Research and Development

 

Many businesses feel that their expenses to improve their systems or to enhance into functionality are just general day to day business costs. However, how would you feel if we told you that you could potentially claim tax relief for 230% of that cost?

 

This would mean that for every £1,000 you spend on enhancing your systems, creating a new product and many more, could actually generate a tax saving of £460, resulting in the actual costs being only £540!

 

If you are a business that operates in a technologically advanced industry, you are improving your systems that no other business/person has knowledge of, or if you are simply developing the next big thing, you may be entitled to claim R&D relief or even a tax credit.

 

Please feel free to contact us for an initial consultation if you feel you are one of the above businesses and would like to pay less tax and we can work together to maximise your savings today!

 

 

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