Too many businesses are missing out on this amazing opportunity. So, if you're a startup, scaleup or SME with less than 500 staff and either a turnover of less than 100 million Euros or a balance sheet of less than 86 millions Euros, then R&D tax credits are something you need to look at. Now.
Simply put, R&D Tax credits have been set up to help businesses invest in innovation. But 'innovation' is a bit of a vague term, isn't it?
So, instead, just ask yourself if your business does either of the following?
- Spend money creating new products or services?
- Spend money changing or modifying an existing product or service?
The likelihood is that you do – because pretty much every business does.