SME's missing out on valuable tax relief

Recent surveys suggest that in the last two years, 56% of SME’s within the UK have undertaken Research & Development (R&D) activity within their business. Regrettably however, less than 1% have claimed the valuable government relief or benefit that they are entitled to. That’s over 1.6m companies who are potentially missing out. The likely cause is lack of awareness and understanding of R&D, on the part of business owners, senior management or indeed their accountants. With average benefit being in excess of ￡32,000 per annum, SME’s are not utilising the opportunity to secure a valuable source of business funding. To find out, without obligation, if your business is entitled to R&D tax relief, contact me on 07785 555515 or email [email protected]