Tag

subsidy 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

Leader’s 3 survival traits during crisis

By | Business

We all are facing difficulties during these uncertain times. However, it is essential to realize the importance of moving through. Businesses should find ways of making operations stronger after the time of distress. However, it is impossible without a strong spirit of the team, mutual support and confident leaders. Powerful leadership is an essential aspect of survival during hard times. We want to provide you with 3 primary traits that are essential for leaders and can help to keep business alive during the crisis.

1. The mission should stand

A mission statement is the most important and powerful principle that edify managers and employees why they work for the business and what their collective goals are. Strategy and approaches can change, however, the company’s mission should stay consistent.

2. Leaders have to stay open-minded during a crisis

The whole economic environment will change significantly as a consequence of the coronavirus pandemic. Therefore, leaders need to stay open-minded and come up with innovative solutions.

The post-crisis environment will require updated corporate strategy processes and business partners for a company to stay competitive. It is the leader’s responsibility to invent a competitive game plan.

3. Determination is a source of benefits

The coronavirus crisis became a major challenge for companies. They are losing their clients and have limited operation capacities. Nevertheless, a health crisis merely represents one obstacle out of many hundreds that a successful company should be ready to face. Other big threats, for example, can be financial liquidity, technology failure, and operations failure.

However, it is important to remember that business based on passion is fuelled by determination. The crisis is not fatal with smart planning and confidence. It can even improve the way a company operates and relations inside the team.

Crisis setting forces managers and employees to be more creative, to cut needless costs and to focus on active improving the customer segment. As a result, companies should become leaner and meaner, obtain a new ability to outperform rivals with innovative strategies after the crisis setting has gone.

Expanded BMKB scheme

By | News | No Comments

The Guarantee for SME Loans (BMKB)

The Guarantee for SME Loans (BMKB) will have a faster expansion scheme because of the Coronavirus issues. The easing measure will increase the size of the BMKB pledge loan from 50% to 75%. This makes it more manageable for banks to grant credit. Moreover, companies have an opportunity to borrow more money earlier. Besides, the scheme will be further expanded compared to a previous announcement; it will additionally apply to Bridge loans and Overdrafts with terms of up to two years.

Essential for the liquidity of smaller entrepreneurs.

The State Secretary Keijzer explained: “The BMKB can be used by companies for a bridge loan or overdraft (the amount that they are allowed to overdraft). The expansion is essential for the liquidity of smaller entrepreneurs who miss out on income or production due to the Сoronavirus. The suppliers, travel agencies, but also companies that can no longer obtain raw materials from abroad”.

€ 300 million in additional financing is already available immediately.

The government estimates that with this first step, € 300 million in additional financing will immediately be made available to SMEs that are affected by the Coronavirus. The extension will take effect from Monday, March 16, 2020, and will be a part of a package of measures already announced last week by the government to deal with the economic consequences of the Coronavirus. Entrepreneurs affected by the corona issue can also apply for working time reduction and postponement of payment/reduction of provisional assessment of taxes. Self-employed people can appeal to the Self-employed Assistance Decree (BBZ).

sidn fund

SIDN Fund Grant

By | Subsidy

What is SIDN Fund?

SIDN is an independent foundation. It is committed to solutions for security, stability, and trust of the Internet. SIDN is the foundation for internet domain registration in the Netherlands. The Fund was established in May 2014 with a start-up capital of around 5 million euros. SIDN Fund grant supports innovative internet projects that provide better accessibility, security, and creativity. The purpose of the fund is to improve the social impact of the Internet in the Netherlands.

How does SIDN work?

The SIDN fund grant provides money to projects that work on innovative ways of using the Internet. The Fund contributes to prosperity and welfare in the Netherlands by supporting innovative ideas in the data world.

Who can apply?

Pioneers - innovative ideas with guts:

Project in the idea phase. Focused on the elaboration of a promising idea to a demo, pilot or experimental design. A good idea that can be brought to the next phase by a strong team. The maximum contribution is € 10,000 per project. Applicants can submit a Pioneer project proposal during the whole year.

Potentials - visible social potential and sustainable impact:

A project with demonstrable potential, supported by a proof of concept. Further development and scaling up a promising, working concept or translation of scientific research into a usable application, with the potential for sustainable further development of the project. Potentials projects are projects that aim to upscale a working prototype into a useable application with significant potential. Contributions are up to € 75,000 per project.

How to apply?

If you are an entrepreneur who works in the tech field, you can apply for the SIDN Fund subsidy! You can find more information about the fund, deadlines and required criteria on sidnfonds.nl. Contacts us if you wish to apply for this subsidy directly. Or if you have any questions about the application procedure. Our specialists always available to answer you. m: info@wbso-software.nl p: +31 6 27 09 59 24 Make an appointment with the online calendar: https://calendly.com/nickreineman

What is Research & Development activities for the WBSO?

By | Subsidy | No Comments

R&D activities differ from organization to organization. Although these activities are generally of high risk and uncertain amount of investment, they are crucial for the product development and expansion of market shares.  The companies in the Netherlands have a chance to apply for subsidies and government grants to cover the R&D expenditures, however, these activities have to be qualified.

Generally, R&D activities that can qualify for the tax credit fall in one of these four categories: 

1. New product development 

2. New process development 

3. Incremental product development 

4. Incremental process development 

 Terms like “new” and “incremental” refer to the individual enterprise, but not to the whole industry. 

Examples of qualified activities include:

  • Design and development of new products/manufacturing process 
  • Product experimentation and modification 
  • Research of new applications for existing products;
  • Testing for conformity with domestic/foreign regulation standards
  • Improvement of a prototype of new products 
  • Work automatization 
  • Improvement of manufacturing/production technologies
  • Software development 

Activities are unlikely to be considered as R&D and therefore cannot be qualified for a tax credit if they relate to the general expenditures that a company would undertake without R&D. 

Examples include:

  • Testing or analysis of activities for quality control 
  • Routine data collection
  • Testing and qualification of production lines;
  • Production modifications without technical uncertainty
  • Market research for advertising or promotions;
  • Research that is funded by a third party
  • Any other activities that do not fall into four mentioned categories 

Certainly, rules and conditions for R&D regulations can differ depending on the country, region and industry, hence a company can require external help to make the right conclusions. You can get in touch with us or use the WBSO scan to be sure that your company and activities are eligible for a tax credit.