Reduce Costs with the WBSO

Saturday, 22 April 2017

Many entrepreneurs benefit from the WBSO when working on innovative projects. After approval, a WBSO project allows them to receive a significant portion of monthly wage tax back. This reimbursement depends largely on the hours worked on the project. If you want to benefit from the WBSO as a business owner, remember to track your hours accurately!

What is the WBSO?

WBSO stands for the Research and Development Act, which provides subsidies for entrepreneurs investing in innovative projects, products, and software.

Every year, at least 14,000 entrepreneurs in the Netherlands benefit from the WBSO, making it one of the most widely used subsidies. The WBSO is accessible to many entrepreneurs, and the application process can be completed independently or with the help of an agency. These agencies often work on a no-cure-no-pay basis.

Every year, at least 14,000 entrepreneurs benefit from the WBSO.

No WBSO Without R&D Administration

The RVO (Netherlands Enterprise Agency) requires you to demonstrate the project’s progress and where time is allocated. This is done through an R&D administration, which consists of:

Time Tracking (easily managed with Keeping);
Project Administration.

With Keeping, you can conveniently log time to use for both time tracking and project administration. Project administration may include meeting notes, version logs, reports, correspondence, photos, test results, calculations, and more.

Project Management in Keeping Provides Greater Insight

In Keeping, you can easily log hours on projects, including WBSO projects. Enable projects in settings, create a project in Keeping, and have everyone working on the development project log their hours here.

Each month, you can easily generate the necessary information for declarations via reports. And if the RVO requests an audit, you’ll have all required documentation ready to show.

Want to Lower Costs with the WBSO?

Keeping offers a complete package, even for your WBSO administration! Experience the ease of seamless time tracking yourself.