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Five ways to spend £63,000
£63,000 is the average Research and Development Tax Credit claim value made by SMEs across the UK. Many companies use R&D tax relief to cover costs during innovation, but that isn’t the only way you can use this extra funding.
Legislation Day: changes to the R&D SME scheme
The government has released draft legislation for the upcoming 2021 Finance Bill which relates to the SME R&D scheme. And it's a noteworthy update, confirming that a cap of 300% of a company’s total PAYE and NIC Liability will be applied to SME scheme payable R&D credit claims. Keep reading to learn how this may affect your business’s next claim.
Increasing cash flow with R&D tax credits
Research and development tax credits can play a vital role in boosting cash flow, providing innovative, forward-thinking businesses with the funding they need to launch their next idea and stay one step ahead of the competition. Keep reading to learn about the benefits of R&D tax relief.
Claim thousands in tax relief before the year is out
With the end of 2020 just 8 weeks away, a large proportion of businesses across the UK are preparing for their December fiscal year-end. While we know it’s a busy time – it is for us too –we want to make sure you don’t let a potentially vital source of funding pass you by in the rush.
Rise in claims for R&D tax credits amongst SMEs
The latest uptake statistics for R&D tax credits and Patent Box were released by HMRC earlier this week. Here are some of the key takeaways.
Four things to consider before extending your accounts filing deadline
In June of this year, new measures were introduced through the Corporate Insolvency and Governance Act to relieve the burden on businesses during Coronavirus by allowing them longer to file accounts.
3 key areas to consider before choosing your R&D tax credit advisor
Awareness of the R&D Tax Credit scheme is growing and as a result, so are the types of service offering that advisors provide to help you submit a claim. Whether you are planning to do your first or fifth claim, we recommend that you regularly carry out an assessment to check that you have chosen the most appropriate advisor for your business needs.
Building your business with R&D tax credits
Turning an innovative idea into reality costs money. But what if someone told you that you could get money back for building your business?