The WBSO subsidy is a government tax regulation that supports companies and self-employed in R&D. You can qualify for the WBSO if you develop a technologically new physical product, production process or software. It also covers technical scientific research for the benefit of your company.Source : https://hgm.eu/

This work can be done in your own company, for clients or on behalf of third parties. If you meet all the requirements, you can apply for a significant reduction of the payroll taxes, up to 32% for companies and 40% for startups. This is a valuable opportunity to lower your development costs and stimulate innovation.

Calculating Your WBSO Benefit: How Much Can You Save?

The application must include a well-formulated project description and a detailed insight into the nature, content and progress of the R&D work. It is also necessary to keep meticulous records of the time spent on the project and the corresponding costs. In the event of an inspection by the Rijksdienst voor Ondernemend Nederland (RVO), it is important that you have accurate and complete documentation of this.

With TimeChimp you can easily record hours for your S&O project, so that you can meet the strict requirements. You can make clear separations between S&O hours and regular working hours, and you can quickly and easily create reports. In addition, it is easy to export the S&O hours in the required format for the RVO. This way you can be sure that you always have an up-to-date and correct overview of the R&D hours that your employees have worked on.