Wales has the fastest growing digital economy outside of London, and the growth of the financial and professional sector in Wales has led to a thriving Fintech industry.

Starting a business is not easy. Taking the plunge to set out on your own takes courage, commitment, and a reasonable amount of self-confidence.

The importance of innovation has been a constant and familiar message from policymakers and business leaders for many years. But what is innovation and what role does research and development (R&D) have in it?

Whether looking for seed funding as a startup or conducting your latest funding round to aid expansion plans, understanding how Research and Development (R&D) Tax Credits work is highly advisable.

HMRC release their latest 2018 Research and Development (R&D) Tax Credits Statistics Report; sharing data for accounting periods ending during the 2016-17 tax year. Displaying a few notable trends, we at Lime R&D analysed the data, assessing to what extent companies are utilising this government incentive.

How do you choose the right adviser to give your claim the greatest chance of success?

Read the factors to consider when choosing an R&D tax credit adviser.

Are you an accountant or business adviser? Offer your clients a lucrative service with Lime R&D’s fee sharing opportunities. Lime R&D are Chartered Tax Advisers dedicated solely to R&D tax credits and can help your clients access this extremely valuable funding source.

How do I make an R&D tax credit claim? Lime R&D’s LimeLight article explores the two key components of an R&D tax credit claim, the project summary and cost calculation.

A question we are often asked is “what records do we need to support our R&D tax credit claim?” Our chartered R&D tax advisers explore this subject and explains what HMRC expect to see.