Category Archives: Research Credits

HMS continues to update white papers and other free collateral

We work on updating the vast wealth of collateral on the TimeControl website on a continuous basis. The site is one of the longest standing websites in the world and the materials on it can become dated as technology advances. In the past year we’ve made updates to factsheets, slide presentations, online webcasts and white papers.

Most recently, we have made updates to several white papers including the old Buy it or Write it has become a much more current Buy it, Subscribe to it or Write it. The paper includes a financial analysis that outlines the costs of all three options.  It is available for free for anyone considering this decision.  These main three architectural choices come down to:

  1. Buy timesheet software
    The main considerations for buying timesheet software and deploying it on premise is usually to have it work within existing security architecture or to have the underlying database available for integration with other systems.
  2. Subscribe to timesheet software
    The main reasons organizations elect to subscribe to timesheet software is for lower overall costs of ownership and to avoid the costs and complexities of internal technical support for maintenance and updates.
  3. Write your own customized software
    For those who have timesheet software requirements that are so unique that they cannot be met by commercial off the shelf software, they may need to consider the most expensive of options and write their own software.

We’ve outlined the major advantages and challenges of each of these three options and have given some cost comparisons.

We’ve also just updated the popular Research and Development Tax Credits with TimeControl.

For a complete list of free resources such as these, visit the TimeControl Website Resources area: TimeControl.com/resources.

Take a look at the new TimeControl R&D Tax Credit Solution Portal

HMS has just published a collection of new tools and resources for those organizations which do Research and Development Tax Credits.  R&D tax credit programs are offered by governments all over the world including the US, Canada, the UK, Australia and throughout the EU.  Virtually all R&D tax credit programs require documenting what eligible work was done and who did it and that’s one reason TimeControl is often part of the R&D reporting environment.  If your organization does an R&D tax claim then our new Research and Development solution page includes a range of new tools that you may find of interest:
There’s a new white paper on how R&D tax claims work and how you can configure TimeControl to help overcome the “Triangle Audit” that is often how R&D tax claims are reviewed by the particular jurisdiction.
There’s a new webcast talking and R&D tax claims and a demonstration of TimeControl 6 already configured to do R&D reporting.  The reports we used in that webcast are available for download from the MyTimeControl Plugin library on the timecontrol.com website in the Support area.
There is a new case study of how TimeControl is being used at EXFO in Canada for their R&D reporting requirements.
There are slides, links to online resources in numerous countries, slide presentations, other white papers and fact sheets.  You can even try TimeControl for free on our Free Hosted TimeControl Trial site.
The new TimeControl R&D Tax Credit Solution Portal is at www.timecontrol.com/solutions/randd.