Six ways you can use R&D tax credits to make money

OK, so there is one obvious way that you can use R&D tax credits to make money, and that is to submit a claim! You’ve ticked that box already? Well done! You’re on your way to unearthing a potential juicy nest egg to help grow your business.

But how can you make R&D tax credits work harder for you AND maximise the benefit? 

Here are our 6 top tips:

1. Your first claim is just the start. As your R&D continues you can keep claiming year on year. Ker-ching!

2. You can take the initial funding boost from your first claim and re-invest in your R&D, leading to bigger and better projects. World domination awaits.

3. You can use the next funding boost to purchase new, sophisticated equipment to enable even more R&D. You’re going to be busy!

4. And the payback after that could be used to employ more research staff. It’s a nice feeling isn’t it?

5. By continuing to reinvest your tax credits in innovation, you could boost your claim sizes year on year, develop your company’s R&D and improve your overall financial situation. Big smiles all round.

6. Finally, seek advice from an R&D tax credit expert who can ensure you submit a robust and maximised claim every time. You know it makes good sense…

If you’re going to do this, make sure you do it right by using the very best resources at hand.