Community Schmooze: Cash for Innovation
This month's get-together is sponsored by Breakthrough Finance who will be sharing details of the government R&D Tax initiative. The government wants to boost the technology sector and the economy in general and this is one way of supporting those that make things happen. Breakthrough Funding helps SMEs to claim R&D tax relief from HMRC – or, as we prefer to call it, ‘cash for innovation’, because that’s exactly what it is.
In order to encourage UK innovation, HMRC offers incentives to businesses that are creating something new, solving problems and overcoming challenges. By claiming back some of their R&D costs, businesses can receive relief against their corporation tax bill or, better still, a cash payment.
Many businesses don’t realise that what they’re doing is R&D – which is why Sue Nelson founded Breakthrough Funding. By helping companies and their accountants to recognise innovation, we help to turn small businesses into great big ones! Having started two radio shows focusing purely on technology and food tech – The TechTalk Show and The FoodTalk Show – along with a magazine for the manufacturing and engineering sectors, Sue sees innovation in action every day and is an expert at spotting R&D tax relief claims.
Please register to hear more and to meet other members' over an informal lunch hour.
Pizza and refreshments will be provided too so be sure to add your name to the list!