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.

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.

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

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.

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.

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.

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.

We’ve put together what we think are the top five amazing fledgling food waste solutions that UK innovators have to offer.

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.

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

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.

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.

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.

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.

For an R&D Tax Credit claim, eligible staffing costs come under two categories.

The R&D Tax Credit incentive scheme is as popular now as it has ever been with thousands of UK companies reaping the rewards.

We’ve put together what we think are the top four main benefits in claiming R&D Tax Credits to bring a little inspiration.

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.

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.

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.

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.

You’re itching to get on with your new business venture. But there’s just one small thing still to sort out – funding.

What exactly are qualifying consumables when it comes to R&D tax relief?

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?

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.

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.

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.

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

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.

Today’s business world is hectic, fast-paced and challenging which makes development and innovation truly essential to a company’s survival.

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.

Tax Cloud launched in Ireland last month to help Irish businesses benefit from Revenue’s R&D tax credit entitlement.

Businesses are currently missing out on thousands when it comes to R&D Tax Relief, in particular SMEs.

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.

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.

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.

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.

R&D Tax Credit isn’t only reserved for companies with deep pockets, even small businesses can benefit from it and become market leaders.

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

We’ve taken some of 2019’s biggest innovators in various sectors and found out how they do it.

In this blog, we’ve listed a few of our favourite accidental innovations to get you in the mood for an innovative week.

Visit stand 140 to learn more about Tax Cloud at Accountex 2019

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

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.

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.

You might be missing out on R&D tax credits – here's how they work and what schemes you should be applying for.

Determining which type of public funding is right for your start-up depends on your business and your future goals.

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

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

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

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.

Here’s some good news: claiming R&D tax credits is not as difficult as you think.

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.

Many manufacturing projects are still missing out on R&D tax credits. Find out what qualifies as R&D in manufacturing.

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?

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.

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.

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.

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.

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.

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:

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

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.

This article provides an explanation of how making a claim with a specialist R&D tax credits firm differs from claiming with your accountant.

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.

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.

We are delighted that the Accounting Excellence Awards 2018, have shortlisted Tax Cloud for Innovation of the Year.

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

An effective tool for SMEs to process R&D tax credits claims, with expert advise on hand throughout the process

We take an insight into how the claiming of R&D tax credits aids development in UK-based small businessses and new enterprises.

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.

We recently launched a new Partner Programme to help Accounting Practices assist their clients in making 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.

Here are some of the common misconceptions about the R&D tax credits scheme that could be holding investors and business leaders back.

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.

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.