Discover how dental practices in the UK can benefit from R&D tax credits. Learn about qualifying activities, eligibility criteria, and how to claim research and development tax incentives. When it comes to the number of industries that may qualify for R&D tax relief, the scope is broad. Afterall, HMRC states that any company engaged in research and development activities that aim to scientifically or technologically advance their industry, may be eligible for a claim under the tax relief scheme.  Due to the large scope, navigating R&D can seem daunting. So to simplify the proc ..read more

Discover how R&D tax specialists can help your business claim lucrative tax credits and incentives. Learn about the benefits, eligibility requirements, and the process of claiming R&D tax credits. R&D Tax Specialists: Maximising Your Tax Credits and Incentives Navigating the R&D tax relief process can seem overwhelming. Thankfully there exists out there, someone that can help guide you through the claims process, supporting you every step of the way. We’re talking about R&D tax specialists. Throughout this article, we’ll explore what these specialists do, how their expert k ..read more

Discover how the 2024 UK General Election could reshape R&D Tax Credits and impact business innovation. Learn about potential policy changes and strategic planning for businesses. Impact of the 2024 UK General Election on R&D Tax Credits and Business Innovation The upcoming British election has the potential to significantly impact R&D allowances, as leading political parties have different approaches to the incentive. For instance, while the Conservative party would likely maintain the current system, a Labour victory could lead to reforms that may see the increase in public inves ..read more

A deep dive into the world of research and development allowances (RDA).  Throughout this article we’ll take a deep dive into the world of RDAs, what makes them different from regular R&D claims, the types of R&D Allowances, the benefits of RDA’s, and how they’ve helped a variety of traders to further expand their research. There’s no denying that using research and development to advance an industry can become quite costly. In a bid to encourage industry based innovation, research and development allowances (RDAs) exist to accelerate tax relief for expenditure on research and dev ..read more

Innovation is fundamental to business success. We can’t simply regenerate the same ideas into our processes and expect new results. Fresh thinking and creativity are what make a business stand out amongst competitors, and create sales and tangible results. But how do we know what ideas are worth investing money and time into? Naturally, they involve risk. That’s where an innovation funnel enters the equation. Let’s explore what this is and the various stages of an innovation funnel. What is an innovation funnel? An innovation funnel serves as a systematic process to determine the viability of ..read more

R&D legislation is always evolving to prevent fraud and to ensure that the incentive covers all types of costs for innovative businesses carrying out research and development. HMRC has developed an informative resource known as the Guidelines for Compliance (GfC3) to make a successful R&D claim. The purpose of the guidance is to help you avoid common mistakes in claiming R&D tax credits to increase the chances of a successful application. In this article, we will outline the key R&D tax relief guidance to function as your handy guide, helping you to provide HMRC with what they ..read more

Real estate, like many other industries currently, is undergoing further digitalisation and this is visible through the emergence of PropTech, a market that is predicted to reach $133.05 billion by 2032. PropTech is removing paper and clunky processes through technology-powered innovation. Our client, Technical Methods, had a standout successful R&D claim in their fractional ownership project using machine learning and blockchain smart contracts. It was an eye-opening experience completing their R&D claim on their behalf because it showed us the upward trajectory of efficiency in real ..read more

The R&D technical report, also known as the technical narrative, is a vital part of the R&D tax credit claiming process. It is separate from the financial report and it functions as an opportunity to detail the progress of your project during the tax year you’re claiming for. However, HMRC does not have published any standardised format for the technical report that could aid claimants. Using our experience of completing over 2400 R&D claims for a variety of different industries, we’ve funnelled our knowledge of the technical report into this article to guide you through the writin ..read more

The FoodTech industry is experiencing rapid growth, transforming not only hospitality establishments like bakeries and restaurants but also the food in our home fridges. Businesses are leveraging innovative thinking to overhaul how food is being distributed, manufactured, marketed, and consumed. Investors are directing their attention towards FoodTech startups, and the UK is witnessing a surge in food technology activity, driven by increasing demand. What can we expect from the FoodTech industry? Let’s explore this and define the top trends. What is the meaning of FoodTech? Food tech, short fo ..read more

In our increasingly digital world, both businesses and institutions are considering how to embrace technology to enhance their services. Virtual Reality (VR) in education is unlocking incredible experiences for students that weren’t possible before. We’re moving past reciting textbooks and endless PowerPoint presentations. The integration of advanced technology into teacher’s lesson plans truly brings learning to life, expands the capabilities of the classroom and helps to keep engagement levels high. This article will provide use cases of technological learning experiences and define the adva ..read more