The introduction of the new UK Research and Development (R&D) single scheme is set to restructure the way companies access funding for their work on innovative projects. The new scheme will provide a more cohesive and consistent system for companies of all sizes to access R&D tax relief.
If you're a business owner, you've probably heard the term "full expensing" but may not fully understand what it entails or its benefits. In this blog, we'll explore what full expensing is and how it can help reduce the tax burden on companies by providing tax relief on qualifying investments, ultimately offering both short and long-term benefits for UK businesses.
On 22nd November 2023, Mr Hunt presented the Autumn Statement 2023 alongside the Office for Budget Responsibility's (OBR) economic and fiscal outlook. The DSA Prospect team delves into the details of Chancellor Jeremy Hunt's recent Autumn Statement.
Starting a business requires careful planning, strategic decision-making, and most importantly, validation. Director Nick Longford discusses the significance of testing your business idea and gaining real-world insight before investing in a start-up.
Transitioning your business from a start-up to scale-up can be an exciting journey filled with new prospects and opportunities. However, it's important to acknowledge that the path to growth is accompanied by a unique set of challenges that entrepreneurs must overcome.
Are you looking to boost your tax relief while supporting SMEs? The government-approved Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) are designed to do just that - but how does it work?
For small and medium-sized enterprises (SMEs), acquiring the necessary capital for expansion can be the make-or-break factor when it comes to their success. Fortunately, the EIS and SEIS schemes offer a financial lifeline for businesses looking to scale-up.
Research and Development (R&D) is a vital component for businesses looking to stay competitive and innovative. It serves a two-fold purpose for organisations. Firstly, it enables them to create something unique that has market potential. Secondly, it may give them an edge over their competitors.