Saturday, 29 April 2017

R&D tax relief within Craft brewing businesses

We love helping craft brewers develop their businesses and become more competitive and profitable whilst saving valuable time and effort.

Where does the tax relief within a brewery originate from? There are 5 main areas where we can help you to maximise your Research and Development tax claim.

Systems
Processes
Products
Materials
Devices

In each area there are opportunities to claim research and development tax relief.

You must first of all imagine that every new project your business approaches has an imaginary circle around it..Once you have the project title and surround it, the key is to ensure that every person who is involved in the project 'who enters the circle' logs the exact time he was in and out of the project and what his contribution to that project was. One of the key areas of R&D tax relief is apportioning a percentage of the salaries of each person involved in each project.

For a simple explanation watch our new video

https://youtu.be/Qy114-SQhlA

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