SiFive, Inc., a fabless semiconductor company, has announced the opening of its new UK Research & Development (R&D) Center headquartered in Cambridge, United Kingdom. Along with this new facility, the company is committed to hiring more than 100 new employees across a range of roles. SiFive is the first company to produce a chip that [...]
This month, Equiano, Google's subsea internet cable in Africa, will make its first landing in Togo. This was announced by Google on Friday (18 March 2022). Originally announced in 2019, Equiano is Google's 14th subsea cable investment, but the first devoted to internet access in Africa. The vehicle will travel from Portugal to South Africa [...]
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, [...]
The ICAEW's Tax Faculty summaries the annual report and highlights the differences HMRC complaints decreased by 19% (1,029) COVID-19 support is less of a problem, but the number of complaints is higher than before COVID. The complaints that have been resolved represent 32% of the total, and those that have been partially resolved could still [...]
Edinburgh-based startup, Stamp Free Ltd has raised £600,000 as part of an oversubscribed funding round. The company has only increased in valuation since September 2021. With a pre-investment valuation of £4 million, the company doubled its £2m pre-investment valuation from its Seed One funding round. The company has focused their efforts on developing a digital [...]
NatureMetrics, a DNA-based biodiversity monitoring company, has announced a raise of more than €14 million in fresh funding. The funding round was led by urban sustainability-focused venture capital fund 2150 and saw participation from Ananda Impact Ventures, SWEN Capital Partners’ Blue Ocean and BNP Paribas Solar Impulse Venture Fund, and follow-on from Systemiq Capital. Governments [...]
WANdisco, Inc. has announced their plans to create 33 jobs at their Belfast software development centre. In addition to these 33 roles, another 11 positions will be opened up to support their research and development efforts, doubling their Northern Ireland R&D staff over the next three years. “With this new £7 million investment, we plan [...]
The Welsh Government has launched a fully funded research and development scheme to support the creation of blockchain technology. The scheme, aptly titled “Demonstrating the Potential of Blockchain”, will be run by Blockchain Connected - part of Technology Connected, the network for the technology industry in Wales. The plan was first launched in January and [...]
Read time: 3 minutes Rishi Sunak’s 2022 spring statement promised to reform the UK's R&D tax credits to be more generous to businesses. Which sounds like great news for small and medium sized enterprises (SMEs). But how does the government plan on doing this and how will it benefit your business ? Changes in R&D tax [...]
The Sustainable Aquaculture Innovation Centre (SAIC) has called for proposals for projects focused on improving Scotland’s aquaculture sector. The SAIC aims to transform Scottish aquaculture by unlocking sustainable growth through innovation excellence. SAIC will provide as much as 50% of the overall project costs. With this in mind, they are searching for projects which will [...]
Daniel McGregor2022-08-11I have been using Swanson Reed for my clients for more than a decade. Having a specialist firm that can provide practical and commercial advice that produces real outcomes is very important and we have received great feedback from our clients. Highly recommended.
Anatole Kononewsky2022-06-02The Swanson Reed team have provided our company with exceptional professional advice and assistance for all of our R&D claims for many years - have always achieved great results with excellent value for their services.
Melissa Doddy2022-05-31The Team at Swanson Reed are very experienced R&D Tax Advisors and gave us ongoing support with all of our R&D Claims, the consultants ensured we were always working with current legislative guidelines, gave us assistance with compiling technical and government documentation and went out their way to ensure they were with us for the entire process from beginning to end. Highly recommended to anyone who needs assistance with working through what can at times be a daunting process.
Alana Owers2022-05-30We have been dealing with Damian and Swanson Reed for several years in relation to processing our R&D claims. Always find them easy to deal with and helpful with all concerns and queries we have. We would highly recommend Swanson Reed for your R&D help.
Mexx Engineering2022-05-27We are a client of Swanson Reed since 2010. Damian and his team are very professional and extremely organised. At all times, our R&D applications were handled with care. They have reviewed each application extensively and made sure that we are supported every step of the way. We highly recommended their services.
Sarah Heath2022-05-27Damian and the team at Swanson Reed have been one of the most efficient professional organisations I have dealt with - their response time is commendable. Their specialist knowledge of R&D is extremely extensive but yet practical and importantly, they are approachable and considerate to the client's needs.
David Reisner2022-05-26We engaged with Damian and Angel at Swanson Reed on the recommendation of a related party. For the past four years they have helped my company navigate the process of research and development incentives offered by the Federal Government. This has been the single most important relationship we have had in financially supporting our journey as a start up. I can't recommend this organisation highly enough.
Sarah Hay2022-05-26Damian, Angel and the team have held our hand through the application of numerous R&D claims. They have consistently guided us through the collation of required information, ensuring compliance and simplifying the daunting task. Swanson Reed’s involvement has been vital to our successful applications!
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