Category: Blog

7 ways to legitimately reduce your Corporation Tax Bill

Alex Hannaway July 8, 2024

With the Corporation tax rate increasing from 19% to 25% in April 2023, more companies are feeling the squeeze each month. Combined with rising costs

Navigating the new R&D tax credit claim process in 2024: A comprehensive guide

Alex Hannaway June 25, 2024

In his Autumn Statement of 2021, then-chancellor Rishi Sunak announced significant R&D tax relief reforms, marking the beginning of a series of changes designed to

International Women’s Day – a Xennials perspective in the UK

Sophie Temple March 8, 2024

Today is International Women’s Day, and it also happens to be the birthday of our Head of Marketing, Sophie Temple! Take a look at Sophie’s

4 funding options for Growth-Stage companies

Alex Hannaway May 31, 2023

If you’ve been operating for over five years and are now experiencing substantial growth, you’ve hit a milestone. At this point, securing proper funding is

How to Develop an Effective IP Strategy for Your Tech Startup

Alex Hannaway April 26, 2023

In the UK tech industry, intellectual property is critical for startups to protect their innovations and differentiate themselves from competitors. Developing an IP strategy can

Ideation to launch: The Creative Process for Business Innovation

Alex Hannaway April 21, 2023

Today is World Creativity and Innovation Day, an excellent opportunity to recognise the importance of innovation. Here at EmpowerRD, we know first-hand how critical innovation

The UK Innovation Report 2023: What you need to know

Alex Hannaway April 3, 2023

Want to know how the UK’s innovation activity and global industrial performance compare to other countries? The Cambridge Industrial Innovation Policy annual UK innovation Report

R&D tax relief changes: Stay in the loop with our go-to cheat sheet!

Alex Hannaway April 3, 2023

From 1 April 2023, the R&D tax relief scheme is undergoing drastic changes. To help you understand what these changes mean for your company’s future

The UK R&D tax credit rates are changing – Download your free quick reference guide now!

Alex Hannaway December 5, 2022

In November 2022, the Autumn Statement announced significant adjustments to UK R&D tax credit rates, which will come into effect on 1 April 2023. Because

Could you be missing out on £53,663 of R&D tax credits a year?

Alex Hannaway November 18, 2022

According to HMRC’s most recent statistics, the number of startups claiming R&D tax credits was 78,825 in 2021, and the average tax credit claim size

Best practice for building a high-quality R&D tax credit claim

Alex Hannaway November 4, 2022

While a compliant R&D tax credit claim should be the norm, recent years have seen an uptick in error and fraud. In response, HMRC has

The R&D technical narrative: the final piece in the R&D tax claim jigsaw

Alex Hannaway November 22, 2023

Since the Additional Information Form (AIF) came in last year, the inclusion of a narrative (referred to as a “technical narrative”) has now become a