In data recently released by HMRC, more than 52, 000 small and medium-sized companies claimed R&D tax credits for the 2018-19 tax year. They noted that the total relief claimed was near £6 billion, and half of that came from these smaller businesses. In comparison to prior years, this shows a 19% increase in small [...]
Intelligent Growth Solutions 9IGS), a Scottish agritech firm, has announced the introduction of its indoor growing systems to the UAB. UAB has been searching for sustainable growth alternatives that produce high yields and require low qatar input to help sustain their growing populations. IGS and Madar Farms, based in Abu Dhabi will enter into a [...]
What do you get when you mix a real estate investment company, a real estate group and a science-based incubator? The UK’s first nationwide life sciences ecosystem! US-based Harrison Street and UK-based Trinity Investment Management have announced their joint acquisition of BioCity, a science business incubator. This acquisition will bring BioCity into the fold with [...]
With the expansion of the HMRC’s R&D compliance unit, many companies are noticing an increase in correspondence directly from the HMRC. They have a few different types of letters they might send you, from a”nudge” letter to an official notice of a compliance check. Understanding these letters and how to respond to them can be [...]
Love Joes, also known as Chicken Joes, has secured £77,863 in R&D tax relief for their 2019 tax year. This tax relief went towards developing a new cooking and coating factory including how to adhere coatings and filter oil more effectively. Love Joes has been innovating and advancing the food world for the past 27 [...]
Many companies take advantage of the R&D tax credit, developing their innovative capabilities without impacting their bottom line. Industries conducting scientific research, or developing a new product know they qualify with minimal doubt. However, other sectors often count themselves out before trying. Data published from HMRC shows the UK construction industry accounts for just 6% [...]
With the onset of COVID-19, the government put up a number of different support packages in the form of grants. Two of the most popular schemes were the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS). Understanding how government grant funding impacts your R&D claim will be crucial to maximizing [...]
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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