Leveraging the R&D Tax Incentive for your Innovation

COMPLIANCE

Records (evidence not reasons)

Per Activity (NOT project)

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All Core & Support Activity Criteria IP records overlap with R&D Tax

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• Timesheets – differentiate across R&D and non-R&D • Contractor invoices are specific for R&D tasks • Allocation of depreciating assets between R&D activities and non-R&D tasks • Direct costs, such as travel, can be specifically coded to R&D activities at an invoice level