In this second podcast on Research & Development Tax Reliefs, we cover who can claim this generous UK tax incentive.
The R&D tax relief is administered via the UK corporation tax regime so, in essence, if your company is required to file a UK corporation tax return (posh term - 'CT600'), then you are potentially within scope for this tax relief.
Other less common eligible examples include:
Sole traders and partnerships are not in of themselves eligible for the R&D tax incentive.
95% of readers will have a UK limited company which means that the door is more than likely open to claim R&D tax reliefs - just need to identify qualifying activities and costs.... (more on these matters in future episodes!).
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Tide is a new challenger bank that aims to offer hassle free banking with the potential to set up a business account online within just 5 minutes.
Here we chat to Dan from Tide on how this new offering might help fast growth companies including:
Get 3 months free banking by using the Partner Code: IPTAX
Or visit our partner link: https://www.tide.co/ip-tax-solutions
I can see this filling a gap, especially for startup companies looking to set up accounts quickly in anticipation of fundraising under say SEIS or EIS.
Also, on the face of it there looks to be little benefit in holding out for an account with a more traditional bank - especially given the added features that Tide offers (unless you anticipate a significant number of monthly transactions).
Check out the podcast below and let me know your thoughts...
P.S. Please subscribe and leave a comment on iTunes :)
We are delighted to introduce this new podcast on R&D Tax Credits to the BusinessN2K network of specialist podcasts aimed at informing and educating UK entrepreneurs.
This new podcast will provide short snappy summaries on the ins-and-outs plus case-studies on how the Research and Development tax relief might benefit your company - aimed at companies at all stages of the business life-cycle from startup through to international group.
In this introductory podcast we discuss:
Listen or download the audio below:
Today’s podcast is about Counter-Intuitive Marketing – what do I mean by this?
Simply, marketing without specifically mentioning your product or service – there’s novel!
Make me interested in you and your message first. If I identify with you, I’ll be magnestised toward buying from you.
It makes everything so much more interesting (OR we could go on hearing you banging on about your widget or service along with the undifferentiated millions of others).
Dive into to listen and please leave your thoughts below.
How can you scale your service-provider business without adding more and more people?
Today we discuss ways of scaling your service-led business. How? By using technology to deliver services that might typically be provided on a one-to-one basis but this time on one-to-many basis.
We discuss the opportunities provided by webinars and online closed client platforms to help deliver your services – this time, with scale…
Today we explore how your business might become “Mission-Led” and transcend the day-to-day transactional nature of most businesses.
Having a wider mission or cause can help focus your business on something bigger than itself. We discuss books such as Spiritual Capital, Firms of Endearment and good examples of successful businesses such as Toms Shoes that are mission-led.
Your mission or Big Why could be to improve your village, town, city, country or the World. No mission or cause is too small or too big. Just so long as it transcends your day-to-day business.
Let me know your thoughts on how you are applying these principles to evolve your business?
There are two opposing views:
“Strategy is the rare and precious skill of staying one step ahead of the need to be efficient”
“Your margin is my opportunity
Jeff Bezos -Founder, Amazon
Neither perspective on strategy is right or wrong – today we discuss the importance of understanding which end of these extremes your business is positioned?
I once asked a successful entrepreneur what made a great accountant / adviser- his answer was to be both:
1. Timely AND
Something to chew over in today’s podcast – look forward to your comments
Listen in to hear 3 powerful questions to help you focus on working ON your business rather than IN your business.
Let me know if this helps or if you have any other powerful questions that you can share to help other entrepreneurs and business owners?