Category: Funding

R&D tax relief reform on the cards

R&D tax relief reform on the cards

New reforms will affect companies claiming tax relief or credits on research and development (R&D) expenditure for accounting periods beginning on or after 1 April 2023.  Currently, R&D tax relief for small or medium-sized enterprises provides an extra 130% deduction […]

making the most of business disposal reliefs

If you are a company owner planning to sell your business in the future, you can make sure that the chargeable gain on your shares is taxed at 10% rather than 20% – in other words that the disposal qualifies […]

understanding directors’ loan accounts

The tax charge on loans between a director and their company increased from April. Such loans are common practice, but problems can arise if these transactions are not properly accounted for. There are various reasons why a director can end […]

Overcoming uncertainty

Overcoming uncertainty

R&D tax relief can only be claimed by companies that have incurred expenditure on qualifying R&D. Projects should address an area of scientific or technological uncertainty and be innovative.

Budgeting for an uncertain year ahead

So, what is 2022 likely to look like?  Probably, what you forecast, then go out and make of it. The most important thing we know about the future is that it is unpredictable, so to plan for this we need […]

new recovery loan fund launched

Charities and social enterprises that have been operating for a minimum of two years can now apply for loans worth up to £1.5 million from Social Investment Business (SIB). Eligible organisations can apply for loans of £100,000 to £1.5 million […]

TORCH

TORCH is a business advisory service designed to speed up data-driven innovation and change, whilst encouraging collaborations between businesses. It enables clients who have developed a data strategy to overcome the challenges of starting new data projects. This service allows […]

Innovate UK Smart Grants: Autumn 2021

Smart is Innovate UK’s ‘open grant funding’ programme. It provides an opportunity for UK registered organisations to apply for a share of up to £25 million to deliver disruptive research and development (R&D) innovations that can significantly impact the UK […]

SEPTEMBER IS THE LAST MONTH FOR CJRS “FURLOUGH” GRANTS

The Government are pulling the plug on support to employers for furloughed staff at the end of September as they anticipate that the economy will be back to normal by October. The grant claims for employees furloughed in the month […]

bounce back repayments begin

The bounce back loan scheme (BBLS) has kept many businesses afloat over the past year, but, with the first repayments now starting to become due, many of the 1.5 million businesses that borrowed money could fall into difficulty.  Default position  The BBLS was launched in May […]

what is crowdfunding and how does it actually work?

Crowdfunding is a way of raising money for a business venture, personal endeavor, or charitable cause, where a large number of people invest in or donate money to the cause. Crowdfunding is becoming more popular with startup and early-stage businesses […]

fifth self-employed income support grant to be paid in July

The fifth (and final) SEISS grant will be available for the self-employed to claim towards the end of July. The eligibility criteria remain broadly the same as the fourth grant. Self-employed profits in 2019/20 must not exceed £50,000 and must […]

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