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Unlocking Architectural Innovation: The Power of R&D Tax Credits with Patrick Inglis
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Welcome to the latest episode of Innovation Deciphered! Join our host Tim Fitch as he embarks on an enlightening conversation with Patrick Inglis, President of the Association of Consulting Architects, and a distinguished architect in his own right. Patrick brings over two decades of expertise to the table as a Director at IBLA, an architectural firm he co-founded in 2000. Patrick shares his knowledge and experiences, shedding light on the transformative power of R&D tax credits for architectural practices.
In this discussion, they explore the misconceptions surrounding R&D in architecture and how practitioners can identify qualifying activities within their projects. From repurposing historic buildings to tackling sustainability challenges, architects often engage in complex problem-solving that aligns with R&D criteria.
Patrick emphasizes the importance of shifting mindset towards recognizing R&D efforts and leveraging the tax credit scheme as a strategic advantage. Through real-life examples and practical insights, we uncover the significant opportunities awaiting architectural firms willing to explore this incentive.
They also address common concerns and dispel myths, clarifying that R&D tax credits are a legitimate government initiative designed to foster innovation and support businesses in their quest for excellence.
Whether you're a seasoned architect or a newcomer to the field, this episode offers invaluable guidance on navigating the R&D tax credit landscape and unlocking the potential for growth and innovation within your practice.
Tune in as we decode the intricacies of innovation in architecture and pave the way for a more dynamic and forward-thinking industry.
#Architecture #Innovation #RDTaxCredits #UKBusiness #ArchitecturalInnovation #IndustryInsights
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