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FI Group’s Digital R&D Tax Platform
By now businesses across the UK should be well informed of HMRC’s push to make all tax across the board digital. This digital reshuffle to the tax system has been introduced to minimise tax gaps, which between 2020 and 2021 accounted for £32 billion (5.1%) of ‘total theoretical tax liabilities.’ So, what does this mean…
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AR: The world between realms
Augmented Reality technology is revolutionising the world. Undertaking an AR project? You could be eligible for R&D tax credits.
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What Makes A Good R&D Tech Report?
Your R&D Technical Report should describe why the project was undertaken as well as the technological and scientific challenges it looked to solve.
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R&D Tax Credits: How Many Years Back Can You Claim?
You can be eligible to claim up to 33% of research and development costs back from HMRC R&D Tax Credits, up to two years after the end of the accounting period from which the innovative project took place.
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Innovation hub in the UK
Gijs van Wulfen, LinkedIn influencer and the author of the FORTH Innovation Methodology defined innovation as a feasible relevant offering such as a product, service, process, or experience with a viable business model perceiving it as new and adopting it by customers. In 2021, innovation is important for individuals, companies, and countries to improve their…
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Innovative Insurance
Is R&D Reshaping the Insurance Industry? Innovative insurance companies are often known as InsurTech. InsurTech is a newly coined term in the Insurance sector. However, we are seeing a rapid rise in InsurTech start-ups across the UK, transforming the way we do insurance. With a focus on technology and innovation, there is a massive potential…
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Are R&D Tax Credits Available for the eCommerce Sector?
eCommerce has exploded rapidly over the past five years and is predicted to continue at this rate, or even accelerate. In the future, more and more businesses will move sections of their operations onto the Internet so this is the time to invest in the technology of the future. As eCommerce is constantly evolving, it…
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R&D Tax Credits for Software Development: The Ultimate Guide
Innovation is crucial to the success of businesses, and in no sector is this more obviously the case than in the fast-moving world of software development, where technological progress is constant. It was in order to help foster and promote this innovation that the Government introduced R&D tax credits for small and medium-sized businesses as…