Maybe you’ve heard of R&D Tax Credits, maybe you haven’t. But if your business has recently undertaken any innovative work that involved some advancement in science or technology then this is for you. Especially if you’re an SME.

HMRC previously paused some R&D tax relief payments while they investigate an increase in irregular claims. See the latest update.

Since its launch back in 2017, the Tax Cloud portal has been continuously tweaked and improved. Why not see how much your company could claim?

At Tax Cloud, innovation is our thing. So we thought we’d put together our top five picks of the most game-changing medical inventions and how they came about.

The Tax Cloud portal is pretty amazing (even if we do say so ourselves). If you’ve not come across it before it’s a market-leading online solution designed to make claiming R&D Tax Credits a breeze.

The draw of "if it ain’t broke don’t fix it" can be strong. But only by managing innovation risk can a company realistically survive and thrive.

Let’s face it, SMEs in particular need all the extra financial help they can get to innovate and grow. Ready to claim R&D Tax Credits?

R&D Tax Credits are for science labs and techie companies, right? Or huge conglomerates with R&D spends of millions? Wrong! Don't fall for the myths.

When the Covid-19 pandemic hit, many R&D projects stalled as companies simply tried to stay afloat every day. So what now?

Thinking about claiming R&D Tax Credits? You’ll want to make sure everything runs smoothly. After all, with a staggering £7.4 billion claimed by UK businesses in 2019-2020 alone, can your business afford to miss out?

Small businesses particularly will only succeed in an R&D tax relief claim by working with a specialist consultancy to guide them through the process. A self-service portal like Tax Cloud does exactly this.

From the 1st April 2022, a new tax comes into force around plastic packaging. How will it affect your business?

An organisation will only succeed long term if it takes a strategic, proactive approach to innovation governance right from the top downwards.

No, we’re not talking mythical white horses with horns here. These are billion-dollar start-ups right here on home soil. But what sectors are they in, and why do they launch here? We take a look.

R&D Tax Credits mean up to 33% of innovation costs can be claimed back from HMRC. Generous indeed, but there are other benefits to claiming too.

Many of us are starting to struggle with our new year pledges. But all is not lost! No and low-alcohol drinks manufacturers are really catching up.

Having launched with great fanfare 23 years ago, the BlackBerry has sadly gone sour. But why?

It’s well worth considering R&D Tax Credits during the course of the project itself - not as an afterthought. Here we look at why.

The technical report is a crucial part of any R&D Tax Credit claim. Getting it wrong could easily make the difference between success and failure.

When submitting an R&D claim, you want to make sure that HMRC will approve it and award you with the R&D tax relief you're entitled to. But what's the best way to do it?

At the previous Budget in Spring, the government launched a review of R&D tax reliefs alongside a public consultation. The Chancellor has now announced a series of initial changes as part of this review.

Claiming R&D tax credits is a great way for companies to increase their cashflow, fund innovative projects and grow. But how far back can claim R&D tax credits?

Find out how many R&D claims were made in 2020, how much was paid out in R&D support and which industries claimed the most R&D tax relief...

Droughts, hurricanes, floods and heatwaves are hitting our shores and ruining our planet. It's time something changed....

From melting ice-caps and droughts to floods and food shortages, cleantech is one of the ways we can reverse the effects of climate change.

The legislation around claiming R&D tax credits for consumable items has changed. To avoid confusion, this article goes through what consumables are and what exactly you can claim under the R&D tax scheme.

Waiting for your R&D tax credit claim to be processed by HMRC can be a nerve-wracking time, especially if you need the capital. Find out how long it's likely to take to receive your R&D tax credit entitlement.

The high costs associated with developing new healthcare products, improving existing ones or developing novel processes means that the healthcare sector is a prime candidate for R&D tax relief.

Many businesses are unaware of the R&D tax credit incentive and are missing out on a whole heap of benefits as a result. Read about these top four R&D tax credits and inspire positive change for your company!

Only 1% of construction companies are claiming their entitled R&D tax relief. Hundreds of eligible construction SMEs are missing out on thousands of pounds worth of R&D tax credits.

In less than 30 years, the global population will have reached 9.8 billion and the demand for food will be 60% higher. What can we do? Invest in innovative AgriTech solutions...

A clear divide between the North of the country and the South still exists to this day. The differences between the two can be seen in things like disposable income, life expectancy and even R&D tax claims! Find out why...

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.

The technology behind electric cars and their components is moving on at a pace. R&D Tax Credits and grants can help the innovative companies behind it.

Understanding what direct and indirect activities to include in an R&D Tax Credits claim can make a huge difference to the amount awarded. Find out more.

Good record keeping is the foundation of a successful R&D Tax Credits claim. But if your record keeping isn’t ideal all is not lost.

Working out if, and where, your R&D project has tackled a technical or scientific uncertainty is tough - which is where Tax Cloud comes in.

Find out about latest R&D Tax Relief Consultation and how the government is supporting R&D in the Spring Budget.

With the UK government pledging to slash carbon emissions by 2050, the construction industry is perfectly placed to make it happen.

R&D Tax Credits have been around for nearly twenty years now. So why are so many start-ups missing out on vital cash?

Cutting your Corporate Tax bill down to size is sure to be a priority right now. Here are our tips.

From April a new cap is being introduced on SME R&D Tax Credit claims to help prevent fraud. Find out more.

COVID-19 vaccines have offered renewed hope of some normality returning in the coming months and years. Here we look at how businesses can ‘build back better’.

Embracing risk - and managing it effectively - are essential ingredients in any innovative project. Here we’ve put together some tips.

At long last the UK is leading the way out of the pandemic with a vaccine that’s now received regulatory approval. All thanks to R&D.

Generous R&D Tax Credit claims are making a huge difference to UK SMEs, especially in the face of the pandemic. Don’t miss out.

Using the Tax Cloud portal for your R&D Tax Credit claims is fast, simple and great value. Don’t risk missing out on some serious extra funding.

Today the government has announced an update to an element of the SME R&D Scheme for accounting periods which commence on or after 1 April 2021.

The food and drink industry has always been a hub of innovation. But COVID-19 has meant getting creative and adapting to a “new normal”.

Understanding how to write a super high quality technical report - and indeed how many to include in your application - can be the key to success. Read on.

Looking to put your entrepreneurial plans into action and start a brand new business? Now’s your chance to get the funding you need.

HMRC have just released provisional R&D tax credit data for 2020. Below are some key findings taken from the report.

Looking for R&D tax specialists in London, or anywhere else? Why hunt around when you can make a hassle-free R&D tax relief claim online.

We’ve all heard of those lucky few people making millions from something they’ve invented. So how did they spot that niche? Here we take a look.

With the government’s new Kickstart Scheme freshly launched, it’s a great time to focus on the positives that younger people bring to the workplace.

Software projects really do lend themselves to valuable R&D Tax Credit claims. Don’t miss out.

Give yourself the best chance of attracting investors to support your company’s innovative R&D plans. Find out more.

Your customers are a goldmine of information and data, especially then it comes to innovation. Find out more.

Here we look at the different risks SMEs face, and examine the reasons why a comprehensive innovation strategy is the key to success.

Boris Johnson has pledged to get the UK economy moving again with his promise to ‘build, build, build’. Now is the time for innovation.

R&D Tax Credits are proving to be a lifeline for SMEs, especially in the wake of COVID-19 chaos. Find out more.

Here we consider the four main types of business innovation, and how to support and finance them.

For businesses that can’t claim SEISS grants, there are some other avenues to try. Here we take a look.

R&D Tax Credits are open to any UK company in any sector, regardless of size. However, some sectors are more prolific claimers than others. Here we take a look.

Many unanswered questions still baffle scientists when it comes to coronavirus - but a huge amount has been learned too with hopefully positive times ahead.

With the transmission and fatality rates across the world increasing, the race is on to formulate a viable COVID-19 vaccine that could be scaled up fast.

R&D Tax Credits are a valuable way of reducing a company’s Corporation Tax bill. However some of the government’s emergency COVID-19 support for businesses can affect you company’s claim. Here we look at furloughing specifically.

Here we look at the most effective ways of encouraging online sales in these difficult trading times.

There are two key things that can’t be ignored when it comes to being eligible for R&D Tax Credits. The first is whether or not the company has received state aid, and the second is whether it’s truly a going concern.

If one positive thing can be said about the COVID-19 pandemic it’s that everyone is keen to come up with innovative new ways of fighting its effects.

Governments across the world are working to stabilise their supply chains and bring back some kind of normality. This is particularly the case with medical supplies such as PPE, as well as other medicines and foodstuffs

The Future Fund is set to open this month, with the UK government investing between £125,000 and £5 million in eligible start-ups.

Necessity is the mother of invention, as the saying goes - and the coronavirus COVID-19 outbreak has certainly shown this to be true. In this article we look at how the focus on ventilator production during the coronavirus COVID-19 pandemic has boosted innovation across manufacturers.

Working with an angel investor specifically brings its own unique advantages. They tend to have money and expertise in high abundance, and can guide you towards substantial business success. But convincing an angel investor is no easy task, which is why it’s vital to understand what exactly they are looking for from the outset. Here are some top tips to get you started.

The full economic impact of the Coronavirus pandemic is yet to be known, but there are steps you can take to help minimise the damage to your small business as much as possible.

The travel industry is constantly changing and the adoption of new trends early is crucial. Here are some of them.

Crowdfunding is a way for people, charities and businesses to fundraise. Here we look at the different types of crowdfunding which are most popular amongst small businesses.

Here we look at two of the most well-known pandemics of the last century and some of the innovation that resulted from them. Similarly, we look at the innovation efforts going on right now to tackle the latest pandemic, coronavirus COVID-19.

Innovation impacts every area of society. It’s about continuous improvement, and bringing about economic growth. But why does innovation matter right now and what can the R&D Tax Credits scheme do to help your company? Here we take a look.

At this time of worry and concern about COVID-19, the team at Myriad & Tax Cloud fully appreciates the disruption to all our usual lives, both at work and at home...

The topic of Entrepreneurs’ Relief has recently come up in the Chancellor’s Budget and has been a hot tax-related topic for some time. Here we discuss how it works and how to apply

COVID-19, will no doubt attract a large investment in R&D. From treating those already suffering with symptoms, to prevention and cure, here we look at how innovative steps have helped fight COVID-19 across the world.

Here we look at the top 10 reasons why it's so important to invest in social media as part of a successful broader digital marketing strategy.

HMRC strives to turn claims around swiftly, but of course delays do happen. So it’s well worth making sure you’ve done everything possible to get your claim dealt with swiftly.

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.

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.

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’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

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.

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.