Thousands of businesses are missing out on Research & Development (R&D) tax credits largely due to the simple fact they do not know they are eligible. In addition many businesses are not even aware R&D tax credits are available! The below article highlights just how many businesses are spending large amounts of money on research & development, unaware that they could qualify for R&D credits.
R & D Tax Credits - are you eligible?
Added 3 years ago.
Millions in R&D tax relief overlooked by SMEs
Thousands of businesses are missing out on valuable tax breaks for research and development that can help to fund IT development and technological improvements, a study finds.
Could your business be eligible? As the article explains, an analysis of figures has shown that the number of claims by small businesses in the finance and insurance, construction, real estate, arts and health sectors are particularly low. However, where successful claims have been made by firms in these sectors, the average sums received have been among the highest.
Has this got you thinking? If you believe your business could qualify, please do not hesitate to contact us. We can give you further advice on this topic and introduce you to one of the expert R&D specialists that we work with. We have several clients who have made and continue to make R&D tax credit claims successfully. A lot more companies than you might think are eligible for the Government’s R&D tax credit scheme. Could you be one of them?
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