rd tax credits
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Breaking down HMRC's guidelines for compliance for a successful R&D claim
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 Com...
Alexander Clifford · 11 March · 1
Behind the Innovation – An R&D project on fractional ownership
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 processe...
Alexander Clifford · 27 February · 1
Behind the Innovation - An R&D project on wind turbine technology
At Alexander Clifford, we’re passionate about great ideas and innovative thinking. From our work in securing R&D tax credits for our clients, we have the privilege of learning in our technical consultations how exactly this project came to life...
Alexander Clifford · 20 February · 4
Direct vs indirect: A guide to R&D activities with practical examples
Innovation takes place in many forms within businesses across the UK, and the same eligibility applies across industries for the R&D tax credits. Whether you’ve developed software for pharma, adapted a food product, or improved the safety of a...
Alexander Clifford · 25 January · 4
Understanding the role of R&D in the construction industry
In the intricate world of construction, Research and Development (R&D) stands as a cornerstone for transformative progress and innovation. From pioneering new materials to refining building processes, R&D in the construction industry plays a pivotal...
Alexander Clifford · 08 January · 1
Understanding the role of R&D in the manufacturing industry
Research and Development (R&D) plays a pivotal role in the manufacturing industry, serving as the engine that drives innovation, technological advancement, and overall progress. That’s why this industry makes up one of the highest proportions o...
Alexander Clifford · 04 January · 1
Understanding the role of R&D in the software development industry
Businesses are increasingly utilising and expanding their technical activity to keep up with the pace of digital transformation, provide a competitive edge, streamline operations, and reduce operational costs. R&D in software development is transform...
Alexander Clifford · 03 January · 1
Understanding the role of R&D in agriculture industry
With the news reporting on record-high temperatures, labour shortages, and a growing population to feed, R&D in agriculture offers an opportunity to flourish. A successful R&D claim can provide the financial boost needed to drive the agriculture indu...
Alexander Clifford · 28 December 2023 · 1
An outlook of HMRC R&D tax credit statistics 2023
It’s been an incredible financial year for R&D; innovative projects across the United Kingdom have truly taken off and grown tremendously, fuelled by the cash injection from R&D tax credits for SMEs and large companies. The newly published HMRC...
Alexander Clifford · 27 December 2023 · 1
Innovation on a budget: Managing R&D qualifying costs for success
In the ever-evolving landscape of business and innovation, Research and Development (R&D) plays a pivotal role in driving progress and staying competitive. It's a realm where companies explore the boundaries of what's possible, pushing the frontiers...
Alexander Clifford · 22 December 2023 · 2
Which documents are required for submitting an R&D claim?
Whether you’re a first-time R&D claimer, or you’ve previously claimed, it’s important to keep track of the latest regulations about the necessary documents for an R&D claim. The purpose of the documentation is to showcase your endea...
Alexander Clifford · 21 December 2023 · 1
Understanding the Accounting Treatment for R&D Tax Credits
How you record the accounting treatment for R&D tax credits depends on which incentive you’re eligible for either RDEC for larger companies or the SME scheme for small businesses. R&D tax credits can be received as either a cash injection or a...
Alexander Clifford · 20 December 2023 · 1
4 key factors determining your qualifying activities for R&D tax credits
While it’s easy to view the R&D tax credit incentive as an amazing opportunity, it’s more difficult to gauge whether you have qualifying R&D activities. So here's the kicker: to unlock these valuable incentives, you must first pass the ri...
Alexander Clifford · 19 December 2023 · 1
Cracking the code: A guide to R&D tax credit calculation
Are you a business engaged in Research and Development (R&D) activities looking to receive a cash injection into your business? Look no further! The R&D tax credit calculator is designed with simplicity and accuracy in mind to help you navigate the c...
Alexander Clifford · 18 December 2023 · 6
A practical guide to maximise your R&D claim
Understanding the R&D qualifying costs, engaging in eligible activities, and assembling the necessary documentation are pivotal steps in optimising your R&D claim. This article serves as your roadmap, shedding light on the key components that can mak...
Alexander Clifford · 15 December 2023 · 1
R&D Tax Credits — An Ultimate Guide
Innovation is the lifeblood of business success, but it often comes with financial challenges. That's where R&D tax credits come into play. Whether you're a start-up aiming to disrupt industries or a seasoned company striving to stay ahead, understan...
Alexander Clifford · 14 December 2023 · 1