R&D Tax Credit
Maximize the R&D Tax Credit with Sage Timesheet
For companies investing capital in R&D, careful documentation of the time, wages, and activities associated with each project is critical to realizing the full value of the R&D tax credit. Sage Timesheet can help by providing solid documentation and expense reporting that qualifies for the R&D tax credit.
- Allow employees and managers to record time spent and costs incurred for each task or project
- Enter time and expenses at user-defined levels, including employee, department, project, and individual task
- Powerful reporting provides detail or summary reports for insight into the portion of wages applicable to the R&D tax credit
- Customized reports provide substantiation for R&D credits
User Defined Time and Expense Entry
Enter time and expenses at many user-defined levels. Employees who spend a majority of their time on qualified projects can be tracked at the employee level for purposes of the R&D tax credit. Managers who spend only a portion of their time on R&D can document time at the project level.
Automatically Document R&D Wages
Using their Web browser, employees can enter time for tasks performed with a stopwatch timer, eliminating unrecorded or underestimated time.
