25TH FEBRUARY, 2020
How Does Using Tax Cloud Compare To Making A DIY Claim For R&D Tax Credits?
Open to all UK Corporation Tax-paying companies, R&D tax credits help finance a huge range of R&D projects and expenditure. But what’s the best way to claim and is it better to use a specialist consultancy service or go it alone? Let’s take a look.
18TH FEBRUARY, 2020
Latest Statistics Around R&D Spending In The UK Since 2017
Most recent Office for National Statistics (ONS) data shows that UK companies spent £25 billion on R&D in 2018, a 5.8% increase from the year before. Expenditure on R&D as a whole also increased, up from £23.7 billion in 2017.
11TH FEBRUARY, 2020
Easy Mistakes That Accountancy Firms Make Regarding R&D Tax Credits
Here we look at some of the common Accounting mistakes made when claiming R&D tax relief, and how you can help your clients avoid them
4TH FEBRUARY, 2020
Tax Cloud Announces New Reduced Pricing
We’ve recently made some improvements to streamline our service and help keep it competitive. Here we explain more about the changes and how they’ve come about.
27TH JANUARY, 2020
5 Ways Charities Are Using R&D Advances In Virtual Reality
Once the stuff of science fiction and ‘80s adventure movies, virtual reality (VR) has now reached into our living rooms, our industries and our workplaces. It’s also added a whole new dimension (quite literally) to the charity sector, benefiting thousands of people across the world.
21ST JANUARY, 2020
Soft Drinks Sector - What Are The R&D Challenges?
Revenue in the non-alcoholic drinks sector alone is worth around 400 billion US dollars with around 16 billion of that being just in the UK. Here we look at some of the top challenges the soft drinks sector faces and how R&D can help to meet them.
15TH JANUARY, 2020
Science Fact: R&D and Eco-Robots
The potential for Eco-Robots themselves - unmanned machines working to improve the environment for all of us - is a distinctly real and very exciting possibility. Here we take a look at a few of them.
3RD JANUARY, 2020
5 New & Innovative Technologies Helping To Cut UK Food Waste
We’ve put together what we think are the top five amazing fledgling food waste solutions that UK innovators have to offer.
17TH DECEMBER, 2019
5 (Legal) Ways To Reduce Your Corporation Tax bill
Tax reduction is an interesting concept. Although responsible individuals and companies are keen to pay their dues, they also don’t want to have to hand over any more than they need to. Although every business set up is different, there are a few basic tips that business owners should bear in mind to avoid paying more than they need to.
10TH DECEMBER, 2019
Continuing Innovation After Brexit
As typical of Brexit, nobody can really say how the UK’s exit from the EU will impact on home-grown innovation. Although some policies are not expected to change - the general R&D claims process itself for example - there are broader ramifications which may affect British researchers in particular
4TH DECEMBER, 2019
8 Important Factors To Consider When Starting Up A Business
Are you thinking about starting your own business? Feeling uncertain about the road ahead? You’re not alone! Building a business from scratch can be scary, but our eight considerations below are a great starting point.
26TH NOVEMBER, 2019
Are You A Growing Business? Get Money From The Government To Help With The Costs
Despite the fact that growth and innovation are highly beneficial, not just for the company itself but the wider economy. The government recognises this, so has offered a number of tax incentives to help UK companies meet innovation costs.
19TH NOVEMBER, 2019
Why Construction Companies Should Embrace R&D Tax Credits
Recent HMRC data shows that only around 1% of SMEs in the UK construction sector are taking advantage of the government’s R&D Tax Credits scheme. This is a real missed opportunity, with many thousands of pounds going unclaimed.
13TH NOVEMBER, 2019
7 Most Common Misconceptions About R&D Tax Credits
There are still many misconceptions around R&D tax relief which can mean companies missing out on thousands. Here we lay some to rest for good.
5TH NOVEMBER, 2019
How Should I Allocate My Staff Time For An R&D Tax Credit Claim?
For an R&D Tax Credit claim, eligible staffing costs come under two categories.
31ST OCTOBER, 2019
Do R&D Tax Credits Represent Value For Money For The Government?
The R&D Tax Credit incentive scheme is as popular now as it has ever been with thousands of UK companies reaping the rewards.
22ND OCTOBER, 2019
What Are The Four Main Benefits Of R&D Tax Credits?
We’ve put together what we think are the top four main benefits in claiming R&D Tax Credits to bring a little inspiration.
14TH OCTOBER, 2019
Flight Shame Has Landed - But Could R&D Be The Aviation Industry's Ticket To Greener Travel?
Once the preserve of the rich and famous, the cost of flying has now plummeted. Cutting edge aircraft capable of faster speeds and higher altitudes mean we take our far smaller world for granted; but the winds are changing.
10TH OCTOBER, 2019
What Power Does HMRC Have Over My R&D Tax Credit Payment?
HMRC has the power to abstain from paying any R&D tax relief until it is satisfied that the claim is accurate, genuine and meets all the eligibility criteria.
1ST OCTOBER, 2019
Why Do Some Applications For R&D Tax Relief Fail?
Although the scope for claiming R&D Tax Credits is incredibly broad, it still can’t be taken for granted that every application a company makes will be successful. The criteria is still very specific and the application itself contains a number of essential documentation requirements.
24TH SEPTEMBER, 2019
R&D Tax Credits: What Happens If I Need To Switch From The SME Scheme To The RDEC Scheme, Or Vice Versa
The status of your business with regard to research and development (R&D) Tax Credits is likely to evolve over time. It’s this factor alongside others, that determine which part of the R&D Tax Credit scheme you should claim under.
17TH SEPTEMBER, 2019
What Financial Help Is Available In The UK For Entrepreneurs?
You’re itching to get on with your new business venture. But there’s just one small thing still to sort out – funding.
10TH SEPTEMBER, 2019
What Consumables Can Be Claimed Under R&D Tax Relief?
What exactly are qualifying consumables when it comes to R&D tax relief?
3RD SEPTEMBER, 2019
How Long Does It Take For HMRC To Make A Decision On An R&D Tax Credit Claim?
A claim for R&D Tax Credits can prove to be a vital lifeline for businesses, particularly if they are new or struggling to stay afloat, but how long does it take for HMRC to make a decision on a claim?
29TH AUGUST, 2019
What Is The Most Efficient Way Of Submitting An R&D Tax Credit Claim?
When it comes to submitting an R&D tax relief claim, there are a few ways you can confidently embark on an application in an efficient manner.
21ST AUGUST, 2019
Are Businesses In Wales Getting The Most Out Of The R&D Tax Credits Scheme?
Whilst their are plenty of Welsh businesses that are already benefiting from R&D tax credits, there are sadly still many that are being left behind.
13TH AUGUST, 2019
How Can Companies Find Extra Money To Help Prepare For A No Deal Brexit?
Here we look at ways your company can save money so it’s in the best financial position to weather a no-deal Brexit storm.
6TH AUGUST, 2019
Quick Guide To R&D Tax Reliefs In Engineering
R&D is vital to every sector within engineering as so much of the industry is about developing new products, next generation medical solutions and cutting edge infrastructure
31ST JULY, 2019
Claiming R&D Tax Credits In The Healthcare sector
Much of the work done by UK healthcare companies is likely to be eligible for tax relief under the government’s R&D tax credit scheme, making it an important issue for companies to be aware of.
26TH JULY, 2019
How Can Businesses Make R&D Investment A Priority?
Today’s business world is hectic, fast-paced and challenging which makes development and innovation truly essential to a company’s survival.
18TH JULY, 2019
How Will Brexit Affect R&D Tax Credits?
Will Britain’s departure from the EU affect the government’s R&D tax credit scheme? If so, how? We take a look at the possibilities following Brexit.
12TH JULY, 2019
Tax Cloud Launches In Ireland
Tax Cloud launched in Ireland last month to help Irish businesses benefit from Revenue’s R&D tax credit entitlement.
5TH JULY, 2019
How To Claim A Critical Tax Boost For Your SME
Businesses are currently missing out on thousands when it comes to R&D Tax Relief, in particular SMEs.
5TH JULY, 2019
R&D Tax Credits Made Simple And Affordable
Many R&D tax consultancy practices charge 25% to 30% of the company’s corporations tax saving and typically only assist businesses with 50+ employees.
28TH JUNE, 2019
Why Are SME’s Missing Out On R&D Tax Relief
The average R&D tax credit relief claim comes in at £54,000 per year, per business so it is crucial that if you are reading this, you check what makes you eligible dependent on sector.
14TH JUNE, 2019
Is My SME Eligible For R&D Tax Credits?
If you are reading this, you probably want to find out more about R&D Tax Credits and whether it is applicable to your business.
3RD JUNE, 2019
Why Use An R&D Portal Over An R&D Advisor?
If you’re looking to apply for research and development tax credits, you may follow the tradition of working with a tax advisor. However, as we will show some reasons why you should consider using a R&D tax portal instead.
24TH MAY, 2019
How SMEs Can Benefit From R&D Tax Credits
R&D Tax Credit isn’t only reserved for companies with deep pockets, even small businesses can benefit from it and become market leaders.
14TH MAY, 2019
Charities Benefit Following Tax Cloud's Successful Show at Accountex
If you’re in the accounting industry you may well have been at Accountex in London on the 1 - 2 May. Tax Cloud was proud to be a part of this year’s event
25TH APRIL, 2019
Tax Cloud's Most Innovative Companies 2019
We’ve taken some of 2019’s biggest innovators in various sectors and found out how they do it.
12TH APRIL, 2019
Accidental Innovation - Tax Cloud's Top 8
In this blog, we’ve listed a few of our favourite accidental innovations to get you in the mood for an innovative week.
5TH APRIL, 2019
A Practical Guide To R&D Tax Relief At Accountex 2019
Visit stand 140 to learn more about Tax Cloud at Accountex 2019
27TH MARCH, 2019
What Software Projects Qualify For R&D Tax Credits?
The software industry is one of the biggest areas of research and development activity in the world. Despite this, many companies in the sector are still yet to claim R&D tax credits
15TH MARCH, 2019
3 Automotive Innovations To Look Out For In 2019
In this blog, we take a look at some of the best automotive innovations and future car tech you can expect to see in 2019 and the coming years.
1ST MARCH, 2019
What Is Research And Development In Business?
It can appear as though pharmaceutical and software companies have a monopoly on research and development (R&D). Though innovation is intrinsic to those fields, other fields should not be disheartened by this.
22ND FEBRUARY, 2019
Growth Hack: Tap Into R&D Tax Credits
You might be missing out on R&D tax credits – here's how they work and what schemes you should be applying for.
15TH FEBRUARY, 2019
Beyond R&D Tax Credits - Public Funding For Your Innovative Start-up
Determining which type of public funding is right for your start-up depends on your business and your future goals.
1ST FEBRUARY, 2019
5 Steps To Deliver An Optimised R&D Tax Credit Claim
Claiming Research and Development (R&D) Tax Relief is a two-part challenge for most small and medium-sized enterprises. In this blog, we cover the 5 steps involved in delivering an optimised R&D tax credit claim
25TH JANUARY, 2019
Top Tax Cloud FAQs
Tax Cloud has fielded many questions from customers with regards to the R&D tax credit scheme. In our this blog, we highlight some of the top questions we get asked when customers enquire with us
16TH JANUARY, 2019
What Projects Qualify For R&D Tax Credits In The Medical Industry?
The pharmaceutical industry is one of the biggest areas of research and development activity in the world. Despite this, many companies in the sector are still yet to claim R&D tax credits
11TH JANUARY, 2019
Accounting Practices Are Generating Fee Rates Of £325/hr
Once a specialist area only reserved for R&D tax consultants and top accounting firms, Tax Cloud has made it possible for any accounting practice to offer R&D tax relief services.
2ND JANUARY, 2019
R&D Tax Credits - It's Not As Difficult As You Think
Here’s some good news: claiming R&D tax credits is not as difficult as you think.
14TH DECEMBER, 2018
4 Ways To Determine If You Qualify For R&D Tax Credits
To help your SME understand if your project is suitable for an R&D claim, we’ve provided the 4 essential questions you should ask yourself to determine your eligibility.
26TH NOVEMBER, 2018
What Projects Could Be Eligible For R&D Tax Relief In Manufacturing?
Many manufacturing projects are still missing out on R&D tax credits. Find out what qualifies as R&D in manufacturing.
2ND NOVEMBER, 2018
How To Know If Your Business Is Entitled To R&D Tax Credits
R&D tax credits are great incentives for businesses who on average claim £85,000 per year. So, how do you know if what your business is doing is classed as R&D?
25TH OCTOBER, 2018
Why Isn’t The Agricultural Industry Claiming R&D Tax Credits?
The latest statistics released by HMRC show that an average of £41,000 per company was being claimed in R&D tax credits from those working in agriculture, forestry and fishing industries.
10TH OCTOBER, 2018
Is Your Business Eligible For R&D Tax Relief?
If you haven’t considered your company’s eligibility for Research and Development (R&D) Tax Relief (also known as R&D Tax Credits), you could be missing out.
3RD OCTOBER, 2018
The Most Common Mistakes People Make With R&D Tax Credits
We receive a lot of enquiries on our website from companies that have attempted to make an R&D claim themselves but haven’t been able to do so successfully.
18TH SEPTEMBER, 2018
#1 R&D Tax Claim Portal ‘Tax Cloud’ Launches Xero Integration
Tax Cloud are proud to announce the launch of our brand-new integration with Xero, a leading accounting and bookkeeping software used by over one million small businesses.
14TH SEPTEMBER, 2018
What To Look For In An Online R&D Tax Credits Claim Portal
This article will help you understand what to look for when selecting an R&D tax credits claim portal. Below we explore some of the essential features that will ensure you experience a smooth, successful and fully maximised claims process.
7TH SEPTEMBER, 2018
5 Ways To Grow Your Accountancy Practice
Growing your accountancy practice might seem like a difficult task, but it doesn’t have to be. In the article below, we outline 5 ways to grow your accountancy practice and find new business:
31ST AUGUST, 2018
Common Pitfalls To Avoid While Claiming R&D Tax Credits
If you plan to apply for R&D Tax Credits, here are some interesting facts you need to know and some common mistakes you need to avoid
24TH AUGUST, 2018
How Far Back Can I Claim R&D Tax Credits?
If you've been conducting R&D work and have only just discovered R&D Tax Credits, you might be concerned that you’ve missed the opportunity to make a claim.
17TH AUGUST, 2018
Should I Use A Specialist Or My Accountant For My R&D Tax Credits Claim?
This article provides an explanation of how making a claim with a specialist R&D tax credits firm differs from claiming with your accountant.
27TH JULY, 2018
3 Things To Consider When Making An R&D Tax Credits Claim
Here are the top 3 things you need to consider when making an R&D tax credits claim. These tips will ensure everything runs smoothly and you aren’t left disappointed.
13TH JULY, 2018
R&D Tax Credits – Don’t Fall Through The HMRC Trapdoor
If you don’t put in the time and effort to properly prepare your R&D tax credits claim, you may fall through a trapdoor into a series of HMRC enquiries into your claim.
25TH JUNE, 2018
Tax Cloud Shortlisted For Innovation Of The Year
We are delighted that the Accounting Excellence Awards 2018, have shortlisted Tax Cloud for Innovation of the Year.
30TH APRIL, 2018
Benefits Of A Self-Service R&D Tax Credit Portal
For small businesses, the best approach to making an R&D tax credits claim is to work with a specialist R&D tax credit consultancy firm that can provide targeted technical expertise
13TH MARCH, 2018
R&D Tax Credits Platform Tax Cloud Celebrates 100 SME’s Seeking Expert Support
An effective tool for SMEs to process R&D tax credits claims, with expert advise on hand throughout the process
5TH FEBRUARY, 2018
How R&D Tax Credits Can Help Your Startup Grow
We take an insight into how the claiming of R&D tax credits aids development in UK-based small businessses and new enterprises.
29TH JANUARY, 2018
Getting The Best Returns From Your R&D Tax Credits Claim
If you’re considering applying for an R&D tax credit claim put are reluctant to waste time and engage in a lengthy process, read our tips on how to streamline things.
22ND JANUARY, 2018
Introducing: The Tax Cloud Partner Programme
We recently launched a new Partner Programme to help Accounting Practices assist their clients in making R&D tax credits.
18TH JANUARY, 2018
What Costs Can You Claim Through R&D Tax Credits?
Exploring the costs that can be claimed R&D tax credits and the simplest routes to take to ensure the process can be repeated consistently.
9TH JANUARY, 2018
Common Misconceptions About R&D Tax Credit Claims
Here are some of the common misconceptions about the R&D tax credits scheme that could be holding investors and business leaders back.
5TH DECEMBER, 2017
R&D Tax Credits Made Simple For Small Businesses
There are a number of different schemes available which will be tailored to different businesses needs so you can be sure that you are maximizing your returns.
20TH NOVEMBER, 2017
The 3 Things You Need To Consider When Making An R&D Tax Credits Claim
If you are thinking about going ahead with an R&D tax credits claim, be sure to read our tips on things to consider to ensure everything runs smoothly and you aren’t left disappointed.