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Question

Projects Tracking R&D Tax Credits

  • October 25, 2022
  • 1 reply
  • 52 views

We want to be able to use Projects to document activities for Research and Development (R&D) tax credits.  I expect that the labor expenses will be the largest component of the R&D credit, with materials and prototyping materials the next largest component.   With the R&D Tax credit Solid documentation is required, but we need to be able to keep it simple as well for the engineers. Need to keep the tasks down to a minimum otherwise the engineers will not properly record their time.  Has anyone setup an internal R&D Project using the projects module?  Are there any tips to share, especially when generating the cost for auditors.

1 reply

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  • Freshman I
  • 10 replies
  • June 23, 2023

Hi Doug

 

We have the same question.  From our initial review, it seems to only have concept of selling a project.

 

Peter


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