R&D tax credits allow small companies to deduct an extra 130% of their qualifying costs from any profits, in addition to the existing 100% of qualifying costs – a total potential deduction of 230%.

Can my company claim R&D relief? Despite what many think, you don’t have to be in the technology or engineering sector to be an innovator.

As long as your company undertakes scientific or technological projects developing new products or processes, or substantially improving existing ones, it’s possible you may be eligible to claim R&D tax credits.

Read our article which contains some questions you can ask yourself that will give you a rough idea of whether your work might be eligible.