R&D Tax Credits for Software & Tech Developers
Companies within the software and tech sectors, large or small, must innovate or they’ll soon be left behind. Whether it’s developing new software to improve manufacturing processes, creating new heads up display interfaces for auto manufacturers, or creating new graphics engines for the gaming industry, many companies in the software industry under-utilize tax credits offered for research and development expenditures. Ayming USA’s expert help these companies access additional cash flow available through R&D tax credits.
Does your business operate in the Software & Tech sector?
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 tax specialists can help you make a successful R&D tax credit claim
Ayming USA has the expertise to review the time tracking, contractual agreements, and other industry-specific documentation to needed deliver accurate results and improve your company’s access to R&D tax credits. 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.
