Business Scotland Magazine

A five-fold increase in the number of compliance reviews carried out by HMRC has left hundreds of accountancy firms rethinking their approach to R&D tax claim services, according to one leading industry expert. ZLX Business Solutions has responded to the...

Valuable tax relief associated with the remediation of land and buildings is going unclaimed due to a lack of awareness from commercial property owners, investors and developers. That is the view of David Purvis, a land remediation expert at ZLX...

Two professional services specialists have joined forces to offer financial peace of mind to businesses operating across the UK. ZLX Business Solutions, a leading research and development (R&D) tax credit specialist, and independent financial advisor, Ascot Lloyd, have agreed to...

Following significant changes to the rules surrounding research and development (R&D) tax credits, accountancy firms looking to enhance their R&D tax claim services are now turning to ZLX Business Solutions for specialist support. With offices in Glasgow and Aberdeen, the...

The rules around R&D tax credits are changing from April 1st, 2023, and will mean claims made after this date will be subject to higher levels of scrutiny. With only weeks until the deadline, Stephen McCallion, founder and CEO...

The clock is ticking towards new government legislation that could penalise companies that claim tax relief for research and development activity. From April 1st, 2023, changes to R&D tax credits mean claims made to HMRC will be subject to higher...

Inverness-based all-trades contractors Simpson Builders were able to claim back a substantial research and development tax (R&D) claim with Access2Funding after finding R&D on each of its sites. About Simpson Builders: Specialising in civils works, Simpson Builders, a medium-sized enterprise established...

The Big Picture - increasingly contributing to business innovation By Terry Toms, RandDtax According to the latest figures on R&D Tax claims published by The Office for National Statistics (ONS) in October 2019, and projections from those, it is likely that...

Ensure that you understand exactly what service Consultancies can provide and their Terms of Business. Not all consultancies are equal in capability, expertise or in the service they provide. In some cases, Consultancies will indicate that they do NOT...

What is FinTech? References to ‘FinTech’, or Financial Technologies, have been on the rise over the last few years – but what falls into this category? FinTech largely applies to technology used within the financial services sector, largely by the institutions...

Agriculture is an ever-evolving industry in the UK. Similarly to the food tech industry, agricultural businesses are constantly needing to adapt and innovate in order to keep up with changes in demand, as well as overcoming pre-existing issues within...

By Caroline Walton, Specialist Tax Consultant at Catax; experts in specialist forms of tax relief. With it currently unclear as to whether, and if so when, the UK will leave the EU and on what terms,...

Research and Development (R&D) tax relief is awarded to businesses that invest in innovation. This innovation can be in the form of developing new systems, processes, products, materials, devices, or any changes to the way your business works. The chances...

Whilst Research & Development (R&D) legislation has now been in place for 19 years, there are many companies still not claiming the relief they are entitled to or are only scratching the surface in their claims. In our experience, most...

By Nigel Holmes, Head of R&D Technical Operations at Catax.   A question we, at Catax, face daily. As a Chartered Accountant, and Chartered Tax Adviser, with nearly 25 years’ experience in an accounting practice, and knowing many accountants, let me tell...