R&D Tax Credits are an important source of funding for innovation projects, but many companies still aren’t availing of them. Iain Fisher, MD of industrial automation experts Fisher Smith will share his experience of using R&D Tax Credits to offset the risk of new product developments. One of the key aspects of claiming R&D Tax Credits is evidencing the time spent on R&D projects.
Iain, joined by Mark Wood from tax specialists Yes Tax, talks through the process of defining the risk-based projects eligible for tax relief, and producing evidence of time and materials consumed in the R&D efforts. Iain and Mark share how Flowlens has made the process of planning and evidencing annual claims easier, and more robust.