Here’s an audio summary of 10 key benefits of the UK R&D tax credits government tax incentive from our R&D Tax Credits podcast.
Hi, my name’s Steve Livingston, and welcome to this podcast on R&D Tax Credits. Something a bit different in terms of how we can really share the information and help more companies access this very generous UK government tax relief.
First and foremost to introduce myself, my name is Steve Livingston, I’m the founder of a tax advisory firm called IP Tax Solutions. I’m a chartered accountant, and I’ve been advising companies for fast approaching 15 to 20 years, so fairly experienced in this area, and especially how we do tax reliefs. I have been a qualified Chartered Accountant since 2000.
So, I’ve worked with a lot of companies across a diverse range of sectors, and I think that’s one important thing to note from outset here, this research and development tax relief applies to pretty much any company in any sector. And so you may well find that you’re a founder or a director of a company, and you may have heard of this relief, but you may not be quite sure how it could apply to you.
This podcast aims to run through a series of questions about how it really works in practice; how it may apply to you and really answer frequently asked questions. That’s the format we’re going to take here so you can maybe pick and choose which ones you want to listen to. You can listen to them all if you like. Fill your boots! But you don’t have to do that at all, it’s really a case of giving you an awareness, and I should say in terms of legal blurb this isn’t professional advice, this really is just a case of education, and hopefully some entertainment on the way, as you can learn more about how this tax relief could benefit you.
So, without further ado let’s jump into the episodes. We’re going to try and cover a question in each podcast episode. We’ll aim to be quite short and snappy, so that you don’t have to get too bogged down in detail. But if you’ve got any questions you can of course shoot them over to me. You can find me at iptaxsolutions.co.uk. I also have a site at businessn2K.com. Or you can find me over an email, which you’ll find via those websites.
Again, let’s dive in. As I say, my name’s Steve Livingston. The people who are going to benefit from this podcast are really founders, directors of primarily SME companies, or they may be in charge of a large company, but hopefully find these of use. That’s all for now, speak to you soon.
Don’t assume your company doesn’t qualify – even if your accountant has discounted it or perhaps not even mentioned it (in fact that might be all the more reason to check it out!) It doesn’t matter whether your company is profitable / tax paying in a financial period or loss-making – R&D tax relief can … Read more7 R&D Tax Credit Tips
Here’s a round up of some recent financial & tax news that might be of interest – you can find an audio download version of this post below: Calls for quarterly R&D tax relief for SMEs In an effort to boost SME cashflow, there are calls for the Government to make the UK R&D tax … Read moreTax Matters: R&D tax credits; Patent Box plus SEIS / EIS course
The R&D tax relief is aimed at entities that are registered for UK corporation tax, so primarily UK companies. The relief itself is administered through the company corporation tax filing regime. What are some of the key benefits? Cash paid to companies that are pre-revenue and / or loss-making to reward them for undertaking R&D … Read moreWhat’s so good about R&D tax relief?
The UK Research and Development (R&D) Tax Relief Scheme is delivered via HMRC’s corporation tax filing system. After each financial accounting period, a company is required to prepare statutory accounts along with a corporation tax computation. The corporation tax computation calculates the tax liability of the company for the period (if profitable) based on the statutory accounts. … Read moreHow to claim enhanced Research and Development (R&D) Tax Relief?
It has been a busy week at ip tax solutions with three R&D tax credit claims securing a total of over £400,000 of R&D tax credits landing in just one week! The successful companies are all technology companies building new software platforms based from Manchester to London. The claims were agreed within 28 days without query … Read more£400,000+ R&D tax credits cash in one week
As we run up to the 7 May 2015 election, thoughts turn to what the result might mean for UK startup and fast growth companies? Techcrunch has noted the partisan approach that UK tech companies seem to be taking in writing a letter in support of the Conservative Party and points out that this stance should … Read moreWhat will the 7 May election mean for UK tech companies?
Description: In this 45 minute webinar, Steve Livingston, founder of innovation tax specialists – ip tax solutions, walks entrepreneurs / founders of UK technology and digital companies through 5 vital tax planning opportunities that are often overlooked – potentially losing out on £100,000’s of cash tax savings! These 5 essential tax tips are based on … Read more5 essential tax tips for entrepreneurial tech companies – webinar
Here is a short summary of the key changes related to the UK R&D tax credit incentive as announced in the March 2015 Budget statement. Changes include: An increase in tbe SME rate of super-deduction from 225% to 230% from 1 April 2015 An increase in the Large company scheme “above the line” credit from 10% … Read moreR&D tax credits: Key changes from March 2015 Budget Statement