Our website uses cookies to enhance the visitor experience (what's a cookieCookies are small text files that are stored on your computer when you visit a website. They are mainly used as a way of improving the website functionalities or to provide more advanced statistical data.). Are you happy for us to use cookies during your visits?
Please note: continuing without making a choice equates to giving us your consent, which you can withdraw at any time via our cookies policy page.

Fresh thinking and a Personalised Approach

Concentrate on what you do best!

Professional, Approachable, Forward Thinking

We are here to support you and your business

Not your typical accountants

Freeing you up to do what you do best!

Freeing you up to do what you do best!

Freeing you up to do what you do best!



Coronavirus Support: The time to apply for R&D tax relief

Many businesses would benefit in either a reduction in tax or a cash payment in these difficult times.

Has your business undertaken the development or improvement of new products and/ or processes, including any significant costs in relation to internal operational software development and integration? If yes, you may qualify for the Research and Development (R&D) tax scheme.

R&D tax relief allows companies to deduct an extra 130% of their qualifying costs from their yearly profit to make a total 230% deduction.

You could also claim a tax credit if the company is loss making, worth up to 14.5% of the surrenderable loss. A potential cash injection which would be beneficial in times that companies are facing financial hardship as a result of COVID-19.

For more information get in contact today at hello@spurlingcannon.co.uk

All Authors | Post by: Sophie Grant

Leave a Reply



Ramsgate: 01843 848 383 Ashford: 01233 424200