In this era of fast growing technology the government has tax relief incentives in place for companies to encourage you to invest in technology. It is a quite useful source of financing innovation for the qualifying enterprises. HMRC’s Research & Development tax credits allow businesses to offset their Research and Development related costs by reducing their tax bill or even getting cash rebates for loss-making project/business.
Optima is here to help you on any improvements and changes to your existing services and/or products to help you qualify for this great opportunity and a generous scheme which many small businesses assume they would not qualify for. It could be simple things as making small changes to your existing products and services which makes them more efficient or economical for their customers.
We strongly believe that it could prove to be a really valuable funding source for the eligible project/business – UK Government has recently improved it in order to make it more accessible.