R&D Tax Credits and Drawdown Loans

R&D tax credits are a lifesaver for many startups, the money is invested in new innovation, contributes towards the next payroll run, the rent for the following few months or maybe even an upgrade to the latest Apple MacBooks. Regardless of the size of the R&D claims, or how it’s going to be spent, companies are always eager to get their R&D tax credit claims into their bank as quickly as possible - and why wouldn't they be. The good news is there is a way to accelerate R&D claims in the form of a drawdown loan facility. Let’s do…

KTPs and R&D Tax Credits – How to increase your R&D Tax Credits by over 50% with very little effort

We’re seeing more and more companies, large and small, collaborating with universities via KTPs allowing academics to exchange skills and research with entrepreneurs. When it comes to claiming R&D tax credits, KTPs can be somewhat confusing. The arrangement between a University and a Company under a KTP scheme When a company and a university work together under a KTP arrangement, the university typically appoints one or more Ph.D. students or research associates to work on the relevant R&D project with the company. The company then pays the university towards some of the salary costs of the team - typically 30%…

Why Is R&D Still Being Underclaimed By UK Businesses?

Claiming R&D tax credits or relief is a great way to maximise the amount of money you have available to invest in future growth. But there are many UK businesses that still haven’t unlocked its full potential yet.With such generous incentives available to businesses that are investing in research and development, it begs the question: why is R&D still being underclaimed?Here, we explore the challenges and beliefs that hold businesses back, and how you can combat them to reap the rewards of innovation.“I don’t understand R&D”Many people simply don’t understand R&D. Whilst there is information available on the HMRC website,…