Bank Overdraft Restrictions for SMEs

Posted by on 8 Nov 2015 in R&D Tax Credit | 0 comments

On Monday last the Daily Telegraph Business section published a short report titled “Banks End Overdrafts for Smaller Firms”. It says, and I quote… “Overdrafts for small firms are being withdrawn or cut by major lenders at an increasing rate, restricting working capital for hundreds of thousands of British businesses, a survey shows. “Around 17% of SMEs have reported that banks have removed their overdrafts altogether and a total of 30% have seen reductions imposed…” If you are in need of additional cash (for this or any reason) there may be a solution at hand if you have been a clever clogs. It comes in the form of a tax rebate from Her Majesty’s government for your research and development efforts. How much can you get? The calculation has a number of dependencies, but if you work on getting back the Corporation Tax rate (20%) of 125% times your innovative R&D spend over the past two years then you have a reasonable ‘guesstimate’. And you do not have to have been making profits. Want to know more? Email me today! Kind regards, Tony Lord R&D Tax expert, PS you could have a cheque within eight weeks, and no...

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Engineers are on top

Posted by on 23 Oct 2015 in R&D Tax Credit | 0 comments

Why is it that engineers and engineering seem to have a low position in peoples’ minds when the truth is the exact opposite? Did you know that the Harvard Business Review list the world’s top performing CEOs every year and that in the list for November 2014 24 out of the top 100 CEOs had a university engineering degree? HBR’s performance stats are based on shareholder returns and market cap. Did you know that seven out of the top ten companies led by these CEOs are technology or manufacturing companies? The UK’s contribution to engineering and technology excellence is way ahead of where it should be based the population of the country and the size of our economy. As an example look at a sample of tech and science publications … * Civil & Structural engineering – 6 out of top 15 journals are British * Biomedical Science and engineering – 5 out of top 10 journals are British * Information Systems – 4 out of top 10 journals are British * General Engineering – 4 out of top 10 journals are British Of the world’s top ten universities for engineering three of the top ten are British. It’s no wonder that the UK government supports engineering and technological developments by making R&D tax rebates available to innovative companies large and very small. However, amongst SMEs the take-up of this valuable incentive is relatively small. Maybe it is because the excellence and advanced nature of the engineering and software of the British is not so unusual to you who are doing it that it does not always seem to be advanced to you. Or maybe it is because the excellence and advanced nature of the engineering and software of the British is advanced that it is not understood by professional advisors who then say that you do not have the basis for a claim. So, to get that rebate to which you are entitled, you need to speak to an expert – one who understands engineering and software – and who understands how to claim the rebate painlessly. Just think how that extra cash in your business can help you to drive forwards at a faster...

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Innovate or Die

Posted by on 15 Sep 2015 in R&D Tax Credit | 0 comments

Albert Einstein is widely credited with saying “The definition of insanity is doing the same thing over and over again, but expecting different results” It really doesn’t matter that there’s absolutely no evidence that Einstein actually made this statement; it’s still a great quote. It is also the inspiration behind the truism in business that you can never stand still. Whatever you are doing, the effect on your business is to cause growth or decline. Decline comes when you doing the same thing over and over again, but expect different results. That may well produce revenue, and even growth for a while, but eventually the process will fail and decline will set in. No, for mid to long term success you will need to innovate. Even if your business plan is to stay the same size, you will need to innovate as old processes and methods lose their impact and competitors move forwards. So important is innovation to the ongoing success of the UK economy that there are real cash incentives available to reward innovators. And these are in addition to the actual effects achieved as a matter of general outcome from innovation. For the purpose of gaining these financial incentives what do you have to do to qualify? There are several hurdles to cross so you can win through. First the project to try and achieve the innovation must, by definition, have risk attached. It could fail, or require exploring dead ends. That’s normal. And the costs of those dead ends are recoverable. Secondly it must involve science and technology. It could be a process change applied via software. The innovation does not have to be revolutionary; disruptive innovations certainly do qualify, but so do evolutionary ones. Are you being innovative? Want to know more about the incentives? Then call me today. Tony Lord, R&D Tax Rebate Expert PS Innovative businesses like yours need more cash, so you can innovate more. I solve...

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Helping others

Posted by on 17 Aug 2015 in R&D Tax Credit | 0 comments

You meet all sorts of very interesting people through LinkedIn. Last week I made a connection with Martin Dewhurst and he made the effort to contact me directly. Martin is a very interesting character. After a career in reprographics and design he has been involved in charity based activities with the aim of providing the means for those in refugee camps and the like to begin growing food for themselves and their families. This is an interesting approach. It isn’t food aid, although the need for that is clear in the short term, but for providing the first step towards a self-sustaining existence for these millions of displaced people. His invention, known as the FoodCube, comprises a complete kit to enable people, even in poor soil areas, to begin growing food on a sort of allotment. He has had assistance from UNICEF and academic sources to ensure the kit has all the right contents for the proposed area of distribution. He attracted some funding for successful preliminary trials. He is now ready for the next step – a larger scale pilot scheme to establish the viability of the system and bring it to the attention of aid agencies and national governments who are seeking to cope with the tide of refugees and displaced persons. Can you, or your company, help Martin on his way? You can find him on LinkedIn. Just search for “Martin Dewhurst Innovator”. Also you can find his latest article through this link… Tony Lord, R&D Tax Rebate Expert P.S. Disclaimer – This summary is the work of Tony Lord and I have no connection to Martin other than as a LinkedIn connection. PPS Innovative businesses need more cash, so they can innovate more. I solve that. Contact me today. (

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The Importance of Innovation

Posted by on 17 Jul 2015 in R&D Tax Credit | 0 comments

Innovation is vital for all businesses and the guys at Innovation Excellence ( a great job in prodding and poking awareness of the importance of innovation. They have a group on LinkedIn that may interest you. You can sign up for their weekly email. This week’s email was particularly interesting. It is quite long and covers the five hottest innovation trends. As it is a lengthy, yet still very interesting, article I’ll highlight the key points here. The ‘movement’ driving innovation that’s creating the biggest stir is the ‘On Demand’ economy. Providing what customers want exactly when they need it and by the most direct route. The five top one listed are… Global startups Startups can be from anywhere in the world. Funding is now available much more easily (see crowdfunding and similar) and access to worldwide markets through the Internet is simple too. Different viewpoints lead to disruptive services. Additive Manufacturing 3d printing and the like is now on the verge of being mainstream everywhere that custom pieces are needed. More and more practical applications are being discovered as costs tumble and technical capability increases. Is your market segment vulnerable to this? On Demand services are in great demand. Currently top of the On Demand disruptors are Uber and AirBNB. Neither invests in delivery of services, but provides information connecting customer with delivery point. How will this approach affect other, traditional business areas? The Algorithmic Economy More and more data is gathered every day, hugely increasing the potential for accurate targeting. The volumes are staggering even the experts. Currently the processing of that data defeats many organisations, but it is changing fast. Big Data is becoming vital to corporations. Watch out for when they really get a handle on it. The Crowd is the Future Crowd sourcing has already worked to provide some start-ups with funding that would previously have been out of reach. But larger companies are now using the same model to drive innovation, with Lego being a great example. Can you use your customers to drive your development before your rivals do? If you think that these trends “don’t affect my business” then that could be a dangerous position. Maybe your business area will spawn the next Uber? So it is essential to continue to upgrade and refine the way you practice innovation. Innovative businesses need more cash, so they can do more development. I solve that. Contact me today. ( Tony Lord, R&D Tax Rebate Expert P.S. If any of these points tickle your interest then read the full article ( P.P.S. Disclaimer – This summary is the work of Tony Lord and I have no connection to Innovation Excellence other than as a...

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