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Right now, the government is throwing yet even more money at business owners, extending support initiatives. Money to help businesses to try survive these gruelling times.
As a business owner you’re probably feeling like you’ve exhausted all of the support, funding and loans available to you. And the truth is that could be the case.
There are options and one specifically that is massively underused by so many businesses: that’s R&D Tax Relief.
You’ve no doubt heard of this relief, it’s an extremely generous one. We’re talking 33% of the costs incurred on activities that are considered eligible and this money can be used for any purpose.
No loans hanging over your head. Just money to invest back into your business.
However, it’s all too easy to rule yourself out, if you don’t fully understand the ins and outs. I imagine you hear R&D and immediately you’ve got images of men and women in lab coats. It’s really not that black and white though. Businesses across any industry can absolutely be eligible to make a claim.
There are two steps to complete, to determine whether you are eligible – here’s step one.
Click the image below and it’ll take you to an eligibility routemap. If you can answer yes through to the last question, there is a high possibility you will be able to make a claim.
After completing the questions, if you think you are eligible, or even if you are unsure, book a call and we’ll take you through step two and hopefully give you the green light.
In short, maybe. If you are already claiming, there may be steps that could be taken to determine even more funds, or potentially bring forward future funds.
If cashflow is high on your agenda and you’re considering funding options, this is something you need to explore.
Book a call and let’s find out what we can do for you.