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Importance of Supporting Documentation in Your R&D Tax Incentive Claim < Death By Taxes
When your company is working on research and developmental activities, it is important that you maintain a record of all the activities that are performed - the staff costs, contractor costs and the sub-contractor costs. It is also important to maintain the day to day transactions and the total cost incurred to perform the R & D activities. This is important at the time of availing R & D tax credit incentive claim.