The R&D Tax Credit is the biggest tax credit available to U.S. businesses, yet also one of the most underutilized.
Download R&D Tax Credits in the Software & Tech Industry Now
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 specialists can help you make a successful claim
Ayming USA has the expertise to review the time tracking, contractual agreements, and other industry-specific documentation to deliver accurate results.
Our industry-specific consultants have hands-on experience and knowledge of the Software & Tech sector. We always take the time to truly understand how your company innovates so that we can expertly identify all qualifying expenditures to help you make a successful claim for R&D tax credits.
Download your free factsheet
We’ve put together a handy, streamlined summary of research and development in the Software & Technology industry. Simply fill in your details to download your free factsheet and learn more about building your business with R&D tax incentives.