Stevens & Bolton

A deeper dive into stevens-bolton.com

Common questions asked about www.stevens-bolton.com

1. What services does Stevens & Bolton LLP provide?

Stevens & Bolton LLP is an independent law firm that offers a wide range of legal services. Their expertise includes corporate law, commercial litigation, employment law, real estate, intellectual property, and more. They provide comprehensive legal advice and support to businesses and individuals, helping them navigate complex legal issues and achieve their goals.

2. How does Stevens & Bolton LLP ensure client satisfaction?

At Stevens & Bolton LLP, client satisfaction is the ultimate measure of success. They prioritize building deep relationships with their clients and understanding their unique needs and objectives. By providing tailored and practical legal solutions, they strive to exceed client expectations. Their commitment to quality and continuous improvement ensures that clients receive exceptional service and achieve the best possible outcomes.

3. How does Stevens & Bolton LLP approach client relationships?

Stevens & Bolton LLP values each client as an individual and takes the time to get to know them well. They believe in standing alongside their clients as committed and trusted advisers. By fostering open communication, collaboration, and understanding, they are able to provide personalized legal advice and support that meets the specific needs of each client.

4. How can Stevens & Bolton LLP help my business thrive?

The talented and collaborative team at Stevens & Bolton LLP is dedicated to helping businesses thrive. They offer strategic legal advice and support that is tailored to the unique challenges and opportunities faced by businesses. Whether it's assisting with commercial contracts, mergers and acquisitions, employment matters, or intellectual property protection, they have the expertise to help businesses navigate the legal landscape and achieve their goals.

5. How can I contact Stevens & Bolton LLP?

To get in touch with Stevens & Bolton LLP, you can visit their website at www.stevens-bolton.com. They provide contact information, including phone numbers and email addresses, for their offices in Wey House, Farnham, and Guildford. You can reach out to them to discuss your legal needs and schedule a consultation with one of their experienced lawyers.

Some reasons to choose stevens-bolton.com

Increased investment in research and development

The government's review of research and development (R&D) tax reliefs aims to reduce the costs of innovation, making it more attractive for companies to invest in R&D. This will ultimately lead to increased investment in research and development, helping the UK achieve its target of raising total investment in R&D to 2.4% of GDP by 2027.

Two principal tax reliefs available

Currently, companies undertaking R&D in the UK can benefit from two principal tax reliefs. The R&D Expenditure Credit (RDEC) allows companies to claim a credit equal to 13% of qualifying R&D costs. The SME scheme, on the other hand, provides an additional deduction of 130% of qualifying costs from an SME's profits, along with a tax credit worth 14.5% of any loss incurred. These tax reliefs provide financial incentives for companies to engage in R&D activities.

Wide range of qualifying R&D activities

To qualify for R&D tax relief, companies must incur expenditure on specific types of activities. These activities include staffing costs, consumable or transformable materials, certain types of software, payments to clinical trials volunteers, and subcontracting costs. The wide range of qualifying activities ensures that companies from various industries can benefit from the tax reliefs.

Maximizing additional R&D expenditure

The government aims to maximize the additional R&D expenditure generated for each pound of tax foregone under the R&D schemes. This means that the tax reliefs should effectively incentivize companies to invest more in R&D, resulting in a greater impact on innovation and economic growth. The review and consultation process will help ensure that the schemes achieve this goal.

Streamlined administration process

The government also aims to minimize administrative complexity associated with the R&D tax reliefs. By simplifying the structure and administration of the schemes, companies can more easily navigate the process of claiming the tax reliefs. This streamlined administration process reduces the burden on businesses and encourages more companies to take advantage of the available tax incentives.