How I know if I am carrying out R&D? If you are creating a new or enhanced product procedure or service, your business might be conducting research and development (R&D). You will likely be trying to solve an issue where no solution is evident. This can take many forms. And R&D initiatives can include work…
Merged R&D scheme – what you need to know The merged R&D tax credit program was confirmed in the Autumn Statement in 2023 and has been introduced for accounting cycles beginning on or following April 1, 2024. The new program signifies a major shift to R&D tax incentives in a very short timeframe, so it’s…
Market Analysis and Examination:Before taking any steps to expand your business, it’s essential to meticulously research and evaluate the UK market. Understand your customer base, competition, and industry trends. This information will steer your business choices and aid you tailor your products or services to meet local demands efficiently. Strategic Plan:Create a detailed business plan…
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