Talking R&D Tax Credits on BBC Radio Suffolk
I was very pleased to join presenter James Hazell on the morning show once again today. It's always nice to be invited back – suggests the last interview couldn't have been a total disaster!
This time, we discussed the various commercial finance options that are available to the 250,000 businesses based in the region as we gradually come out of the Covid-19 lockdown. Whether you're looking for a business loan to assist with cashflow or looking to invest in property or take advantage of the currently low prices on commercial premises, lenders are out there so don't be discouraged if you've been turned down by your bank. We're always happy to offer impartial advice to help you find the best funding solution for your specific needs.
We also talked briefly about the new Recovery Loan Scheme which was introduced on 6th April to replace CBILS and BBLS. Alas, details about the new scheme are still a little sketchy, but watch this space for further updates!
The main topic of our discussion was the R&D Tax Credits scheme, which most businesses and SMEs are probably aware of, but mistakenly assume they're not eligible. Well, we have some good news. R&D Tax Credits aren't just for science and manufacturing-related businesses, they can be claimed by any business using innovation and new ways of doing things to solve a problem for its customers.
You can listen to the interview below for further details of how the R&D Tax Credits scheme works, examples of the type of projects that qualify and how we can assist you with your claim. Please don't assume that this is something your accountant is doing for you, I can assure you, they probably aren't. It's a specialist area, but we have some simple questions we can ask to quickly determine whether a claim would be worthwhile, so you have nothing to lose but a few minutes of your time.
If you have a question about something discussed on the show or any other kind of commercial finance enquiry, please get in touch. We're here to help.