Research and development (R&D) tax credits are a crucial incentive designed to encourage businesses to innovate and invest in new technologies, processes and products. Yet, despite their significance, many businesses either aren’t aware of their potential benefits or aren’t fully utilising them.
In this guide, we explore what R&D tax credits are, who can claim them, and how businesses can maximise their potential.
R&D tax credits are an invaluable resource for UK businesses, providing financial support that can be reinvested into further innovation. Whether your company is a small startup or a large enterprise, engaging in activities that advance science or technology could make you eligible for significant tax relief.
To ensure you’re making the most of this opportunity, keep detailed records of your R&D activities, identify all eligible costs and consider seeking advice from a specialist.
With the right approach, R&D tax credits can provide the boost your business needs to stay ahead in a competitive market.
Get in touch with us today to learn more about how we can help your business innovate and grow.
GUIDE: R&D Tax Credits