It is often a surprise for our clients, in all industries, that much of the work they undertake to meet customer demand, and grow their businesses can qualify for significant tax credits. Tax credits can take the form of either significant cash back or a reduction in a company’s tax liability.
These opportunities are available to companies that are creating new, improved or bespoke products, developing new processes or duplicating existing products and processes in an appreciably improved way. This could include writing software for either internal or commercial use.
Many claims are still being missed because companies do not appreciate the breadth of the definition of R&D for these purposes.
If you feel like you could be eligible for this relief and you would like to talk to one of our experts, please let us know. The conversation will take 10 minutes and it is really worth exploring to ensure you are not missing out on valuable tax saving benefits.
If you would like to speak to us about a potential R&D claim, contact your local office or email us on info@smhca.co.uk and we will direct you to the best person to speak to.
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