The government’s R&D tax credits scheme could be an effective launchpad for your innovative new business. And in today’s hyper-competitive world, this could make all the difference. This is how to use the government’s R&D tax credits scheme to benefit your business.
Innovation is one of the few ways a startup can truly stand out from the crowd. Clever products, better techniques, smarter delivery and unique services can all provide a useful edge over experienced, well-funded rivals.
Take Silicon Valley, where a combination of innovation and risk-taking has helped companies extend their reach around the globe. To stake a claim in their industry before well-funded competitors soak up the market share, British startups must adopt a similar mindset.
The UK government knows only too well that innovation helps local startups survive. It has, since 2000, directly incentivised innovation in the British economy through specialised tax credits.
The government’s R&D tax credits scheme is far from complicated. However, lack of awareness and a number of misconceptions mean many businesses haven’t sought claims under the program.
If you’re the founder of a startup, it’s definitely worth taking a closer look at how the scheme can benefit your company. UK SMEs are able to claim 230% of eligible R&D costs in tax credits.
These credits can help offset the corporate tax small business owners pay each financial year. What’s more, even companies making a loss can claim 14.5% of “surrenderable” losses so as to offset tax liabilities.
How Prosper can help
Prosper² is keen to ensure its members maximise their R&D tax entitlements. We have therefore introduced a service for members to determine whether their businesses are eligible to claim under R&D tax criteria.
You can find the Research & Development Tax Credits Eligibility Assessment in the Reports section of the Service Hub. Click here to find out more.
The use of video in business has generally been confined to advertising, training courses or management messages to employees. Tevadis is taking a different approach, they are bringing short, structured video technology to everyday work tasks. Their approach is to simplify record keeping and provide businesses with a way to gain a competitive advantage.
The government’s R&D tax credits scheme could be an effective launchpad for your innovative new business. In today’s hyper-competitive world, this can make all the difference.
Learn how to use the government’s R&D tax credits scheme to benefit your business and ensure innovation helps your business stand out from the crowd.
R&D tax reliefs support innovative businesses working on projects that push technological or scientific boundaries.
Discover why now is a great time to claim for R&D tax relief and how to succeed when claiming.
We’re exhibiting at the 41st edition of The Business Show on the 15th & 16th May at London ExCel. We highly recommend that you attend.
Find out how Prosper² Rewards and Prosper² Business Club can benefit both you and your business by visiting us on stand 122.
Recognising and rewarding customer loyalty has become the mainstay of a sustainable business-client relationship.
With 95% of marketers paying attention to enhancing the customer experience, rewards programmes are now a vital element of B2B business strategy.
The Northern Business Exhibition takes place in Manchester and brings together thousands of professionals every year, making it the largest business show in the North of England. It is the go-to event for anyone starting or growing a business in a challenging economic climate, as well as for business professionals looking to improve skills and develop key relationships through networking. So, why not take the opportunity to come and visit us on stand G24.
Rewards programmes have been around for at least a century now, but their significance was never more appreciated. The growing realisation of the importance of loyalty continues to spawn a plethora of loyalty programmes in every industry. The good news is that more and more customers are enrolling themselves into these programmes.
Companies spend billions of Pounds in their efforts to improve their customer engagement and to encourage customer loyalty. That makes loyalty programmes one of the most significant business investments. Naturally, they expect this investment to reap sizeable returns too.
However, most of the loyalty programmes fail to produce those returns.
An average adult is estimated to make roughly 35,000 decisions per day. Each of us is bombarded with an overwhelming amount of information throughout the day. Advertisements, road safety signs, people, traffic, our chores, work tasks, shopping, entertainment, family commitments and more demand our attention and drain us of our energy.