Here at RIFT, we like to talk. You can get the latest on what’s happening at RIFT and the Research & Development news that matters to you, from our blog.
As the latest statistics from HMRC show, research and development is surging as uncertain times call for innovation and ingenuity as the keys to survival. Here's our round up of the figures released today.
When Boris Johnson gave his inaugural speech as Prime Minister, he made a commitment to pushing even harder to place innovation at the heart of UK business. In his own words, “We will begin right away on working to change the tax rules to provide extra incentives to invest in capital and research.” Has he delivered on that promise?
“Green R&D” is a big deal these days. There’s a huge amount of work going into developing products and processes that are cleaner, safer for the environment and more sustainable. What was once, even relatively recently, seen as a possibly cool idea for the future is becoming a whole culture in itself, and not before time.
HMRC is currently working on SME claims that were submitted up to the 1st of May 2019. RDEC claims being worked on go back to the 21st of December 2018. For businesses whose claims fall outside of those timeframes, RIFT is chasing HMRC hard to get them sorted out as quickly as possible.
RIFT Research & Development are delighted to be working with Constructing Excellence. Together, we’ll be working to ensure that the British construction industry always gets the credit it deserves.
Innovation is so much a part of “business as usual” in the construction sector that we often lose sight of it, preventing so many businesses from realising its full benefits.
The Kent Excellence in Business award show is always a fantastic event for us at RIFT. Kent’s business community is a dynamic and thriving environment, and the KEiBAs are a fitting way to pay tribute to that enthusiasm and innovative spirit. Read more about the winners...
RIFT Research & Development is delighted to be working with the Chartered Institute of Building. Together, we’ll be working to ensure that the British construction industry always gets the credit it deserves.
At 71 years old, the NHS is already 5 years older than the average man expected to live when it was formed in 1948, so we at RIFT thought it was well past time we paid tribute to the greatest of British institutions by talking about the impact of innovation in Medical Technologies.
The Office for National Statistics has just released its report on the UK’s research and development expenditure for 2017, and it’s pretty encouraging overall.
The foundations of UK construction are rooted deeply in innovation. The same tools and attitudes that push challenging projects to completion up and down the country each year are currently being relied on to weather a storm of uncertainty in the industry.
If you know RIFT, then you know we love the Kent Excellence in Business Awards. As the event rolls into its 11th year in 2019, the celebrations kicked off in grand style...
We’ve had a terrific year here at RIFT R&D, which basically means that you have too! Across the UK, more and more innovative businesses are waking up to the benefits of the R&D Tax Credits scheme.
We're at the point where calling a Budget ''a bit of a mixed bag'' isn't really saying anything anymore. What the taxman gives with one hand, he generally finds a way to take with the other.
The latest stats coming in from HMRC are short on big surprises, but what's there makes for encouraging reading overall.
It’s no secret that we’re heading into a critical time for the whole UK construction industry. It’s going to take an estimated 158,000 new jobs to hit the targets for infrastructure and housing needs alone. With productivity lagging and razor-thin profit margins all through the sector, meeting those demands could be a tall order.
As always, we had an amazing time at the KEiBA award show this year. Kent is a terrific place to build a business, and it's always inspiring to see so many innovative firms making their marks. There's no way of predicting what we'll see in the entries, which is why judging the categories is so challenging and exciting.
With a grand total of 329 entrants across 16 categories, the 10th annual Kent Excellence in Business awards event has been its most successful ever.
If you've followed any of our KEiBA coverage in recent years, then you know how we feel about award schemes in general.
Open Bionics merge art and cutting edge science to produce $3,000 beautiful prosthetic limbs in a fraction of the time using 3D printing.
When we talk about innovation, must of the time we mean making things faster, more effective or more efficient.
Getting the most out of your innovations has always been the key focus of RIFT R&D. It can be a rough road bringing your best ideas to life, and a lot hangs on getting the right financing at the right moment.
2018 is a big year for the prestigious KEiBA scheme, celebrating the 10th anniversary of the awards event. We're big fans of the KEiBAs at RIFT, as both award winners and category judges in previous years.
With 2017 coming to a close it's time to step back and check exactly where we are.
HMRC's latest statistics around Research and Development Tax Credits have been published, and they make for eye-opening reading. The average value of an SME claim is on the rise, and more SMEs than ever are making successful claims.
R&D in Armed Forces has always been a major source of everyday innovations, from road systems to the internet. The challenges of organising, operating and maintaining an army have had an impact right down to the food on our tables.
From robot bricklayers boosting worksite efficiency to entirely 3D-printed buildings sprouting around the world, innovation is huge driving force in the industry.
Evolution is a slow process, and once in a while it takes a swift kick to hurry it along. That's exactly what's happening in the petrol and diesel-only road vehicles world right now. A UK government ban coming into full force in 2040 means that fossil fuels are going the way of the dinosaur.
The launch last year of a range of virtual reality hardware options for home users did a pretty good job of opening the general public's eyes to the entertainment possibilities of the technology. The gaming world's been pushing for workable VR for a while, on and and off, but it's never really managed to get a serious foothold before now. However, even without a high-end headset, most people probably carry enough processing power in their pockets to support a basic VR experience, which is bringing the buy-in bar down for everyone.
Congratulations to all winners and finalists in the KEIBA 2017.
Join RIFT Research and Development at London Tech Week from 12th-16th June
According to the government's own statistics, R&D Tax Credits claims for small and medium-sized businesses rose 16% in 2014-15. That's a pretty good figure if you look at it in isolation, bringing the total number of different SMEs making claims to 39,360 since the scheme began. In fact, it's primarily SME claims that have been driving the uptake figures in the right direction for years now.
RIFT's dedicated Research and Development Tax Credits division gives us the opportunity to work with some of the most innovative businesses in the UK and we're delighted to be turning the spotlight on the brightest ideas from Kent businessess as we judge the KEIBA awards.
RIFT won the Invicta Chamber Excellence in Customer Service Award 2017 and retains ServiceMark with a UK leading score on the same day.
Building on the UK’s unique expertise in the offshore wind industry, the government is investing up to £1.3 million in a new offshore wind innovation hub run through the Offshore Renewable Energy Catapult and the Knowledge Transfer Network. As the UK's flagship research centre for renewable energies, ORE Catapult is a strong supporter of SMEs. They understand that smaller businesses are faster to react to opportunities and more creative in their problem solving, but too many are not claiming the R&D tax credits for their innovative work in this field.
This year, KEiBA is launching a new category in the awards, celebrating the Medium Business of the Year. The award is open to businesses in any sector, and recognises a lot more than just commercial success.
It's time to reflect on how 2017's shaping up so far. Big things are happening in video games this year. Here's what you need to know to hunt down the industry's most valuable Easter eggs and make the most of your VGTR Claim.
RIFT is delighted to announce a partnership with Build UK to support innovation in the the UK construction industry.
A lot of people don't realise this but grant funding and R&D Tax Credits aren't mutually exclusive. In fact, the idea of both cropping up in your books in the same tax year send accountants scurrying.
We begin a new chapter in the RIFT Group's history in 2017 with Jan Post appointed as Chairman and Bradley Post taking on the role of Managing Director.
Last year was the first time that RIFT had been selected for the MegaGrowth list and this year we are in 9th place with 127% growth on 2015. The list of MegaGrowth companies is very inspiring and there’s a fantastic range of talent, technology and business transformation on show.
The Construction Expo 2016 showcases a UK construction industry in good health, but to hit the targets set out in the 2025 strategy the industry is going to have to adapt and innovate. Luckily financial support is available to companies who know where to look.
With the current push towards Cloud based services, the Internet of Things and Big Data, individuals and businesses are increasingly vulnerable. As a result, cybersecurity is a rapidly growing global industry and necessarily an area of continual innovation.
Good news in these gloom and doom times: RIFT R&D Tax Credits are delighted to announce that they have joined forces with the financial planning wizards, Aegis.
We had a fantastic time at the KEIBA awards last night. Here at RIFT we’ve been involved with KEIBA for many years, as entrants, sponsors and as judges. Congratulations to all winners and finalists.
In the fifth of the series celebrating RIFT's sponsorship of the SME Business of the Year 2016 category in the KEiBAs, Jan Post talks about how proud we are of our Kentish roots.
In the fourth of the series celebrating RIFT's sponsorship of the SME Business of the Year KEiBA, Jan Post talks about supporting a sector continuing to grow.
RIFT group, known for its friendly, helpful and jargon free approach to tax matters is the first company is the first company in our sector, to be awarded Service Mark by the Institute of Customer Services. The ServiceMark is a national, independently assessed standard recognising an organisation's achievement in customer service, and its commitment to upholding those standards.
In the third of the series to celebrate RIFT's sponsorship of the Kent Excellence in Business Awards (KEiBA), Jan Post discusses the value of good customer service and how winning awards is the icing on the cake.
In the second of a series, Jan Post, RIFT Group MD, talks about KEiBA and how seeing the real benefits go way beyond the glittering prize.
In the first of a series, Jan Post, RIFT Group MD, talks about KEiBA and what it means to Kent, The RIFT Group and the wider business community…
Follow the amazing adventures of Dan Parsons and Olly Clark – the incredible duo rowing the Atlantic in aid of two charities and co-sponsored by the RIFT Group.
R&D Advance Assurance: One Less Thing to Worry About Faster validation for SMEs? You might've heard rumblings across the Research and Development landscape about the UK government's new Advance Assurance scheme for R&D claims. So, what's all the fuss about? Is the system going to have a real impact, or is it just another hoop to jump through? Let's take a look and see what it's all about.
ICS Customer Service Awards 2016 The RIFT Group is built on the idea that great customer service is great business. That's why we're delighted to be in the finals of the Institute of Customer Service's awards for 2016!
Jan Post, RIFT Founder and MD, talks about how she came to set up RIFT and gives a little insight into her day-to-day life.
If you already have patents, we can show you how use the Patent Box programme for even more ways to benefit. We have a 100% success rate on our clients' claims, so get in touch with RIFT R&D to make the most of your biggest ideas.
RIFT Group has won the bronze medal in the Megagrowth 50, a prestigious business league table which recognises the 50 fastest growing businesses in Kent.
The construction industry was built on innovation, and its contributions are growing each year. Every project throws out its own unique challenges and obstacles, and the industry tackles them head-on with new materials, technologies and processes. It's a fast-moving, dynamic field to work in, so let's look at just a few of the biggest ideas coming out of it right now.
IP is an often misunderstood part of the law, and a lot of businesses aren't getting the best out of their innovations, so it's worth taking a closer look at how to protect your work and boost the benefits it brings you.
The measurements have been taken, the results have been tallied and the verdict is in. The recently released Global Innovation Index 2015 shows that, after an enormous leap up from our 10th-place ranking back in 2010, Great Britain has held onto its number 2 slot in the league tables of the world's most innovative nations.
The UK government's Research and Development tax relief scheme is one of its most powerful tools for helping businesses to solve problems and push forward. It's already rewarding breakthroughs and ingenuity in every part of the economy, but word about it still isn't getting out far or widely enough. Financial services are right at the heart of the UK's economic hopes in the wake of the banking crash, but too many people still don't realise that they have a claim.
Literally hundreds of thousands of pounds in relief are being left on the table each year by software developers alone, simply because the message hasn't reached them yet. RIFT R&D is here to change that, and to get the scheme's rewards into the hands of one of today's most furiously inventive industries.
Of all the fields covered by the UK government's Research and Development tax relief scheme, the construction industry should be among those getting the most out of it. That it isn't yet is a great shame because construction firms, by definition, live right on the cutting edge of innovation.
The Research and Development tax credits scheme is the strongest sign of the UK government's determination to help businesses with big ideas to solve problems, answer important questions and make a real difference. It's a great system, with an average SME claim worth £46,000, but it's just not visible enough.
At RIFT R&D Tax Credits we take pride in championing the small businesses that drive the UK forward. Tax relief and tax credits may not be glamorous - indeed for many it’s the stuff of nightmares - but it can be the difference between getting an idea up and running or staying stuck firmly on the start line.
We were delighted to win the KEIBA award for Customer Service and Committment in 2015. RIFT was founded on the principles of helping others and it's wonderful to see that recognised at this level.
Let’s face it; nobody enjoys paying tax, especially corporation tax that feels like it’s penalising success.
....take a look at 3 of our lovely customers video testimonials
Our radio campaign is now live on LBC!! Have a listen and let us know what you think?
Setting up and running a small business is an exhilarating ascent into the unknown...
Chris Heaton-Harris, MP for Daventry mentions RIFT Research and MD Jane Ollis in the House Of Commons.
This year we will be exhibiting on stand 120 at the Elite Business Event National Conference & Exhibition.
There are very generous tax breaks for companies that conduct research and development, and HMRC are even actively encouraging companies to claim. Yet, so many are not claiming and missing up out the chance of reducing their tax bill or getting a cheque back for their efforts.
October saw growth in UK manufacturing at a three month high in what is being called a ‘mini-recovery’ by economists.
The Government has released more detail on the changes to the Research & Development Tax Credits scheme.
RIFT Research & Development are delighted that the Chancellor has recognised
A third of all UK jobs could become obsolete due to advances in robotics in the next 20 years.
According to the government’s website the conference was the top trending hashtag on Twitter.
New mobile app that solves maths equations just by looking at them.
HMRC released its latest figures for R&D tax relief claims this month. RIFT Research and Development believe the government is just not doing enough to promote the availability of this valuable cash payment to small businesses.
Rift Research and Development urges construction companies to take advantage of R&D tax credits following release of new government growth figures of 0.9%.
R&D tax credits are to play a central role in The Confederation of British Industry’s long-term initiative to reinvigorate UK economic growth.
Is the UK construction industry missing out on £millions?
With flood warnings and transport disruptions still affecting much of Britain, reliable and innovative flood defence systems are growing in demand. RIFT R&D calls for any companies involved in projects combating this issue to contact them today, as they could be entitled to claim up to 25% of the relevant costs.
As a blueprint for a universal flu vaccine is announced, RIFT Research and Development urges businesses carrying out vital healthcare research to take advantage of the current tax regime.
David Beckham and Gordon Ramsay have allegedly fallen out over their joint plans to open a chain of restaurants. RIFT calls on Beckham to go it alone and follow his dream of being a pie and mash mogul.
Innovative companies working to prevent deadly cycle accidents should be filing for R&D tax credit.
RIFT Research and Development, want the government to seriously consider giving a new name to the ‘R&D tax credit’ scheme for small companies.
A student has invented a simple and yet genius way of reducing both food waste and the risk of food poisoning with a unique bio-reactive food label.
The next official Time Lord will be announced this Sunday. To stay ahead of the new generation of extra-terrestrial enemies, RIFT urges the new Doctor Who to apply for R&D tax relief.
Last week influential technologists, entrepreneurs, academics, innovators and business strategists in the world gathered in London for the RE.WORK technology summit.
It seems there is a conflict between convenience and confidence in the UK when it comes to contactless payment.
Graphene is an engineered nanomaterial with an extraordinarily vast range of useful properties. Its discovery is as important as ubiquitous silicon, and its discoverers, two Russian siblings studying at Manchester University, won the Nobel Prize in 2010. Since then the EU has ploughed a billion euros into encouraging multi-disciplinary R&D to further explore the practical properties of this super-material.
Widely touted as the greatest technological advance of our age, and quite possibly the instigator of the second industrial revolution, 3D printing is here. Does it deserve the hype?
New patent laws will save UK inventors and entrepreneurs thousands in patenting costs and establish a better working relationship across 25 EU countries, ensuring that patent disputes are more effectively managed.
Coinciding with Britain’s expected upturn in GPD this year, production is finding its way back to the UK, with many businesses inshoring production over manufacturing abroad. We believe generous research and development tax refunds for SMEs could help support this trend even further.
Exciting new technology that will revolutionise drug testing has now secured the financial backing it needs. Emulate, the company commercialising the ‘Organs-on-Chips’ biotechnology, has been launched, after receiving $12 million in financing. Its answer to the pitfalls of drugs testing is an industry first: replica organs, the size of memory sticks, that mimic the functionality of human organs in the body so precisely as to make all other methods of testing obsolete.
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As the latest statistics from HMRC show, research and development is surging as uncertain times call for innovation and ingenuity as the keys to survival. Here's our round up of the figures released t...
When Boris Johnson gave his inaugural speech as Prime Minister, he made a commitment to pushing even harder to place innovation at the heart of UK business. In his own words, “We will begin right away...
“Green R&D” is a big deal these days. There’s a huge amount of work going into developing products and processes that are cleaner, safer for the environment and more sustainable. What was once, even r...
HMRC is currently working on SME claims that were submitted up to the 1st of May 2019. RDEC claims being worked on go back to the 21st of December 2018. For businesses whose claims fall outside of tho...