R&D Tax Credits
Staffing Costs: Common pitfalls for R&D tax credits
Staffing cost are a key cost for many companies claiming R&D tax credits. But there can be some pitfalls and traps for the unwary...
Steve Livingston
Steve Livingston LLB FCA is the Founder of IP Tax Solutions. Having trained at Big 4 firm, KPMG, and progressed to Senior Manager, he was appointed as a Partner at a mid-tier global firm.
Weekly Roundup
Newsletter: 10 July 2020
Rishi's 'British Bounce Back' Summer Economic Update A bit of a strange one really - I won't go into all of the details as you can access them here [https://www.gov.uk/government/news/rishis-plan-for-jobs-will-help-britain-bounce-back] One notable announcement was a new Coronavirus Jobs
Video Games Tax Relief
Video Games Tax Relief or R&D Tax Credits - Which can I claim?
Video Games Development companies can benefit from either the Video Games Tax Relief (VGTR) or the R&D tax credit - but the decision which to choose is not quite so straightforward...
R&D Tax Credits
How do you claim R&D tax credits?
The R&D tax credit scheme is a key driver of innovation funding amongst UK businesses. It is administered by HMRC and is claimed by companies via your company tax return. It is important that you also include the supporting documentation that HMRC expect to see...
R&D Tax Credits
Impact of Dividend v Salary on R&D Tax Credits for a Director
A common problem for R&D tax credit claims is where a director shareholder (who is involved in the R&D work) has structured their remuneration as a low salary and the remainder as dividends.
VAT
Don't forget VAT Payments Return from 1 July 2020
The VAT payment deferment holiday has been great for businesses but it all came to an end on 30 June 2020. Don't forget that your next VAT payment might be due sooner than you think...
R&D Tax Credits
Software R&D Claim: HMRC success in Tribunal case
This tribunal case highlights useful reminders on the importance of Competent Professionals involvement to support claims - especially for software R&D tax credit claims
SEIS / EIS
Supercharge your SEIS / EIS Funding
Raising funding under the SEIS or EIS can generate significant cash savings for the investors but more can be achieved - if you know how...
R&D Tax Credits
Am I too late to claim R&D tax credits? How far back can I claim?
Many company founders mistakenly believe that they are too late to make a claim for R&D tax credits because they have already filed their tax return - this could be a costly mistake...
R&D Tax Credits
RDEC: Guide to the UK Research and Development Expenditure Credit
In this article, we provide a detailed guide to everything you need to know about the UK Research and Development Expenditure Credit – more commonly known as the “RDEC” for short.
R&D Tax Credits
5 R&D Tax Credit Tips for UK Software Development Companies
Here we share five R&D tax credit tips for UK based software development companies including overseas subcontractors, grants, past projects and staffing costs.
SEIS / EIS
How to apply for SEIS & EIS Advance Assurance (Ultimate Guide)
Here we provide a comprehensive 'hands-on' overview on how to apply for SEIS EIS HMRC advance assurance aimed at entrepreneurs and founders.