Corporate tax relief for R&D if you’re an SME

By |July 5th, 2022|

What is R&D and SME: These are just abbreviations for words you are probably familiar with: R&D stands for Research and Development SME stands for Small to Medium sized Enterprise SME Business’s: R&D tax relief allows SME companies to: Deduct an extra 130% of qualifying costs from yearly profit as well as the normal 100% [...]

Apple Advancements and Technologies

By |July 5th, 2022|

Apple is a well-known trillion-dollar company which dominates the tech industry. They have evolved so much in the last decade and have put out some of the most advanced technologies and software's for the public. Latest Tech Trends: The latest iPhone is the iPhone 13 it comes with an upgraded camera, more internal memory and [...]

Tax credits for R&D are suspended by HMRC

By |July 5th, 2022|Tags: , |

In an effort to mitigate abuse of tax credits, HMRC suspends certain research and development claims while it investigates irregularities. Until it is able to investigate some claims that are irregular, HMRC has frozen the payment of some research and development (R&D) tax credits. The majority of R&D tax credit claims will not be affected, [...]

London Tech Week Review: a bright future ahead for the industry

By |June 30th, 2022|

Read time: 4 minutes London Tech week showcased the future of UK Tech industry Two weeks ago .  Firstly, the week commenced with the Global Leader’s Innovation Summit, which brought together policymakers, sector leaders, entrepreneurs and investors. They discussed the challenges facing tech and what the sector can do to tackle them together. Chancellor Rishi [...]

CERT-In extends new privacy rules for VPN providers to September 25

By |June 30th, 2022|

Several VPN providers, including SurfShark, NordVPN, and ExpressVPN, have removed their servers in India due to threats to user privacy. In India, the Computer Emergency Response Team (CERT-In) has given cloud service providers and virtual private network providers a three-month extension to comply with its newly drafted VPN guidelines.  VPN privacy information owned: CERT-In had [...]

What are the risks of using cyber technology to attach to a ready-meal company

By |June 30th, 2022|

Trowbridge-based Apetitio owns several hospitals as well as Wiltshire Farm Foods, which supplies food to thousands in the West. What has happened? The company said its computer systems have been affected, causing delivery problems at both firms, but that no credit card information has been stolen. The company offered apologies to customers and advised them [...]

Boris Johnson reveals support package for Ukrainian tech entrepreneurs

By |June 28th, 2022|

 Read-time: 2 minutes UK Prime Minister Boris Johnson has unveiled a package to support Ukraine’s science, tech  and research sectors during their war. The support package includes an additional £9.8m for the Researchers at Risk scheme. Which, launched in March to help more than 130 Ukrainian scientists, researchers and tech entrepreneurs to resume work in [...]

1.5m UK SMEs expect to lose business due to rising inflation

By |June 28th, 2022|

Readtime: 3 minutes Approximately 1.5 million UK SMEs (small and medium enterprises) owners anticipate a loss of business this year. This is  due to the rising cost of living and inflation. SMEs Surveys Surveys have found 42% of SMEs and micro businesses view rising inflation as the biggest threat.  Additionally, rising energy prices was the [...]

HSBC’s new £250m fund for ‘loss-making’ tech scaleups

By |June 27th, 2022|

Readtime: 2 minutes   About the fund  HSBC  launched a £250m fund to invest in “high growth, loss-making” tech scaleups in the UK. The HSBC Growth Lending fund provides bank loans to scaleups that have already exchanged equity within the  company for funding from venture capital firms and angel investors. The fund will provide access [...]

How rising inflation is affecting your small business

By |June 27th, 2022|

Read time: 4 minutes Rising Inflation rates are all we can hear in our headlines, but how does this affect your small business?  Inflation measures how much prices for goods and services rise over time.  Inflation rates  in the UK are setting new record highs, currently at 9.1 as of May 2022, The ONS (Office [...]