Manufacturers often to need to step up to a new way of doing things to maintain a competitive edge. Whether it is improving the manufacturing process, making new products or developing manufacturing systems, there are a number of ways in which you might find your business eligible for the R&D tax incentive program.
If your business is developing a new product, process or system, you may be conducting Research and Development. The first step is to determine what activities and expenditure are considered eligible under this program. This can be made somewhat more complex for manufacturing businesses who are conducting R&D activities in the background of an operating production line.
There self assessment tool available on the Business.gov website can assist you to assess your eligibility.
Alternatively, if you would like an obligation free chat, we can come to your place of business to discuss any questions regarding the program. Contact us.