Accountants missing R&D trick, says Jumpstart
Accountants are missing out on clients who could be eligible for research and development (R&D) tax credits, according to an R&D specialist.
Jumpstart’s senior business analyst Paul Wigley spoke about opportunities at the IFA’s regional annual conference in Birmingham last week.
During his presentation, Wigley said some practitioners may be overlooking industries where R&D is potentially applicable, due to it commonly being applied to scientific, technological or IT-related areas.
"The challenge for us is to get accountants to understand the types of areas that could qualify for R&D tax credits. Most would look at this scheme and think if they haven't got a white labcoat the likelihood is they're not going to qualify.
"But as long as someone's...