The benefits of R&D for your business

What is R&D? Research and development is an activity that seeks to create new knowledge. Within a business context, R&D will aim to create a new product, process or service; or improve an existing one. In fact, that forms part of HMRC’s definition of R&D. ...

Increased scrutiny for R&D claims in 2021

In November the Auditor General concluded his audit of HMRC. The resulting report has numerous recommendations across all aspects of HMRC’s service delivery, but it has particularly notable recommendations for the R&D tax credit scheme. HMRC are now...

PAYE cap: changes to the SME R&D tax credit scheme

The government has announced changes to the rules for R&D tax credits for SMEs in a bid to target perceived fraudulent claims from businesses.  For all claims having accounting periods beginning on or after 1st April 2021, there will now be a cap set at 300% of...

EmpowerRD in the news: The Times

The Times, Business Owners’ Checklist   EmpowerRD featured in The Times, Business Owners’ Checklist special on companies helping businesses through the unprecedented economic challenges caused by Covid-19. At EmpowerRD our mission is to ensure that...