Changing your company size will affect R&D tax credits depending on the scheme. Get to know the differences between the SME and RDEC schemes, transition periods, and Merged Scheme rules.

Discover HMRC’s 2024 R&D tax compliance updates: key stats, policy changes, and tips to navigate claims confidently.

Discover the new ERIS scheme, designed to boost R&D tax relief for loss-making SMEs in the UK. Learn how this targeted incentive could maximize your innovation funds.

Navigate HMRC's new Additional Information Form (AIF) for R&D tax claims. Learn key requirements, deadlines, and how to ensure compliance with our expert guide.

Discover the impact of the UK’s new R&D Tax Relief scheme, the Merged Scheme. Learn how these changes impact your claim, eligibility, and the potential benefits for innovative businesses.

Tax Cloud combines expert R&D tax consultants with intelligent software to streamline your R&D tax relief claims. Professional support and no-risk guarantee for UK businesses.

Learn the deadlines for R&D tax relief claims, the process timeline, and how to avoid delays with expert advice. Ensure your business doesn't miss out.

Many UK software companies miss the chance to claim valuable indirect R&D tax credits for in-house, outsourced, or collaborative work, which can significantly reduce tax liabilities—this guide explains how with practical examples.

In the UK, companies can access R&D tax incentives, but understanding indirect activities is key, as not all directly resolve scientific or technological uncertainty.

HMRC maintains stringent criteria for what qualifies as research and development, which may prove difficult to navigate without expert assistance.

R&D tax credits offer up to 33% back on innovation costs and reduce tax liability, but detailed reports and compliance with HMRC requirements are crucial to secure these benefits and avoid audits

Are you a talented software developer ready to lead a dynamic team? If so, we want to hear from you!

Armed with the ideas from this guide, you'll be well-equipped to make informed, strategic decisions about reducing your corporate tax bill, legally.

Government-backed R&D tax credits can fund R&D work and help construction companies thrive in a vital but dynamic industry.

Exploring the eligibility and benefits of R&D tax credits for the evolving healthcare sector in the UK

Explore how AI is revolutionising innovation across various sectors, including healthcare and technology, offering new perspectives and solutions.

Discover essential insights on claiming R&D Tax Credits in the UK. Our latest blog explores the top 8 common errors businesses make in their claims, from misunderstanding R&D definitions to neglecting updated legislation. Learn how to navigate these pitfalls for a successful claim

Discover HMRC's 2024 R&D tax credit scheme changes. Get key insights on the merged RDEC, SME rules, and impacts on UK innovation.

Venture into the latest insights from HMRC on R&D tax credits for the fiscal year 2021-2022.

Unlock R&D Success with Customer Persona Development. Learn how creating customer personas can guide SMEs in tailoring their research and innovation efforts effectively.

Explore the benefits of using an R&D Tax Credit specialist. Understand HMRC guidelines, maximise your claims, and avoid common pitfalls. Ensure compliance and maximise returns on your innovative endeavours.

Dive into the world of R&D tax credits and discover which software projects qualify. From AI innovations to custom solutions, learn how your software development can offer substantial tax benefits

This blog is designed to be a comprehensive guide tailored for UK-based companies on the strategic importance and practical aspects of allocating a budget for Research and Development (R&D).

From innovation efficiency to time-to-market, learn how to quantify your R&D success for maximum impact.

Explore the transformative impact of AI on Research & Development. Delve into the revolutionary opportunities it presents and the challenges it poses in modern R&D landscapes.

his blog will provide you with a comprehensive guide to help you ask the right questions, navigate the process, and optimise your R&D tax credit claim.

In this blog, we'll explore what to look for in an online R&D tax credits claim portal.

In this blog, we aim to demystify the relationship between the accounting concept of a 'Going Concern' and its significant impact on the application and maximisation of Research & Development (R&D) Tax Credits, a crucial financial incentive for innovative companies

Discover practical insights to streamline cost tracking for R&D projects, making it easier for UK SMEs and small businesses to claim valuable R&D tax credits.

Discover our innovative online R&D tax portal at Accountex 2023 and join us in supporting a great cause with every demo we conduct at our stand!

Discover the ultimate guide to submitting a winning R&D tax credit claim for UK SMEs and small businesses, complete with expert tips, a step-by-step application process, and insightful case studies.

Whether you are a startup or a well-established business, the guide offers helpful advice, tips and practical information on how to maximise your claim and boost innovation in your business.

Unlocking R&D tax credits for manufacturing companies in the UK remains a significant yet underutilised opportunity. By understanding the qualifying activities, firms can identify and substantiate their eligibility, thereby maximising their claim potential

In this blog post, we provide a quick guide so you can get up-to-speed with everything you need to know about how to create and submit your technical reports when making an R&D claim.

In today's competitive business landscape, companies must stay innovative to survive, and R&D tax credits offer valuable incentives to support research and development costs - but which costs can be claimed?

If your company is creating a new or improved product, service or process, then you may be eligible for R&D Tax Credits. This article explains what HMRC considers to be qualifying R&D.

This blog post aims to provide an overview of 9 legal strategies that UK businesses can implement in order to reduce their corporate taxes.

If your company has plans for innovative growth projects, or indeed has undergone such projects recently, then read on - it may well be the best thing you’ve done all year.

Building a business from scratch can be scary, but our eight considerations below are a great starting point.

In today's competitive business world, it is more important than ever to be innovative and creative. However, many businesses find themselves held back by bad habits that crush their creativity.

Start-ups grow at a rate of knots - they have to for survival. Find out how claiming R&D Tax Credits can make such a big difference for new innovative companies especially.

At Tax Cloud we get plenty of questions from companies looking to maximise their R&D tax relief claims whilst avoiding the often higher fees paid to consultants. So we've put all the answers in one place!

Claiming R&D Tax Credits can be a complex process. But the Tax Cloud portal makes it easy and inexpensive.

The cost of living is sky high. Both personally and in business, every penny counts and with inflation currently hovering at 10% and rising, cutting costs is paramount.

If your business uses Xero, it's even easier to make a fully optimised R&D Tax Credits claim using the Tax Cloud portal.

Innovation and risk go hand in hand. But in these times of narrow margins and irreplaceable brand reputation, jumping into a risky new innovation project can feel seriously overwhelming. It doesn't have to be with our tips.

You know that saying “Fail to prepare, prepare to fail”? Well that’s certainly the case when it comes to R&D Tax Credits. Follow our top tips to avoid an HMRC enquiry.

Startups will only survive if they grow - and fast. It’s the key to streamlining processes, enhancing the supply chain, reducing costs and eliminating waste from production.

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?

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.

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.

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.

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!

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...

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.

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.

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?

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.

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.

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.

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.

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

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.

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

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.

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.

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.

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.

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

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