RESEARCH AND DEVELOPMENT Research and Development (R&D) tax credits are a valuable government subsidy that can significantly reduce your company’s tax bill, and even get you some cash back. WHAT ARE R&D TAX CREDITS? R&D tax credits are a means of encouraging companies to innovate through a financial reward for developing new technologies to substantially improve products, processes, devices, materials and/or services. R&D tax credits are not just for technology companies and it is worth considering some of the following questions to understand whether your company may qualify: > Does your company have a particular specialism? > Has your company improved its efficiency/profitability? > Is your business subject to regulatory changes? > Has your company looked at new techniques or adaptation of new
technologies
11
