Businesses urged to claim tax back for R&D
Irish SMEs are being encouraged to check if they qualify for research and development tax credits.
Potentially eligible R&D activities include: integration of telephony and voice technologies, smartcard interfacing, integration of mobile technologies, improvement in processes and operations, and automation of manual activities. SMEs who want to support their claim must have proper records, a feasibility plan, progress reports, a list of personnel involved, lab reports and any patents or patent applications. "In particular, the definition of what can be termed R&D is broader than most business people realise and tax credits are not being claimed due to this lack of awareness," said Donall Curtin of the Institute of Certified Public Accountants.
See www.ENN.ie for more.
Source: Enterprise Ireland's E-Business Live