R&D – You may be entitled to government money to help. Are you interested?
Are you carrying working to come up with new products, improved existing products or developing your business processes and computer systems? You may not think of this work in terms of research and development but it is very much R&D
If you are coming up with new products and processes, the government will give you money to help in the form of a lower tax bill OR cash if you are not yet making profits?
For example if you spend £100k on R&D the government will allow you to deduct the £100k from your taxable profits plus an extra “cost” of £125k, making a total tax allowable cost of £225k.
Please get in touch if you would like to know more.
Robert Harris
T: 01438 811771, E: roberth@robertaharris.co.uk