Should I outsource my R&D activity or keep it in-house?
If you’re considering whether to bring some or all of your R&D project work inhouse versus outsourcing it, you’ll want to feel confident that you are making the right decision for your business operationally, but also to maximise your R&D claim. Perhaps you’re about to kickstart a new R&D project, or you’re thinking about outsourcing […]
How to better forecast your R&D tax claim
When R&D tax relief first fell onto your radar, you were no doubt blown away by the generous benefit, of up to £33 back for every £100 you invest in R&D. But the truth is – as you may have already experienced – for R&D projects, the amount you can claim ranges anywhere from 0 […]
Are you sat on secret R&D?
Even though you already claim R&D Tax Credits, there’s every possibility your company could be sat on ‘secret’ R&D. But what do we mean by ‘secret’ R&D? Well, we often come across clients that have developed or built a product, process or service specifically for themselves without recognising that what they are doing is research […]
9 R&D record keeping habits your business needs
Surprisingly HMRC doesn’t set out any specific record-keeping requirements when it comes to R&D tax claims. It recognises that every business operates differently and the way they keep their records will reflect this. HMRC also understands that first time claimers won’t have fully audited records. However, if you’re not first time claimers it is good […]
Can I claim tax relief for failed R&D projects?
Failure is a reality of life, and the same applies in business. Failure comes hand in hand with innovation; it’s a by-product of learning and development. So to innovate, is to take a risk. When you start an R&D project, you have no guarantee that the project is going to be a success. You know […]
How will external funding affect my R&D claim?
Companies often think they can only make an R&D claim if they have funded the entire R&D project out of their own pocket. There are some nuances of course but is unlikely that external funding would void a claim. Companies can receive grant funding and R&D Tax Credits for the same R&D project. Let’s […]
Can I claim R&D Tax Credits & Patent Box Relief?
If you are claiming R&D Tax Relief and you have invested in patents or other equivalent Intellectual Property, you might be eligible for another cheeky tax relief known as Patent Box Tax Relief. Like R&D Tax Relief, Patent Box Relief is an incentive designed to drive UK companies to innovate, but with the specific intention […]
4 Ways to bring forward your R&D Tax Credit
With the backlash of Covid-19 and the relentless lockdowns, businesses have been hit hard. It’s hardly surprising cashflow is on every business owners mind right now. This is just one of many reasons, you might be looking to fast forward your R&D tax claim. If successful, bringing forward your R&D tax refund could be a […]
Subcontractor or Contractor – what R&D can I claim?
Subcontractors. Maybe you use them, maybe you are one, maybe you are acting as one for a one off project. Whatever the circumstances, when it comes to R&D Tax Relief, subcontractors should be considered carefully when claiming R&D Tax Relief. On too many occasions now, we have seen companies miss out on money that should […]
What software expenses can I claim for?
Almost every R&D Tax Relief claim that we process includes some form of software costs. But it’s hardly surprising, as every business today has software costs. We use software in just about every business process we do! It’s also the one R&D cost that most businesses feel comfortable with, when they come to make their […]
14 Quick wins to get EVEN MORE money back in your next R&D claim
Remember that feeling when your first R&D tax refund hit money hit your bank account? Well, we want you to feel this every time you make a claim! How? By making sure you are prepared and maximising every R&D claim. To help we have complied 14 quick wins to optimise your R&D claim. From missed […]
When it comes to R&D, timings are key!
One of the most important aspects when making an R&D Tax Relief claim is timeframes. Not only are there strict deadlines, but depending on your business circumstances there is an optimum time to make your claim. The last thing you want is to miss out on maximising your R&D Claim, or even worse lose out […]
Find R&D. Save Clients.
Right now, the government is throwing a lot of money at business owners. Money to help them survive these incredibly difficult times. But in most cases, all this money will eventually need to be paid back. It’s hard to estimate just how long it’s going to take for businesses to get their hands on these […]
Infographic: Are your clients eligible for R&D?
To help identify clients who might be eligible for R&D Tax Relief, we’ve created this handy infographic diagram and separated it, into two steps. STEP 1 – The Infographic You know your clients and their business activities, so it makes sense for you to determine what they are doing and whether they meet the foundation […]
5 Ways R&D Could Save Your Clients Business
5 WAYS R&D TAX RELIEF CAN GET MONEY BACK INTO YOUR BUSINESS R&D is a massively underutilised tax relief that many businesses could be benefitting from right now. We’re talking up to 33% of the costs incurred on activities that are considered eligible and this money can be used for any purpose. Money that is […]
Finding R&D in Construction
AM I ELIGIBLE TO MAKE AN R&D TAX RELIEF CLAIM? The key questions to ask yourself for any project you have undertaken are: Have you gone beyond “the norm” within your industry? This could be using new techniques, or re-thinking how something can be achieved because you were constrained by conventional methods. This could be […]
R&D: 9 Common Mistakes of Accountants
I’ve worked with loads of businesses from all kinds of industries; some have never made a claim, others have used a specialist (but the process was incredibly time consuming) and those where we work together with their accountant. However, the partnership we have with accountants is great. The accountant already has the insight and understanding […]
Reducing Waste. Building Lives. Claiming R&D.
THE CLAIM Company name: Recipro (UK) Ltd Industry: Environmental Services Area of innovation: Remanufacturing and processing of waste paints Claim size: £12,776.00 from HMRC WHO ARE RECIPRO? At Recipro their mission is to reduce waste through reuse, while benefitting the local community at the same time. They work with suppliers and contractors, who donate unwanted, […]
Finding R&D: Architects & Engineers
AM I ELGIBILE TO MAKE A CLAIM? The key questions to ask yourself for any project you have undertaken are: Have you gone beyond “the norm” within your industry? This could be using new techniques, or re-thinking how something can be achieved because you were constrained by conventional methods. This could be from the types […]
It’s simple…rule it in, or rule it out.
Guest blog: James Middleton, Elevate Advice But we can’t claim for R&D? Sound familiar? It’s something I hear way too often from new clients, but around 50% of the time it’s not true. When a client tells me their previous accountant ruled them out, or that they don’t think they qualify, I don’t take it […]
Accountants ≠ R&D Specialists
Since the virtual doors opened at Radish, I’ve worked with loads of businesses from all kinds of industries; some have never made a claim, others have used a specialist (but the process was incredibly time consuming) and those where we work together with their accountant. The partnership with accountants is great. The accountant already has […]
Restaurants can claim R&D? Here’s how The Coach House Inn saved £28K
Meet Les & The Coach House Inn The Coach House Inn is a Gastropub and Hotel based in Chester. We caught up with Les Owens, Director at The Coach House Inn to find out about their business innovations and their experience, making a claim with us. For Les, it starts with people: “My focus is […]
The Very Real Cost of DIY R&D
If I’ve caught your eye with this, I’m going to guess you’re either the business owner, or you’re the lucky person tasked to compile your R&D Tax claim; FD perhaps? Thought so. You lucky devil. No doubt you’re already experiencing the very real cost of doing R&D yourself….the lack of time, and additional responsibility. Ever […]
A Super R&D Claim with Keating Supercars
Having been in engineering for 30 years now – for Tony Keating – engineering has always been in his blood. Coming from a background of automotive & heavy plant engineering, Tony started out by building his own car, this then escalated into cars for other people, until it became a full-on business working with some […]
Brand & Digital Communications Agency saves cash in R&D Tax refund
Meet Thrive Creative Thrive Creative are a Brand & Digital Communications Agency. They work with ambitious brands to help them realise their true potential. Discovering those powerful insights at the core of brilliantly simple ideas that transform brands and engage audiences, whatever the medium. We caught up with Julie Carter, Finance & Operations Director at […]
R&D in archaeology? Yep.
Who is APAC and what do they do? Meet APAC, they provide professional archaeological services to the private and commercial sectors. Established in 2004, the staff now have over 30 years of archaeological experience and have carried out a wide range of projects across England and Wales. We were introduced to Neil Philips, Director at […]
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