Yes. One way to bolster your earning potential is to explore whether you can take advantage of Research and Development (R&D) tax credits, particularly as it’s a tax relief you can opt to turn into cash, and there is scope to go back and claim for the two preceding years.
Many business owners don’t believe they can benefit from R&D tax relief because ‘there can’t be much R&D happening in my specific sector’. But this simply isn’t true. R&D tax relief applies to many sectors, including food & drink, property & construction and manufacturing.