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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
14 Jun 2021
HMRC has announced that it will recover over £1 billion in fraudulently claimed furlough cash over the next two years.
11 Jun 2021
The UK's current research and development (R&D) tax relief regime offers valuable support to companies but could be improved, according to a survey carried out by the Institute of Chartered Accountants in England and Wales (ICAEW).
10 Jun 2021
Employers of all sizes in England can now apply for £3,000 in extra funding to help them take on new apprentices, the government has confirmed.
09 Jun 2021
The Office of Tax Simplification (OTS) is set to explore the benefits, costs and wider implications of changing the date of the end of the tax year for individuals.
08 Jun 2021
The G7's finance ministers have announced a historic international agreement on global tax reform.
07 Jun 2021
Many small businesses will soon be required to begin repaying loans taken out under the government's Bounce Back Loan Scheme (BBLS).
04 Jun 2021
An analysis carried out by the Trades Union Congress (TUC) has suggested that the UK's green jobs and economic recovery plans lag behind the plans of most G7 countries.
03 Jun 2021
The fifth Self-employment Income Support Scheme (SEISS) grant covering May 2021 to September 2021 will open to claims from late July, HMRC has confirmed.
Get in touch with us today for a fresh perspective and a free consultation.