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If you are looking to transition from a compliance-based financial account to a fully-fledged AI Business Advisor®, our blog is your essential resource. Packed with valuable posts on diversifying your accountancy practice, increasing revenue, upskilling, and future-proofing your skillset and business, our blog is a must-read for ambitious accountants. Stay ahead of the curve and unlock new opportunities by delving into the transformative insights and guidance offered in our blog.

Business Innovation - Missed Opportunities for Accountants

The Government’s UK Innovation Survey 2021 makes interesting and potentially profitable reading. 

In summary, it says:  

  • In 2018-2020, 45% of UK businesses were innovation active compared to 38% in 2016-2018. 

  • In 2018-2020, 58% of large businesses were innovation active, compared to 44% of SMEs. 

  • The percentage of innovation active businesses was highest in England (46%) in 2018-2020. 

  • In Wales 44% of businesses in 2018-2020 were innovation active 

  • 39% in Scotland 

  • 38% in Northern Ireland. 

  • The East of England and the West Midlands were the English regions with the highest percentages of innovation active businesses with 51% and 49% respectively. 

Now for the gobsmacker…

ONLY 4% RECEIVED INDIRECT FINANCIAL SUPPORT SUCH AS R&D TAX CREDITS!!

Whilst Runagood® is not a player in the tax credit industry our Business Dashboard® assessment tool will flag up R&D issues in any business.

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