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Be rewarded for investing in innovation. See how Research & Development Tax Credits could help transform your business.
Research and development (R&D) tax credits are a government incentive designed to reward UK companies for investing in innovation. They are a valuable source of relief or cash for businesses to ultimately invest in growth – for example hiring new staff - and accelerating their existing R&D.
Whatever sector you are in, if you’re a UK business and are spending money on developing new products, processes or services, or even enhancing existing ones, you most likely are eligible to make a R&D Tax Credit Claim. This can be in the form of money off your existing corporation tax bill, or a cash lump sum payment.
As a chartered accountancy firm with sector specific experience, we can advise, draft and submit a robust R&D claim that meets HMRC’s standards and expectations, as well as deal with any potential enquiry into your claim should the need arise.
To find out how your business can benefit from R&D Tax Credits, please contact Connected Accounting today
21 Mar 2025
The Bank of England is walking a 'tightrope' on interest rates in the face of global uncertainty and cost pressures, says the British Chambers of Commerce (BCC).
20 Mar 2025
Chancellor Rachel Reeves should consider increasing taxes at this month's Spring Statement, according to the Resolution Foundation.
19 Mar 2025
UK growth will be weaker than previously expected this year and next, according to the Organisation for Economic Co-operation and Development (OECD).
18 Mar 2025
Chancellor unveils plan to cut red tape
17 Mar 2025
The Payment Systems Regulator (PSR) is set to act to reduce card payment fees for businesses and consumers in the UK.
14 Mar 2025
Data published by the Office for National Statistics (ONS) has revealed that the UK economy unexpectedly shrank in January 2025.
13 Mar 2025
The British Chambers of Commerce (BCC) has called for the government to 'tackle the problems of the UK's worn out infrastructure' in order to boost economic growth.
12 Mar 2025
The reporting threshold for trading income for self assessment is being lifted from £1,000 to £3,000 gross within this parliament, according to the Treasury.
Get in touch with us today for a fresh perspective and a free consultation.