Here are some key takeaways from an engaging and insightful panel discussion:
- It’s not all doom and gloom.
Rapid company formation, strong balance sheets, and minimal redundancies suggest a resilient UK economy.
- Growth can mean many things.
In tough times, growth is any incremental impact for customers and stakeholders.
- Full expensing isn’t for everyone.
This measure is better suited to larger businesses, particularly in manufacturing, with the profits to invest in plant and machinery.
- R&D Tax Credits are complicated.
A complex application process and hidden austerity could make it difficult for businesses to claim successfully.