The R&D Tax Credit incentive is available in the US, the UK and many other countries. It provides companies with a dollar-for-dollar / pound-for-pound reduction in their tax liability for qualified research and development expenses. Qualified research expenses include activities such as the design, development or improvement of products, processes, techniques, formulas or software.
The benefits of claiming an R&D Tax Credit are considerable and include: increased cash flow, reduced tax liability, increased competitiveness, stimulated innovation, job creation
Sage Business Cloud is an amazing cost effective cloud accounting system. It ticks all the right boxes for small businesses with easy billing and bill payments. What it doesn’t do is time recording, billing or professional services automation. But now you can seamlessly integrate our timesheet and time billing systems with Sage Business Cloud – as seamlessly as if Sage had written the system themselves.
“Timewatch products definitely do save time,” explains one customer. “Using our old system and doing things on spreadsheets would cost us two hours per week per person at least. Moving from the old system to the new Timewatch system saves time – maybe 30 minutes per person – on what we were using before.It saves them a huge amount of time from reporting and a time analysis point of view. It saves us about 10 hours per month on that side.”
“A lot of the systems we looked at had too much functionality for our needs. We would be paying for an awful lot of software that we wouldn’t use and we didn’t want something that would take hours and hours to train people on and would make their lives more cumbersome.”