The government’s tax credits for research and development expenses has been a catalyst for innovation and experimentation across the economy. By subsidising long-term investments in better processes, new technologies, and modified techniques, the government has offered businesses of all sizes an opportunity to carve out a sustainable competitive advantage. However, most businesses are still either
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Boosting innovation in small businesses with R&D tax credits
by Ben Lobel • • 0 Comments
Innovation in small businesses is an expensive necessity. In order to be at the forefront of their industry and stay ahead of the competition, businesses need to constantly be developing and creating new technologies. However, creating these new technologies is an expensive and often risky affair. Small and medium-sized enterprises (SMEs) often lack the manpower
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How my business benefited from R&D tax relief and EIS
by Ben Lobel • • 0 Comments
There’s no doubt setting up a new company is an administrative headache. Once the compliance work for Companies House is sorted, you have to address the laws and rules associated with employing people – including the mind-numbing complexity of pensions auto-enrolment – and source various insurances. An optional administrative burden that, with hindsight, we’ve discovered
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UK firms in the dark when it comes to R&D – and its costing them big
by Owen Gough • • 0 Comments
OK, so here’s a question for you all. What have UK microbreweries testing new flavours of IPA, restaurants experimenting with innovative dishes, financial advice firms creating bespoke CRM systems to improve the client experience, and local taxi firms developing proprietary online booking systems to compete with Uber, got in common? Answer: they’re all – almost
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UK companies losing out on research and development tax savings
by Owen Gough • • 0 Comments
Companies in some regions of the UK are losing out on millions of pounds of research and development (R&D) tax savings every year compared to their counterparts across the rest of the UK, according to R&D tax relief specialist Jumpstart. Despite an increase of over one third (37 per cent) year on year in the total
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SMEs claim nearly £1 billion in research and development tax credits
by Ben Lobel • • 0 Comments
Small and medium-sized businesses (SMEs) claimed £970 million in research and development (R&D) tax credits in the past year, up 24 per cent from £780 million in the previous year, but many firms are missing out on their full entitlement, says Moore Stephens. The firm explains that many SMEs fail to claim all the R&D tax relief available
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