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The Value of Automation Software in R&D Tax Claims
The Value of Automation Software in R&D Tax Claims Is implementing tech into R&D data tracking a help or hazard? Over the last 3 years, the UK has experienced an emergence of R&D tax platforms. These platforms are designed to reduce consultancy fees whilst maintaining a level of security, all with specialists and R&D tax…
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What is R&D in The Manufacturing Sector?
Claiming R&D tax benefits within the manufacturing sector can lead to common questions on behalf of the filing entity. As a process guide, FI Group will walk through the relevant qualifications, highlight the key benefits of investing in innovation, and describe the claiming process for potential beneficiaries. 4 Focus Areas of R&D in Manufacturing Research…
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Detailed Guide to Video Games Tax Relief
We have experience working with different game developers in the UK, so we understand how confusing tax relief for video games can be. Many studios we speak with struggle to figure out eligibility criteria, certification processes, and the complex calculations involved in claiming government incentives. Many video game developers could be missing out on significant…
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The Impact of Capitalisation vs. Expensing on UK Firms’ R&D Expenditures
In the dynamic landscape of business and innovation, the accounting treatment of Research and Development (R&D) expenditures plays a pivotal role in shaping financial reporting and influencing strategic decisions. This article delves into the effect of capitalisation versus expensing on the amount of R&D expenditures for UK firms, exploring the implications of these accounting practices.…
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R&D in the Energy and Environmental Sectors – Tax Incentives in the UK
The global call for sustainable practices has magnified the importance of research and development (R&D) in the Energy and Environment sectors. In this comprehensive exploration, we delve deeper into the thriving landscape of R&D in these sectors, shedding light on the invaluable role played by innovative enterprises. Our focus extends to the significant R&D tax…
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A Guide to R&D Capital Allowances
What are R&D Capital Allowances? As a business owner in the UK, you’re likely facing challenges when it comes to funding your research and development (R&D) projects. The costs of innovation can be high, and you might be worried about how these expenses will impact your company’s financial health. R&D Capital Allowances are a type…
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R&D Tax Credit Claim Deadline and How Far Back you Can Claim it
In the dynamic landscape of business innovation, understanding the R&D tax credit claim deadline is pivotal for companies seeking to maximise their financial benefits. This comprehensive guide delves into the intricacies of the R&D claim deadline and sheds light on how far back companies can retroactively claim these credits. Embarking on a journey of innovation…
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What is RDEC: A Comprehensive Guide to Research and Development Expenditure Credit
In the dynamic landscape of business innovation, understanding government incentives is pivotal. One such incentive in the UK that plays a crucial role in fostering research and development is the Research and Development Expenditure Credit (RDEC). In this detailed exploration, we unravel the intricacies of RDEC, providing a comprehensive understanding of its significance, eligibility criteria,…