If your company spends any time on Research & Development (which can simply be time spent on performing test cuts or helping to design or build a project) be sure you are tracking those hours effectively.
Are you getting a refund for work you do every day? You may be eligible to have part of your R+D costs covered by the government, but you have to document them correctly. Bald Chicken Software has developed ATLAS R+D, the easiest way to track all of your R+D hours in just minutes a day. ATLAS R+D features the ability to output data to reports that are needed in order to claim federal and state tax benefits. ATLAS R+D is a simple, powerful way to track all of your Research and Development hours without spending weeks at the end of the year looking back to estimate the cost of R+D to your company. ATLAS R+D tracks projects as they occur to leave out the guesswork.
The IRS has recently noted that the R+D Tax Exemptions will be at a higher risk for audit. It has become more important than ever to track and keep accurate records of all projects and hours related to research and development projects. It was this change in policy that urged Bald Chicken Software to create ATLAS R+D to simplify the process of tracking while still recording the fine details of R+D projects for tax filing purposes. Differentiating between qualified projects and unqualified projects can be difficult. That's why ATLAS R+D walks you through the qualification process. All of your hours that are eligible for credit can be tracked and noted for end of year tax filings.
With no recurring fees, ATLAS R+D is a one-time cost with long lasting benefits. To learn more about ATLAS R+D and download the software, visit Bald Chicken Software.