What are R&D Tax Credits?

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