Tax credit know-how for innovation show-how
There are numerous ways to get cash back from the Government for the hard yards businesses do generating industry know-how through innovation . If you ’ re not familiar with them , you ’ re far from alone .
In this , the first in a series of interviews , Catax tax relief expert Brendan Keane demystifies R & D tax relief .
What are R & D Tax Credits ?
I wish I knew ! Just kidding . Put simply , R & D Tax Credits reward companies that innovate . The economy thrives on exports and exports thrive on R & D . So the Government created the scheme to incentivise businesses to develop new technologies faster than the rest of the world .
Who is eligible ?
Any UK-registered company spending money on developing new products , processes or services .
What kind of projects count as R & D ?
It varies between sectors but the crucial thing to bear in mind is that true R & D doesn ’ t just improve the level of knowledge within a company , it pushes know-how further for a whole industry . There has to be an element of technological uncertainty for the work to qualify but it doesn ’ t have to be completely new . You can take an existing product , improve it and it still counts .
What is the biggest claim you ’ ve managed to achieve for a client ?
We recently secured a claim for a telecommunications client worth £ 420,000 . That was a record for me and it just goes to show how much can be at stake . There will be companies
TECHNOLOGY
IT SUPPORT PROVIDER PLACED
AMONGST TOP 1% OF MICROSOFT
PARTNERS WORLDWIDE
Growth through innovation
5 and 6 July 2022
Business Cyber Centre, Chippenham
A practical, fully funded workshop to support your business
in creating, communicating and funding innovation
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Ideation – innovation models
Culture – leadership and team motivation
Business planning
Marketing and selling innovation
Funding your innovation – which funding route and writing bids
Available to all businesses in Swindon and Wiltshire, from early stage to
established, this workshop is designed to inspire fresh thinking and
reflection.
Take two days to work on your business and
define your growth plan.
sign up at: innovation4growth.co.uk/workshops
Innovation 4 Growth (I4G) is a business support programme delivered by UWE Bristol and funded by the European Regional Development Fund (ERDF). Innovation 4 Growth will receive
up to £760,000 of funding from the European Regional Development Fund (ERDF), as part of the European Structural and Investment Funds (ESIF) Growth Programme 2014-2020. The
Ministry of Housing, Communities and Local Government is the Managing Authority for ERDF. Established by the European Union, the ERDF helps local areas stimulate their economic
development by investing in projects which will support innovation, businesses, job creation and local community regeneration.
Following a rigorous certification process, Bradford on Avon
based IT support provider, Systemagic, has been awarded
Microsoft Gold Partner Status; an achievement that places
them in the top 1 per cent of Microsoft Partners worldwide.
To achieve the prestigious certification, Systemagic was
audited and needed to meet strict criteria, including passing
core competency assessments, taking part in a customer
satisfaction (CSAT) index, supplying customer references
verifying a high standard of service delivery and a licensing
overview assessment.
Stating on their website, Microsoft says: “A Microsoft Gold
Partner is a partner committed to earning the highest level of
company customer care and collaborative relationship with
Microsoft. By achieving Microsoft Gold Partner Certification,
partners prove they are committed to excellence in evolving
Microsoft technologies and maximising the benefits that
clients receive by expertly implementing Microsoft solutions.”
Having now achieved Gold Partner status, Systemagic not
only proves its expertise in Microsoft products and services
including Teams, Microsoft Office, and SharePoint, but also
has access to a range of benefits. This includes continuous
technical training and support, advanced Microsoft tools
and a UK-based Microsoft support team, ensuring a quick
resolution to technical difficulties.
‘A Microsoft Gold Partner is a partner
committed to earning the highest level of
company customer care and collaborative
relationship with Microsoft’
Speaking of the achievement, Managing Director
of Systemagic, James Eades said, “I am thrilled that
Systemagic has achieved Microsoft Gold Partner status.
This is something the team has been working towards for a
while and we’ve been a Silver Partner for over 10 years. As a
Microsoft Gold Partner, we are excited to use our expertise
to help our customers get the most out of their Microsoft
products and use them efficiently in their businesses.”
To add to this positive news, James has recently been
presented with a personal award recognising his ambition
and success. He was awarded Male Entrepreneur of the Year
at the national Great British Business & Community Awards
2022.
James said, “I am delighted to have been nominated and
awarded Male Entrepreneur of the Year at The Great British
Business & Community Awards 2022. Having started my first
business at 17 and taking over as MD of Systemagic in 2010,
the journey to where we are today has been an interesting
one, full of many challenges, surprises and celebrations. Of
course, Systemagic’s success could not have been possible
without the support and hard work from our dedicated team.”
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THE BUSINESS EXCHANGE 2022
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