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Businesses may strain finances unnecessarily by missing tax relief for R&D
- Credit: Getty Images/iStockphoto
The Future 50 programme looked at financial management – including the importance of tax credits for R&D.
The Future 50 programme for East Anglia’s most promising high-growth businesses continued this month with an online workshop on financial management. Hosted by accountancy firm Lovewell Blake, three specialists looked at topical aspects of finance.
The Future 50 programme is supported by the partner businesses
- Credit: Archant
Lovewell Blake partner Mary Schofield provided an overview of the often-overlooked R&D tax credits system. “It is available only to companies – there s no equivalent tax relief rolled out to partnerships or sole traders,” she said. This may affect when a start-up incorporates, to take advantage of this specific tax relief if there is substantial R&D to be done.
Norfolk consumers are the winners as big business loses out
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