In order to claim an R&D tax credit, it is important that you have sufficient supporting documentation to substantiate the claim. For most companies, R&D activities are at the forefront of their minds, but documenting these activities and their associated costs (in the manner prescribed by the legislation and guidance) is not.
Many companies can find it challenging to implement an efficient documentation process, which meets Revenue’s requirements whilst having a minimal impact on the important day-to-day activities.
We can assist you to establish appropriate documentation procedures to help ensure that you are maintaining supporting documentation on an ongoing basis. A key benefit of this service is to facilitate the preparation of appropriate documentation in anticipation of a Revenue audit.