The Radius team at Shorts Chartered Accountants has launched a new R&D tax relief microsite to help boost the finances of local businesses.
The microsite is designed to help raise greater awareness of R&D tax reliefs, which are generous, government-backed tax breaks for innovative companies. This tax relief is often worth around 25% of qualifying R&D expenditure.
As the region’s business community continues to adapt to the ongoing difficulties presented by the COVID-19 pandemic, Radius is encouraging businesses to check their eligibility, which they can do for free by way of a 30-minute consultation.
R&D tax relief is one of the most significant government-backed tax reliefs available today, but many companies do not realise they qualify.
Whether local SMEs innovated in order to survive repeated lockdowns, furloughed staff and remote working infrastructure, or if they plan to develop innovative new products, services or solutions to bounce back for 2021-22, R&D tax relief is an incredibly valuable cashflow tool.
Chesterfield and wider Derbyshire businesses can visit the new microsite for detailed information of how R&D tax relief works, information on whether their business qualifies, and a free calculator to estimate how much of a tax saving they could make.
With a long-standing heritage of over 130 years, Shorts has grown from a local business to a nationally recognised award-winning firm. Find out more about the company here.
To find a wide range of business support available in Chesterfield, including details on how to access the innovative Chesterfield Digital High Street scheme, go to: https://www.chesterfield.co.uk/business/business-support/
Entrepreneurs and start-up businesses can also receive funding through the Vision Derbyshire scheme, as part of efforts locally to encourage more people to set up their own companies.
Shorts supports the marketing and economic growth of the town through Chesterfield Champions, a network of over 190 organisations across Chesterfield and North Derbyshire.