Posted By: R&D SmartTax

Smartphone and tablet applications (apps) are constantly evolving, and I’m sure a few of you reading this will be in the middle of app development as we speak. But like most startup businesses I know, I can bet that you prefer to spend most of your time doing the R&D, rather than writing about it or recording it.

Unfortunately poor record keeping will definitely not convince AusIndustry of your eligibility for the lucractive R&D Tax Incentive program. So this is why I found this article by Annabel Hodges on 15 Best Apps for a Productive Day at Work a great set of tips to help you with your R&D record keeping.

The two main areas I would like you to focus on are:
1) record keeping – I am a fan of Evernote for easily tracking notes, photos, anything in a quick-tag system so you can collate project records quickly for your claim; and

2) time recording – I hate timesheets as much as the next person, but if you want the big dollars that the government is handing out, then be prepared to spend a bit of time showing the ATO how you spend your time on your experimental activities. Two great apps are shown here but there are plenty of others out there if you look around.

So enjoy the article, happy technology development, and if you have any other great tips or apps on how you make your R&D record keeping easier, let us know and we will share. After all, you never know when someone else’s innovation will come in handy in your life.

To read the article, please click here.

If you have trouble with this link please paste this URL into your browser: http://www.smartcompany.com.au/information-technology/054554-15-best-apps-for-a-productive-day-at-work/2.html?utm_source=SmartCompany&utm_campaign=a54d1cd507-Monday_11_March_201311_03_2013&utm_medium=email

About R&DSmartTax

R&D SmartTax tools were born out of a desire to help the many smart small Australian companies access the R&D Tax Break benefits without the need for hours spent reading tax literature or expensive consultant fees. The R&D Eligibility Wizard is designed to be low cost, easy to use and available for all Australian industries.

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Stephens & Co Chartered Accountants

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