Office for National Statistics (ONS) latest figures show positive news for the manufacturing sector which, as a result of a slowdown in the economy, has been dealt a number of challenges in recent years. Output for the sector grew by 2.3% in April, the biggest increase since February 2014.
At Beavis Morgan, our specialist advisers to the manufacturing sector are able to assist with business growth and optimisation. Our Research & Development (R&D) tax credits team have also made a number of successful claims on behalf of our clients in the manufacturing sector. The reliefs, essential for businesses in the sector to innovate and excel, can be extremely beneficial for those engaged in qualifying R&D, and we help will to maximise the benefits of the reliefs by:
– Determining whether you are a qualifying company
– Working with you to assess whether any of your activities qualify
– Reviewing your activities to make sure you claim all that you are entitled to
– Working closely with you to prepare and submit your claim to HM Revenue & Customs.
For further information or to arrange for a no obligation preliminary meeting on how your company could qualify under the R&D Scheme or to discuss how we can help you and your manufacturing business, please contact Steve Govey or your usual Beavis Morgan Partner.