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Ongoing changes to R&D tax relief – some key action points to consider | |
May 2023 If you are responsible for claiming the R&D tax relief in your company, then please read on to check that you are up to date with all the changes happening currently. | | | |
Rate changes from 1 April 2023 - SME enhanced deduction reduced to 86% from 130% and credit from 14.5% to 10%, (albeit that some SME’s with R&D costs >40% of total costs may still be able to claim 14.5%)
- R&D Expenditure Credit (“RDEC”) rate increased from 13% to 20%
Ensure your cash flow and other forecasts reflect the new rates. | |
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Will cryptos sink or swim? | |
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Despite all the doom and gloom that 2022 may have suggested, in 2023 cryptocurrency is showing a little more nuance and doggedness than predicted. With several forecasts from cryptocurrency analysts (some of which contradict) it is difficult to say if cryptos will, indeed, sink or swim. If we are to see traditional asset classes continue to struggle, will investors buy cryptocurrencies as the total number of people globally exposed to cryptos certainly continues to rise? | |
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Thames Valley businesses leading the way in sustainable innovation | |
We were delighted to attend the Thames Valley Chamber of Commerce International Green Technology Conference at Microsoft's UK HQ in Reading recently, for what was a fascinating day highlighting the many and varied business opportunities presented by green technology and the infrastructure needed to support them. | | | |
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James Cowper Kreston is a leading firm of accountants and business advisers, with offices across the South of England. We deliver focused, innovative advice to a diverse range of businesses and individuals helping our clients to maximise their potential. If you would like to discuss any of the topics raised within this newsletter please email us on info@jamescowperkreston.co.uk or call us on 01635 35255. James Cowper Kreston | |
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The information in this newsletter must not be relied on as giving sufficient advice in any specific case.
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