part of salary costs for calculating R&D expenditure (see the calculation below).
Company pension contributions are...
Could these hidden sources of cash give your business a real boost?
Wednesday 18th November from 9.30 to 11.30 am – book your FREE seat here…
If you missed the event contact us to request more info from any of the speakers.
Come and join us, as five specialists share their knowledge with you. They will show you how the businesses that they work with are benefiting from some little known (some...
In late 2014 the government announced the launch of its Business Growth Service.
News bulletin: the Business Growth Service was unexpectedly axed as part of the last spending review (November 2015).
The Business Growth Service amalgamates GrowthAccelerator and the Manufacturing Advisory Service (MAS) and includes the Intellectual Property Office, Intellectual Property (IP) Audits and the...
The increase in support in 2013-14 was mostly driven by a higher number of SME claims, with the total value of SME claims rising to an all-time high of £800m in corporation tax reductions and tax credit payments.
One reason is thought to be the removal on 1st April 2012 of the rule limiting payable R&D tax credits to the amount of an SME’s total payroll/PAYE tax liability, as well as...
In his Autumn Statement on 3rd December 2014 the UK Chancellor announced a number of changes to the Research and Development tax relief/credit schemes.
The changes relate to both the large company (RDEC) scheme and the SME (Small and Medium Enterprise) R&D tax credit scheme.
The good news is that the changes are generally very positive with the rates of relief increased for both schemes...
There is a group of five Corporation Tax reliefs for creative industries including new tax relief schemes for the animation, high-end television and video games industries.
The Television tax relief (which includes animation) is available for expenditure from 1 April 2013.
Video games companies across the UK have been able to claim tax relief on their production costs, since the government’s...
On 7th December 2014 the Government announced the launch of the Business Growth Service.
NOTE: the Business Growth Service was unexpectedly axed as part of the last spending review (November 2015) - this blog has been kept for archive reaons.
The new service will be an amalgamation of Growth Accelerator and the Manufacturing Advisory Service (MAS) schemes and will also include the...
There is still a lot of misinformation around about what R&D tax credits are and who can claim them. People confuse the R&D tax credits and relief scheme with the more creative tax avoidance schemes. This is a pity as R&D tax credits are an excellent UK government initiative.
R&D tax credits are legal – here is the proof!
I was delighted to receive the communication below by...
Are you ready to find out if you qualify or how much your R&D claims could be worth?
