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money Archieven - WBSO Software Specialist

WBSO: Who is qualified?

By | Subsidy

Any entrepreneur in the Netherlands can be qualified for the WBSO subsidy help. The company can be of any size and can be working in any business field. The WBSO distinguishes between entrepreneurs who withhold payroll taxes (inhoudingsplichtigen) and who are subject to wage tax (belastingplichtigen). This article provides more information about tax regulations and the WBSO conditions.

R&D tax withholding agents

Entrepreneurs are qualified for a reduction in the payroll tax if they conduct business within the meaning of the regulations on corporate tax or employ staff who carry out R&D.

R&D tax withholding agents are entrepreneurs who manage a business that is not a public knowledge institute. They should carry R&D activities and withhold payroll taxes on behalf of their employees. Before becoming an R&D tax withholding agent, an entrepreneur should be issued a payroll tax number from the Dutch Tax and Customs Administration.

Holding company / operating company 

Both entrepreneur’s operating company and the holding company have to apply for the WBSO if their employees carry out R&D.

Tax entity 

In case a company hires employees to a third party, they fall under the WBSO only when organising the R&D work at the third party’s company. An exception to this is made for hiring in or hiring out employees. Employees may be hired in or out for R&D, for example, by an employment agency or by companies within a tax entity that carry out work on a specific project. When employees are hired in and out by companies within a tax entity, each employing company needs to submit an application.

Trainees

The R&D hours worked for the WBSO can include hours worked by trainees and students working on their graduation project. However, only if they are employed by the company and all the R&D conditions are met.

R&D taxpayers 

 A self-employed entrepreneur who manages a business within the meaning of the Wage Tax Act and works on R&D for at least 500 hours in a calendar year is qualified for an R&D tax credit. In this case, self-employed is indicated as an R&D taxpayer. A self-employed entrepreneur can submit more than one application, in case they manage a business through more than one company with R&D activities. A self-employed person cannot claim for costs and expenditures, neither can choose a fixed sum. Those entrepreneurs who hire salaried employees for R&D work can also apply for a WBSO tax credit as payroll tax withholding agents.

 

Contac the WBSO Software Specialist if you want to get more information about subsidies and grants for entrepreneurs in the Netherlands

Source: rvo.nl

Help your business survive the Coronavirus

By | Business

Despite the global health consequences, the Coronavirus has a negative economic impact on small and scaling up businesses. We want to provide you with bits of advice on how entrepreneurs can protect their business while working from home.

1. Curate sources of your updates

A constant flow of information about the Coronavirus can make you very unproductive. Thus, try to limit your news alerts and keep up only with the most relevant ones. In this way, you will be able to save your nerves and the nerves of your business.

2. Use your social channels for good news

This is a difficult time for the whole world and unfavorable news is covered daily in all the broadcast channels. As a business, you can use social media and give a positive vibe to your audience. Think about the warming moments, success stories, heroes, leaders that you can share with people and make them feel happier and closer to your brand.

3. Educate yourself

Use this variety of online educational sources to expand your entrepreneurial knowledge about the crisis, finance, marketing and new business strategies that can be tested after the time of distress.

4. Forecast your risk

It is important to create a possible scenario of the outcomes for your business. Consider the worst-case scenario and work from it. What can be the most vulnerable aspect of your business? What measures can be taken to avoid it? How to fix it in case of emerging? You should be set up with all the necessary steps in terms of redundancies, cost-cutting and predictive mapping.

5. Reduce your expenditures

Cost-cutting should be done today. Eliminate any non-essential subscriptions, reduce online sponsored posts, minimize travel, pause any large costs that could be undertaken later on.

6. Do not rush with firing decisions

Employees still have notice periods and can claim unlawful actions if you are not careful. Redundancy is a painful decision that should be considered as the last resort. Ask your team and staff members if they voluntarily wish to compensate a pay cut or explore if they agree to donate back to the business their upcoming holiday. You can consult with free legal advisors that work with employment law or HR about the best decision for your company by phone.

7. Over-communicate with your team

Remote working can be successful; you just need to keep the team spirit. Talk with each other daily, update with news, organize online activities, organize group video talks. Besides, keep all your social channels active and ensure that your team has a clear route through them with a daily plan of action.

8. Explore the opportunities

Flexible working is an opportunity to demonstrate teamwork and test new strategies. Although this feels hard and fast, the advantage of working from home can introduce new ways of working within the company.

9. Work together

We are all together in this. There are no correct ways of doing things and there is no definite outcome. It is stressful, unknown and difficult. However, you should stay patient, thoughtful, attentive, and work with people, not against them. If there was ever a time to lean this, it is now.