Understanding the accounting treatment for R&D tax credits
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How you record the accounting treatment for R&D tax credits depends on which incentive youu2019re eligible for either RDEC for larger companies or the SME scheme for small businesses. R&D tax credits can be received as either a cash injection or a reduction in corporation tax. This article will provide you with the essential information about how to perform double-entry accounting for R&D tax credits so you can create a successful claim and receive the financial benefit youu2019re entitled to!
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Understanding the accounting treatment for R&D tax credits
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