R&D Tax Credit: Ireland

The Irish Economy

The Irish economy is one which has always been a prevalent force throughout the world and will continue to develop and thrive as more and more steps are taken to ensure its future success. One of these crucial steps is the utilization of the R&D tax credit throughout the country. Read on to learn more about how R&D tax credits can prove to be an extremely worthwhile investment.

R&D Tax Credit Eligible Expenses in Ireland

There are a wide range of eligible expenses under the R&D tax credit programmes. Some of these eligible expense consist of the following:

  • Wages
  • Supplies
  • Equipment
  • Contract Research Expenses
  • Many Other Forms of Expenses…
  • Determining eligibility can be simple in some scenarios, yet it can also become increasingly complicated as you involve additional variables. With the help of Swanson Reed, you’ll be able to identify any and all eligible expenses within your company’s unique profile and structure.

    R&D Tax Credits for Large Companies in Ireland

    Large companies will often see exceptionally powerful benefits when utilizing the R&D tax credit programmes. It would be ill-advised to not take advantage of any and all benefits available within the qualifying factors accessible to a large company in Ireland. For this reason, we recommend seeking our assistance to properly position your company in the best light possible in terms of tax credits and advantages.

    R&D Tax Credits for Small Businesses in Ireland

    As mentioned above, large business can benefit extremely well from R&D tax credits, yet small businesses can find the amazing benefits to be within their reach as well. It’s often thought tax credits and advantages are exclusively available to large corporations. This could not be further from the truth. There are many, many small companies choosing to utilize the excellent benefits of incorporating an R&D tax credit programme into their business regimen. We’ll be here to guide you every step of the way, so you’ll have nothing to fear, even if your business is on the smaller side.

    R&D Tax Credit Payroll Offset for Irish Companies

    Typically, as a company, you’re able to apply the R&D tax credit against your payroll taxes for a period of up to five years from the date of issuance. This process can prove to be significantly impactful to offset a high amount of payroll tax incurred over the course of several years. Our R&D tax credit experts here at Swanson Reed will be able to guide your business on the best methodologies to employ throughout the tax strategy and yield the best results possible.

    Swanson Reed: Your R&D Tax Credit Specialists

    When you choose to work with Swanson Reed, you’re choosing a company which values your business and wants to see you succeed in many ways within your unique situation. Feel free to contact us to learn more about how we can best position your company to take advantage of the R&D tax credits waiting for you. We’ll be sure to reply to your inquiry as soon as possible and we look forward to hearing from you soon!

    Contact Us

    Recent Posts