As a new decade dawns there’s no better time to review what your business is aiming to achieve in the future and how it is going to maintain (or obtain) a competitive advantage in your chosen market place.
Innovation will be at the heart of many of the strategies companies look to implement to achieve a competitive advantage. Therefore why not make R&D tax relief part of your New Year’s resolutions by committing time to think about whether your business could benefit financially from this Government backed relief.
To assist with your thought process, noted below are some triggers that may indicate your company is carrying out (or will start to carry out) activities that enable it to claim R&D tax relief.
The above is not an exhaustive list but should help you to start thinking about whether your business has the potential to claim R&D tax relief. Therefore please do make R&D tax relief one of your New Year’s resolutions.
If the above has piqued your curiosity and you’d like to find out more or chat this through with a specialist, please contact Andrew Hawley or Stuart Weekes.