Areande - R&D Tax Relief

1. Areande Areande is a modern, dynamic, innovation tax relief company, and we have demonstrated this by our ability to invent the word ‘Areande’ and make it desirable.

2. Claim Tax Relief Back On Your Business Strategy! Got you hooked already? After all, we are a society of savvy savers. From coupons to rewards cards, there is nothing quite as satisfying as getting back a fraction of what you put in.

3. What is R&D tax relief? More and more companies and SME’s are applying for R&D tax relief. It certainly sounds appealing if it’s what it says on the tin. After all, who wouldn’t want to be relieved of tax? Especially during such unprecedented times. Officially, R&D tax relief is a way for the government to offer aid to a business that has or is in the innovative process of developing or improving how they run said business.

4. The innovation in question is expected to perform the application of a better solution which meets new or improves existing requirements or marketing needs. This can be recognised in several ways, including… • The introduction of new products. • Improved services or processes. • Enhanced technology. • Alterations to working environments to meet government safety guidelines (COVID) • Automation

5. It is important to clarify that extensive research prior to innovation must be in evidence if a business is to be awarded R&D tax relief. In a nutshell, be slightly restrained from throwing money toward a new venture which may or may not be a success in the long run. Especially when taking into consideration the certain restrictions on the type of expenditure you can claim R&D tax relief on. To break it down, to qualify for R&D tax relief, you must have the ability to back up exactly how your chosen project. But hey, why sweat the small stuff when someone else can do that for you?

6. Meet Areande The heads that form Arenade, are amongst the leading experts specialising in innovation tax relief or what is more commonly known as R&D. This dynamic bunch of individuals are dedicated to getting your business the R&D claim it deserves, leaving you to devote your time and effort to the more desirable task ofinnovating. After all, isn’t that the priority?

7. But can Areadne help you? Areandeis on a constant mission to eliminate the various myths and misinterpretations surrounding the process of innovation, perhaps starting with the often-misjudged interpretation of the word itself. Innovation sounds rather technological, doesn’t it? And when you try making a tongue twister of it alongside the word invention, you would be forgiven for assuming that the process is largely science-based and unnecessarily complicated.

8. Wrong. Any business has the capability for innovation. All you initially need is that desire for change and the willingness to further develop and apply that idea. Sounds pretty straightforward when put like that, doesn’t it? But perhaps you are still on the fence. After all, investing in a new idea is very much an experiment, which understandably carries a healthy amount of caution, particularly for smaller businesses. That is where Arenade can help. Do not be fooled into thinking that your company isn’t big enough to qualify for R&D tax relief.

9. Common myths and conceptions explained We don’t have the funds for innovation! Now, this is perhaps the main culprit for hesitation. But do not count yourselves out just yet! To successfully apply innovation to your business, you are not always expected to develop or introduce a brand-new product or concept. Quite the opposite. It can often be a simple case of taking a look at the resources already around you and developing or improving them. Very much a case of making the most of what you have. Sounding cheaper already, isn’t it?

10. Now you might be thinking… I’ve spent too little to make a claim. Not according to Areande! They consider any amount which is spent on innovating your business, legitimate cause for a claim. There isn’t such a thing as too big or too small. So, what’s to lose in finding out? Every little helps!

11. What if we are too small or too old? Either your concern, it isn’t worth the headspace because it just isn’t true. For example, did you know that the majority of R&D tax relief claims have been made by smaller businesses? Although innovation might scream NEW and perhapsyou’re currently looking around at your team of 10+ years and dully accepting that you can’t teach an old dog new tricks. Well, there maybe life in the old dog yet! A new conception would be nothing without old knowledge and combined years of expertise.

12. Starting your Arenade Journey So surely by now, the well of excuses has run dry and you are starting to consider whether Areandemight be of assistance to you and your business. There’s no need to begin by scaling mountains of paperwork. You can simply start by checking your eligibility for R&D with the user-friendly Areande Calculator with estimates your potential claim value. So, what are you waiting for? Make your vision a reality.