What Would Your Business Do With Extra Cash?
Tide helps businesses increase their cash flow by managing their applications for various government funds and opportunities, as well as offering alternate loan solutions. Did you know:
- SMEs can reclaim up to 33p for every £1 spent on R&D with the R&D tax relief
- Alternate lending solutions help you bypass complicated bank paperwork and high interest rates.
- The UK government regularly opens applications for business grants across a broad range of industries and activities
Funding Your Next Innovation: R&D Tax Relief
The R&D tax relief is a Government initiative which encourages companies to invest in their R&D activities.
It may come as a surprise to you, but it’s not just for the science and technology sectors. Eligible industries include: Food & Drink, Renewable Energy, FinTech and so many more.
This tax relief allows businesses to claim a ‘super’ tax deduction where they are undertaking R&D activities. If a company is loss-making, it can also claim a tax repayment from HMRC.