Hour registration for the WBSO at ClockWise
If you want your company to qualify for the WBSO, it is important that you can securely store the time spent on R&D activities to demonstrate compliance with the program's criteria.
Therefore, it is crucial to properly record the hours worked. This allows your company to prove that you are entitled to the fiscal benefits of the WBSO scheme.
ClockWise helps you track your R&D hours
To comply with WBSO regulations, ClockWise offers the ability to easily separate and report your R&D hours, distinct from other hours worked. This way, you can apply for subsidies with peace of mind. With just one click, you can select your WBSO or R&D hours. As an employee, you log your hours on your project and submit them. As a manager, you approve the hours.
Are you the one responsible for reporting R&D hours? Don’t worry! Within ClockWise, you can split and filter hours in the reporting feature, making it easy to view and submit WBSO hours per employee, per year.
What is the WBSO?
The WBSO stands for the Research and Development (R&D) Tax Credit Act in the Netherlands. It is a tax incentive program that encourages companies to invest in research and development. By utilizing the WBSO, companies can reduce payroll taxes for the hours employees spend on research and development work.
To qualify for the WBSO and its associated tax benefits, companies must document their R&D activities and demonstrate that they meet the criteria set by the scheme. At ClockWise, we’re happy to assist you with this!
Register hours per project, per employee
In addition to accurate time tracking per project and per employee, we also integrate project management into our time tracking system. For your R&D organization, this means that you can not only track worked hours clearly but also effectively manage projects.
You can estimate hours for projects and set deadlines. It’s also possible to use hourly rates to monitor project costs, all from a single platform. With ClockWise, environments can be customized to meet specific needs and preferences down to the finest details.
With ClockWise, you can register hours worldwide and see how much time projects cost
Are you working as an employee at different locations or collaborating with organizations from different countries on a project? With ClockWise, you can easily track how many hours have been worked on a project by country.
When you track your hours per project with ClockWise, you can always see a clear overview of how much time has been logged for each project. This allows you to learn how to estimate your projects, including for future ones.
Tips for your S&O administration in ClockWise
Tips on work activities
Tips on work activities
Always make sure your hours are recorded under the correct project and correct period. For example, start tracking hours from the start date of your WBSO project. This prevents hours from falling outside the subsidy period and keeps your administration accurate and complete.
Tips on data overview
Tips on data overview
Report only the hours that truly belong to your WBSO project. Keep other hours (such as regular work or vacation) separate, so your administration remains clear and transparent. This makes submitting and justifying your subsidy much easier.
Tips on tracking hours
Tips on tracking hours
Record your hours as soon as possible after completing your tasks. The shorter the time between performing the work and logging it, the smaller the chance of errors or forgotten activities. This helps not only with WBSO compliance but also in maintaining a reliable overview in ClockWise.
