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Latest HMRC figures show largest boost yet for innovative UK companies

Latest HMRC figures show largest boost yet for innovative UK companies

HMRC has released the latest statistics for the value of Research and Development Tax Credits covering 2018-19 so far, and with £5.3 billion claimed already, it highlights the biggest boost to innovative UK companies yet. To date, an impressive £33.3bn has been claimed in R&D tax relief overall, and there’s no sign of the continued…

Job Support Scheme replaces CJRS from November 1st

As of November 1st 2020, a new scheme called the Job Support Scheme replaces the Coronavirus Job Retention Scheme (CJRS). This scheme will run until April 2021. Under the Job Support Scheme, the Government will pay a third of hours not worked up to a cap of £697.92 a month and the employer will also…

Fuelling Maritime Innovation With R&D Tax Credits

The UK continues to drive innovation in the maritime and marine industry, with businesses frequently embarking on ambitious projects in order to create an advance and overcome various technical challenges in their work. This has only been amplified by Brexit, trade conflicts & Covid-19. Although creating many challenges, these uncertain times have also presented unique…

TS Partners Opens Plymouth Office

We’re excited to announce the successful acquisition of GRCA, a well-established accountancy practice based in Plymouth run by Geoff Rogers. From the outset, we could see that GRCA’s ethos closely resembled the style and approach we have TS Partners, which is why both parties instantly felt this was a great match. A particular area that…

The Furlough Scheme is changing again from 1st September

Are you aware of the further changes to the Furlough Scheme from 1st September? As the Coronavirus Job Retention Scheme (CJRS) continues to wind down towards its closure at the end of October, important changes are being introduced from 1st September. What employers need to know In the scheme’s penultimate month, employers must still pay…

R&D in Software Development: What are the overlooked complexities?

R&D in Software Development: The Complexities of Claims Uncovered As everyday processes become increasingly digitised, businesses continue to invest in software development and IT to evolve and streamline how they operate. This has without a doubt become a priority for many businesses when responding to COVID-19, as they’ve need to cleverly, and rapidly, adapt their…

Incentives Available for Innovative Businesses Following Budget 2020

The new Conservative Government was expected to provide stimulus for UK businesses operating outside the EU post-Brexit and measures to support innovation were announced in Rishi Sunak’s first budget.   In summary, research and development expenditure (RDEC) rate has increased from 12% to 13% from 1 April 2020, public research and development (R&D) investment will be…