If your business does any kind of research and innovation, you could be sitting on a goldmine. Problem-solving could earn you tax relief of around £60,000, as expert Sandy Findlay explains:
Hi Sandy. So how does this tax credit system work?
Basically, it’s a tax benefit for companies spending money on innovation and expanding their field of science and technology. But it’s not about research and development (R&D) as most people understand it; instead, it’s more about doing innovative things and solving problems that have never been solved before in your particular industry. So it’s a broad spectrum of things – it’s not just about inventing and developing new products.
Article originally published on CABLEtalk Magazine
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