Accounting for IP Box and R&D - support from KWIATKOWSKA KSIĘGOWOŚĆ
What are the IP Box and the R&D relief and who can benefit from them?
The IP Box and the R&D relief are preferential tax solutions that can significantly reduce the amount of income tax paid by R&D entrepreneurs. IP Box allows income from qualified intellectual property rights (e.g. patents, software copyright) to be taxed at the rate of 5% instead of the standard 19%. In turn R&D relief allows an additional deduction of costs incurred for research and development from the tax base.
However, taking advantage of these reliefs requires precise record-keeping and compliance with certain legal requirements. FLOWER ACCOUNTINGas experienced accounting office Wilanów, provides professional IP Box and R&D billing support, helping entrepreneurs to maximise tax benefits.
What services does accounting for IP Box and R&D include?
Accounting for preferential tax rates for research and development activities requires careful accounting and tax analysis. FLOWER ACCOUNTING offers comprehensive services in this area, including:
- Analysis of eligibility for IP Box and R&D relief - assessing whether the activity meets the conditions required by the tax legislation.
- Keeping records of R&D costs - proper segregation of eligible costs in accounting, which is key to benefiting from the relief.
- Preparation of tax applications and declarations - correct accounting of allowances in the annual CIT or PIT return.
- Support in the event of a tax audit - preparation of documentation and representation before the tax authorities.
The most common questions about accounting for IP Box and R&D
Who can benefit from R&D relief?
R&D relief is available to companies engaged in research and development activities, including IT, engineering, pharmaceutical and technology companies.
How to document R&D activities?
It is essential to keep detailed records of costs and reports on ongoing projects. FLOWER ACCOUNTING assists in the preparation of the relevant documentation.
Can the Wilanów accountancy office help with the IP Box settlement?
Yes, FLOWER ACCOUNTING deals with the settlement of IP Boxes and R&D reliefs, ensuring correct tax settlement and maximisation of financial benefits.
With the support of experts from FLOWER ACCOUNTING entrepreneurs can benefit from preferential tax solutions while ensuring full compliance. Contact us to find out how we can help you optimise your company's tax!
Kwiatkowska Księgowość
Our offer
Accounting Office Wilanów
We offer comprehensive bookkeeping services for commercial law entities (ledgers) and for business activities (P&L, lump sum).
We provide full HR and payroll services including, inter alia, the preparation of payroll, social security and tax declarations and all personnel matters
We will help you set up a business and register the company. With our help, you can choose the optimum form of taxation.
