The R&D Tax Credit is the biggest tax credit available to U.S. businesses, yet also one of the most underutilized.
Does your business operate in the Software & Tech sector?
Transformation and technological development are daily challenges for companies in the tech sector. However, resolving many of these technical challenges often qualifies as research and development from a tax perspective and you’re more than likely to be eligible for generous tax relief.
Throughout the US, companies that engage in efforts to develop new or improved software can re-capture many of their expenditures associated with the development process, through the Research and Development Tax Credit. Additionally, due to the release of new regulations, companies that historically could not take advantage of the R&D Tax Credit due to limitations on eligibility can now potentially capture more expenditures incurred in the design, development, and functional testing of innovative software utilized to improve various internal aspects of their business.
Which software-related activities can qualify for R&D tax credit?
There is a strong chance that companies developing software in any industry are undertaking activities that qualify for R&D tax credits.
Software development activities that can qualify for R&D tax relief include:
- Developing and testing new or improved source code
- Design of interfaces, databases, and modules
- Development and refinement of functional specifications
- And many more…
Our software specialists can help you claim R&D tax incentives
At Ayming, our industry-specific R&D tax specialists take the time to truly understand how your business innovates in order to uncover all eligible spend that may qualify for R&D tax incentives.
With hands-on experience and intricate knowledge of the software development industry, our experts work hard to incorporate all relevant innovation and research activities carried out by your company into a comprehensive claim for tax credits.
Download your free factsheet
We’ve put together a handy summary of research and development in the software development industry.
Simply fill in your details to download your free factsheet and learn more about developing your business with R&D tax incentives.