The WBSO subsidy is a government tax regulation that stimulates innovation in your company by paying part of your R&D costs. You can apply for this subsidy if you develop a technically new product or production process. It also covers software development and technical scientific research. In addition to an application, you need to keep meticulous records of the hours worked on the project. This is crucial for the approval of the application and in case of an inspection by RVO. Source :https://hgm.eu/

In this article, we will give you the basics of how you can meet the requirements for WBSO by using TimeChimp to record and report your R&D hours. We will show you how to make sure your project descriptions and hours are accurate and how easy it is to approve and export these hours. By following these tips, you will be well on your way to impeccable hourly administration for your WBSO project.

WBSO and Payroll Tax Reduction: How It Works

We can support you in the entire WBSO process, from preparing an application to setting up the administration and helping you with an RVO inspection. Our services include full guidance and advice on the entire process, based on your specific business. We can also take care of the actual reporting of hours and costs after the calendar year to which a WBSO decision relates. This allows you to focus on innovation and maximize your chances of receiving the WBSO. In addition, we can advise you on the application of the Innovation Box, a new tax benefit that can further reduce your costs by placing profits in this box instead of the regular corporate income tax rate (currently 25.8%).