JudgeDread
Registered User
- Messages
- 12
Hi,
I am trying to work out our numbers for the R&D tax credit for 2011.
As a small software company it seems like almost everything we do applies.
I was under the impression that work we do as services would not be covered but that does not appear to be the case, as the revenue document clearly states you do not have to be the intellectual property owner of the R&D.
I have asked around friends in other companies as to how they calculate it and the answers range from they claim every penny of payroll expenditure (which seems wrong of course) to they don't claim at all for fear of an audit.
Has anyone any experience of this?
I am trying to work out our numbers for the R&D tax credit for 2011.
As a small software company it seems like almost everything we do applies.
I was under the impression that work we do as services would not be covered but that does not appear to be the case, as the revenue document clearly states you do not have to be the intellectual property owner of the R&D.
I have asked around friends in other companies as to how they calculate it and the answers range from they claim every penny of payroll expenditure (which seems wrong of course) to they don't claim at all for fear of an audit.
Has anyone any experience of this?