Tag Archive: accountants
What Projects Count as R&D?
According to HMRC, work that advances overall knowledge or capability in a field of science or technology, and projects and activities that help resolve scientific or technological uncertainties, may qualify for R&D relief. Whether a business qualifies for R&D relief is complex. Many businesses, especially smaller ones, believe that their project will not qualify. However,… View Article
A Guide To The Seed Enterprise Investment Scheme
We often talk on this blog about the benefits of SEIS. Today we’re going to explain why SEIS is such a good idea for small businesses. The main benefits of SEIS is to encourage investment in small new early-stage companies. The scheme complements the EIS but focuses on raising much smaller amounts of investment for… View Article
What Types of R&D Relief Are There?
If your company is undertaking a project that is looking at innovating, improving, or developing a product, process, or service, you may qualify for R&D tax relief. There are two different types of R&D relief which are generally dependant on the size of your company. A company is usually defined as an SME if staff… View Article
SEIS Application Made Easy
We have already written about some of the requirements necessary for a company to check whether they qualify for the SEIS. Once these requirements have been confirmed, an SEIS application must be made to HMRC for formal approval of the tax relief via an SEIS1 form. This assurance will help new start-up companies to attract… View Article
How Can My Business Claim R&D Tax Relief?
There are two schemes for claiming R&D relief, depending on the size of the company or organisation. When claiming R&D relief, you can apply via the Small or Medium-sized Enterprise (SME) scheme. Or, if you have a large company, you can apply to the Research and Development Expenditure Credit (RDEC) scheme. In general, a project… View Article
How The Seed Enterprise Investment Scheme (SEIS) Could Help
The SEIS offers seed investors extremely generous tax reliefs and this greatly helps raise much-needed seed capital in new businesses. The tax reliefs are even more generous than under the Enterprise Investment scheme, reflecting the fact that this is usually, at least on paper, a higher risk investment. For investors the main benefits of the… View Article