There are thousands of pounds being lost in tax relief by eligible companies every year. This reflects the common misconception that Research and Development (R&D) is confined to manufacturing plants, tech giants or research laboratories, when in reality, the ideas and inspirations that move industries forward have their roots in everyday innovation by the professionals on the ground.
R&D tax relief is the government’s way of rewarding businesses that invest in innovation.
This innovation can be in the form of developing new, or improving existing products, processes, services, devices and materials or advancing the state of knowledge in their sector.
You can get a deduction from your corporation tax bill or even receive a cash payment from HMRC for your R&D tax credit claim.
Griffin Chartered Accountants can help you determine if your client’s business activities are eligible for tax relief and will maximise the claim you make by identifying the biggest relief possible.
If you would like to find out more, call Misty Nickells on 01404 41977 or email firstname.lastname@example.org