Blog

Helping to fund innovation

Date: 2nd April 2013

R & D Tax – Helping to fund Innovation According to the latest government statistics more than 8400 SMEs have benefitted from R&D Tax Credits by an average of in excess of £43,000 – and since then the rate at which R&D Tax Credits are paid has increased by more than 60% and qualifying conditions are now much less stringent than they were. There has never been a better time for SMEs to invest in developing new products, processes, services, devices or mat...
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R and D Tax relief for an Electronics Manufacturer

Date: 22nd March 2013

We’re an Electronics Manufacturer – should we be claiming R and D Tax relief? Almost certainly yes! Just ask yourself these questions: Do you carry out development work in order to win sales?Do our designs present us with some uncertainties at the outset?Do we spend time testing, trialling or solving these uncertainties?Do we spend pre-production time creating a manufacturable product from the bench design?Are our designs inno...
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Research and Development tax credits for motorsport engineers

Date: 20th March 2013

Well….yes! You certainly should check you eligibility, right now….. This is a constantly evolving, high technology and very competitive industry. Whether its engine, power train, body, steering, suspension, fuel delivery, components or software development, here are the key questions to answer and confirm your eligibility for R&D Tax credits:
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Have I under claimed for my R and D tax relief?

Date: 12th March 2013

R&D Tax Credit specialists see it all the time. One line in the tax computations for £20K or so. No justification and no real understanding of what costs qualify……. A correctly prepared claim requires a technical analysis of your business and how you’ve stayed competitive over the past two years. It’s not about rocket science but rather about identifying the qualifying advances in your products or services. Under claimed R&D tax credits ca...
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We make Control Panels – should we be claiming R&D Tax credits?

Date: 5th March 2013

OK so you assemble control panels or systems or switchboards? You probably design bespoke solutions for different applications. Possibly trying some of the latest control devices to improve safety or performance or just space? Each solution may require its own software, maybe subcontracted out. Then you have to trial or test the system to make sure it performs to spec. There are always a few uncertainties too overcome. Sometimes you might have to be involved in the integration o...
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R&D Tax Credits for a Test and Measurement Manufacturer

Date: 18th February 2013

I’m a Test and Measurement Manufacturer – Can I claim R&D Tax Credits? You certainly can! Especially if you are routinely seeking ways to improve your products. Ask yourself the following questions. Do you make test equipment? - then check your R&D tax credit eligibility now. Do I manufacture test Instruments, cabinets, mechanical NDT equipment, electronics, electrical, mechanical, chemical or physics based systems?Do...
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Why year-end is so important for R&D Tax Credit claims

Date: 14th February 2013

Well, it’s all about maximising your first claim. You’re allowed to claim for your past two full years but, as soon as you slip over your current year-end, then you forfeit one of these. Very typically, an R&D Tax credit could be worth £40k to an SME (This is the average claim size according to HMRC). By not claiming in time, you could easily lose half of this. What a waste!…..and just because you procrastinated. How does it work? Let&r...
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Should a Bespoke Engineering Business be claiming RandD Tax Credits

Date: 5th February 2013

We are often asked should a Bespoke Engineering Business be claiming RandD Tax Credits? If you’re not already claiming R&D Tax credits, then check this article out. If you are claiming, or rather your Accountant has claimed a nominal amount on the year end accounts, then look below – you could be seriously under-claiming and leaving substantial cash on the table… Many Bespoke Engineers are claiming R&D Tax Credits – shouldn’t you?
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R and D Tax Credits terminology

Date: 31st January 2013

We are often asked about the terminology surrounding R and D Tax Credits and understanding terms and definitions involved when tax planning could be critical to your business and Research & Development taxation is one of these areas to review. If you are developing products and processes they may be eligible for significant payments of cash through the Research & Development (R&D) Tax Credit regime. The definition of R&D is much wider than most people think and that is...
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I am a web site designer, can I claim R&D Tax credits

Date: 25th January 2013

Well here’s how you can tell. First, ask yourself a few quick questions: Do we spend time designing web based applications rather than just creating websites?Do we consider that our web based applications are creative and innovative?Do my software developers have to trial, check out possible solutions and experiment before we have a satisfactory stable and working web based application?Are we constantly trying to offer more competitive and innovative solu...
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