Maximise your R&D tax credit claim! Learn what costs qualify, from staff to materials, and simplify the process with expert guidance to claim up to 30% back.
Learn which costs don’t qualify for R&D tax credits. Avoid ineligible expenses with Tax Cloud's expert guidance for compliant, optimised claims.
The definition of R&D is intentionally broad to enable as many Irish companies as possible to claim their benefits. However, the burden is on the claimant to ensure that they meet the guidelines, including conducting R&D in one of the three categories.
Uncover key challenges for small Irish businesses in 2024,from rising costs to smart working and strategies for resilience
As 2024 approaches, Irish SMEs face a changing fiscal landscape. The Budget 2024, announced on October 10, 2023, introduces significant adjustments in taxation and incentives, vital for SMEs to understand and adapt to. This guide outlines the key changes and how they might impact your business.
Discover how Irish companies can benefit from R&D Tax Credits. Learn eligibility, application, and calculation for boosting innovation.
Discover why validation processes in R&D are crucial for ensuring the success of innovations in the market. Learn how validation mitigates risks, ensures compliance, and saves costs.
Explore how Open Innovation is becoming the secret weapon for SMEs in Ireland. Dive into local success stories, challenges, and a practical roadmap to harness collaborative innovation for growth.
Explore how the new 15% global corporate tax rate could affect R&D tax credits for small businesses in Ireland.
To assist Irish businesses in maximising their R&D tax credit claims, this article provides an exhaustive guide to navigate and optimise their R&D tax credit claim.
In this blog article, we'll explore the ins and outs of R&D tax incentives and how biotech companies can optimise them to gain a competitive edge.
Welcome to our comprehensive guide on leveraging R&D tax credits to unlock growth and innovation for Manufacturing and Engineering SMEs in Ireland.
Explore the potential of R&D Tax Credits in Ireland and learn how your software company can leverage this financial incentive to drive innovation and bolster your bottom line.
Unlock the power of innovation in your Irish business by effectively communicating and implementing incentive strategies within your Research and Development department
Discover the benefits Irish accountants receive when using online R&D tax portals supervised by expert consultants.
How R&D Tax Credits Can Benefit Innovative Enterprises in Ireland is a comprehensive guide that outlines the opportunities and challenges associated with R&D tax credits.
Discover the main types of R&D and how they can benefit your business. This guide covers basic research, applied research, and experimental development with key characteristics and examples.
The purpose of this blog post is to delve deeper into the intricacies of these two approaches, analysing their advantages and disadvantages, and offering expert insights to help businesses make informed decision
In this blog, we will explore the latest trends and innovations in supply chain management, and how they are shaping the future of the industry.
In the fast-paced world of agriculture, there is no shortage of innovative solutions being developed to help farmers maximise their yields while minimising the use of resources.
From pushing boundaries in artificial intelligence to pioneering therapies for diseases that have never been treated before, a wealth of initiatives are emerging globally - and here we bring you some exciting examples!
An R&D roadmap is a plan of action designed to help direct and guide a company's research and development efforts.
R&D Tax Credits can help businesses generate cash - even in a recession. Find out how.
Now more than ever, companies across Ireland need to boost their cashflow in these tough economic times. R&D Tax Credits is a great way to do this.
Technology is moving on fast, bringing with it an avalanche of outside-the-box thinking and creativity. Ireland is embracing its chance to innovate.
Accountants and R&D tax experts go together like fish and chips... or peaches and cream. It's not an either/or thing - and here's why.
Has your Ireland-based company undergone R&D work lately? Then time is of the essence!
Let’s face it, no-one wants to pay more Corporation Tax than they have to. The good news is that companies in Ireland are able to claim for certain expenditure against their profits to slash the amount of tax they need to pay. Here's how.
Farmers both in Ireland and across the world face huge challenges that only R&D can solve. And of course, this is an area where R&D Tax Credit claims can also be substantial.
Has your company recently engaged in research, development or innovation? Then this one’s for you.
When it comes to starting up a business, the Republic of Ireland is a tough one to beat. With its low tax regime, innovative business culture, fascinating history and excellent infrastructure, Ireland really does have it all.
Corporation Tax can be a major pain in the wallet for any business. But the good news is there’s a number of things that companies in Ireland can do to make things feel a little less painful.
Oh yes, the technical narrative; the centrepiece of your R&D Tax Credits claim. The chance to explain the complexities of your R&D project, ‘selling’ it to Revenue and justifying why it should attract this lucrative tax relief.
E-scooters are a quick, cheap and environmentally friendly way to get around. They also come with the chance to innovate, but still attract a certain level of controversy.
The Irish pharmaceutical industry is one of the biggest areas of research and development activity in the world. It's therefore a huge claimer of R&D Tax Credits.
As more and more UK companies cotton on to the generosity of R&D Tax Credits, claims are sky rocketing. If your Ireland-based company has recently been involved in technical or scientific research and development, then listen up! This one’s for you.
Since the portal was launched, the Tax Cloud team regularly receives questions from businesses in Ireland looking to maximise their R&D Tax Credit claims whilst avoiding the hefty fees paid to consultants.
Ireland has a long and incredibly rich cultural history with a unique sense of imagination and innovation. So it’s not exactly surprising that some of the coolest, weirdest and most wonderful inventions we take for granted today were courtesy of Irish pioneers.
Ah the technical narrative; the heart of any claim for R&D Tax Credits. It’s the chance to ‘sell’ your R&D project to Revenue, justifying why you believe the award should be given. And yet, for many companies it’s their downfall.
You’ve worked tirelessly on perfect pitches and plans - but for some reason, getting those all-important investors on board just isn’t happening. All is not lost! Let's get back to basics.
It's no secret that energy bills are soaring. But as our guest blog for partners International Releases shows, there's still plenty that businesses can do.
The world is on the cusp of a technological avalanche with software development in the driving seat. Packed with innovative possibilities, it’s a breeding ground for R&D Tax Credit claims.
Building a modern, well-designed R&D strategy isn’t as easy as it sounds. But there are some tried and tested things to include.
Businesses and start-ups across Ireland are missing out on a secret weapon that can potentially put thousands of euros back in their pockets.
Angel investors are just one way of securing the funding your business needs to grow. But what else does a business angel bring to the table, and what does it mean for an R&D Tax Credits claim?
There’s a global shortage of chips. No, not the crispy potato kind - the kind that cars, phones, tech devices and thousands of other products rely on to function. Find out more about the EU’s €43 billion funding pledge.
Ireland is leading the way in post-Covid travel and the future looks bright.
No company wants to pay more Corporation Tax than it has to. Take a look at our quick ways to cut yours down to size.
Vibrant, young and diverse, Dublin shines as a hub of business innovation.
From climate change mitigation to cancer treatments, the KTI Impact Awards celebrate projects in Ireland that truly push the boundaries of possibility.
Is your company overlooking thousands (or even tens of thousands) of pounds it’s rightfully entitled to?
Amazon is able to deliver a package to a customer within HOURS of them placing their order online. Ever wondered how that was possible?
Is using an online tax return portal to file your R&D tax claim better than hiring a traditional R&D tax advisor?
To secure the maximum amount of R&D tax credits possible, you need to submit an accurate, convincing and precise technical report...
R&D is crucial for encouraging creativity, boosting the economy and helping companies beat the competition. These are 5 areas that are investing heavily in R&D...
Healthcare innovation is risky: R&D costs and the potential to fail are both high. Before you start your next innovative healthcare project, try validating your assumptions from the get-go...
The only way to beat the competition is to give customers what they want: the newest products, services or processes. And, the only way to make sure you are continuously giving your customers the newest products, services or processes is to create an innovation strategy.
When it comes to R&D activities it pays to hire the best. The right R&D team structure can save you money and make R&D processes quicker, smoother and more successful.
Looking for ways to reduce the burden of Corporation Tax? Take a look at these ten top tips to minimise the impact that Corporation Tax has on your company’s profits.
The RD&I scheme offers companies of any size the opportunity to develop new or vastly improved products, services or processes by funding their research, development and innovation projects.
A successful R&D Tax Credits claim can be spent exactly as a company sees fit, including paying directors' dividends. Find out more.
The life sciences sector covers a huge and incredibly diverse landscape, much of which could secure R&D funding.
Whether it’s reinvestment in further R&D, settling debts or purchasing new machinery, how an R&D Tax Credit award is spent is entirely up to you.
The Tax Cloud portal has become hugely popular since its launch in Ireland in 2019. Find out more about the portal and how it makes R&D Tax Credit claims a breeze.
Getting specialist support in completing your R&D Tax Credit claim is essential. But what type should you choose?
Choosing the ideal online claims portal for making your R&D Tax Credits application is not always easy. Find out what to look for.
Knowing which projects and costs to include in an R&D Tax Credits claim is far harder than it sounds. Here we lend a hand.
Software projects are innovative by nature so frequently attract R&D Tax Credits. Here we look at the details.
We find similar questions around funding research and development come up often. Here we’ve put together the answers to some common ones.
In these incredibly tough economic times, companies across Ireland will be looking to reduce their Corporation Tax liability. Find out more.
Engineering in Ireland is a fast-paced, dynamic sector that fervently lends itself to intensive innovation. R&D Tax Credits help to make this possible.
Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar has officially announced €8.24m in grants available to Ireland’s Enterprise Centres.
Innovation and agriculture go hand in hand. But did you know R&D Tax Credits can go a long way towards the cost? Find out more.
Businesses in Ireland are facing unprecedented challenges, particularly against the backdrop of COVID-19. Here we take a look.
Sometimes introducing new innovative ideas and plans into your company isn’t easy. Here we’ve looked at some possible ways to do it successfully.
R&D Tax Credits can be worth thousands of euros, even to the smallest of companies and projects. Regardless of profitability, make sure you don’t miss out.
Even with the pandemic in full swing, there’s still plenty of funding options in Ireland for those looking to start a new business.
Start-ups and small businesses have been hit hard by the pandemic. But the Irish government is now offering an additional lifeline.
The €2 billion COVID-19 Credit Guarantee Scheme is now open to businesses in Ireland. Find out more and how to apply.
Being paid quickly, or at least on time, can mean the difference between a business staying afloat and going under. Try our tips.
Disruptive innovation can turn whole industries on their head. But is it just about upsetting major industry players or something more?
Remote working is becoming the norm - so how do you maintain an innovative culture in your team? Here we share some ideas.
Innovation pivots can be key to the success of your project. But what are they and why would you make one? Here we take a look.
Setting a realistic R&D budget can make all the difference to a project’s success. Here we look at how to do it.
By not maximising your R&D Tax Credits claim effectively, you could easily miss out on thousands of euros of extra cash. Find out more.
Here we look at ways to reduce your Corporation Tax bill, particularly in light of COVID-19. Find out more.
It’s no secret that starting your own business can be seriously hard on your pocket. Make sure you know about the different schemes that can help.
Calls have been made for the government to help individuals and small businesses by spreading their tax burden over four years. See the proposals.
The current pandemic wasn’t the first one and it certainly won’t be the last. But how can R&D prepare us?
There’s a broad range of innovative activities that provide farmers all over Ireland with additional income streams. Here we take a look.
COVID-19 is biting hard but luckily Ireland is in a strong position. So how does innovation fare in comparison to other EU states? We take a look.
R&D Tax Credits can be claimed for a huge variety of innovative software-related project but sadly many Irish software companies are still missing out.
There are many benefits to working with other organisations on R&D but important ones include
In recognition of the contribution social enterprises make to society and the wider economy, the Social Enterprise Development Fund was set up to encourage social entrepreneurship in Ireland.
Ireland’s unique geography and demographics present their own challenges and opportunities for online retailers, making it quite distinct.
Cyber attacks can decimate a business, not just financially but reputationally too. Reputations take years to build but poor cyber security can destroy it in minutes
The Tax Cloud portal was launched in Ireland in June last year to make it easier and quicker for Irish businesses to claim their R&D tax credit entitlement. In this blog, we discuss the differences between Tax Cloud and full service R&D tax credit consultancy
We all know that technology moves fast. Invention and innovation are certainly intertwined but there are some key differences between the two. Here we look at this a little more closely.
At the beginning of April, the State’s tax collector announced that they are expediting payment of R&D Tax Credit claims to free up thousands of euros in cash for Irish businesses during the COVID-19 crisis.
Here we've put together some quick and interesting facts about research and development and the R&D Tax Credits scheme in the Irish Republic.
Here we look at what business owners and managers can do to encourage innovative thinking within in their own organisations.
Having an angel investor is just one of a large number of ways to secure funding for your new business or project But what exactly is an angel investor and how can they help?
In times of adversity we see the steepest rise in innovation, and undoubtedly this period of COVID-19 uncertainty will be no different. Here we look at the most recent supply chain innovations across Ireland and beyond.
At this time of worry and concern about COVID-19, the team at Myriad & Tax Cloud fully appreciates the disruption to all our usual lives, both at work and at home.
Simply put, without entrepreneurs we wouldn’t have businesses. Their creativity and forward thinking are essential to our everyday lives, and contribute far more than just money. So why else are entrepreneurs so important?
Diversity in the workplace brings fresh perspectives, a broader range of skills and gives the company a more outward-looking appeal. But how can having a diverse mix of people in a team drive company innovation? Here we take a look:
Putting together a claim for R&D Tax Credits is not particularly easy and there are many opportunities to make mistakes. This is why we highly recommend using the services of R&D experts such as ourselves at Tax Cloud. It’s simple to use and can give you a clearer idea of your eligible costs
Although growth is a fantastic (and necessary) goal to have, there are many barriers that could well be standing in the way. Here we look at some common barriers to growth and how to tackle them.
It’s all about defining your social media presence, actively maintaining and updating postings for your customers. Those business who opt out now face a real struggle to compete.
Ever since the Tax Cloud portal for Ireland was launched, its sole purpose has been to deliver a high quality, fully supported R&D tax credits claims service at a fantastic price. We’ve now taken steps to update our pricing structure
Launched in 2015 and set to run until the end of this year, Innovation 2020 has for five years represented the Irish government’s drive for innovation.
With a new year in full swing, it’s a good time to look back at the one just gone and review the country’s economic successes. Here we look at the top growth industries across Ireland from 2019.
Over the years, research and development (R&D) Tax Credits have been of huge benefit to companies large and small across Ireland. Many companies reinvest the money into the business and continue on with their strategies for growth.
Businesses will often spend a large amount of time and money on developing new products, services or processes, or enhancing existing ones. This work is generally considered to be Research and Development (R&D) the process flows something like this
Here we take a look at the innovative steps in sustainability that have taken place in Ireland, and what R&D opportunities may be yet to come.
Last month (October 2019), Bibby Financial Services, published its latest Global Business Monitor report. Worryingly, the survey revealed that Irish SMEs are more likely to have difficulties with cashflow, more so than their international competitors
In this article we take a look at how Irish manufacturing companies can improve and adapt through innovation and lay the foundation for successful growth going forward.
As part of the Budget 2020 offerings, micro and small companies employing a maximum of 250 workers will soon be able to write off up to 30% of their R&D costs, whilst receiving their money far quicker.
Hiring for top research and development positions is an important step in a company’s process for embarking on R&D work
We specially developed the Tax Cloud portal to save you time, money and hassle. It’s constantly refreshed and evolving - just like your business.
One of the key ambitions for the Government’s Innovation 2020 strategy is to boost the amount spent on R&D in Ireland to reach 2.5% of GNP.
How will certain sectors overcome their individual challenges as a result of Brexit? We anticipate Research & development will play a massive role.
Here we take a look at why exactly Ireland is such a great place to start a business, whatever industry it’s in.
- Submitting R&D tax claims since 2017
- Strong track record delivering R&D tax credit claims
- Over €10m claimed and counting
- Industry leading specialists
- We employ technical, costing and tax experts
- Confident of delivering value to our clients, we offer our R&D tax services on a success fee-only basis.
Meet some of the team behind Tax Cloud