The software industry represents a fertile field in terms of R&D activities
If your Company is engaged in software development or engineering, it can potentially qualify for R&D tax relief. However, software claims are usually complex as identifying R&D in software development is delicate.
At Bonham & Brook, we follow a comprehensive process to ensure that your projects meet the requirements and criteria set by the IRS for the R&D tax credit. Here’s what we evaluate:
It’s worth noting that your project doesn’t have to be successful or fully completed to qualify for the R&D tax credit.
If you answered yes to any of these questions, we encourage you to reach out to us to discuss your eligibility. We’re here to help, even if you’re not sure whether your project qualifies.
The following activities are examples of software projects that potentially qualify as R&D activities
The following activities are examples of software projects that usually fail to qualify as R&D work:
Our team of sector specialists, software consultants, accountants can help uncover R&D expenditure in software projects that other advisors may miss. Schedule a free appointment with us to determine your eligibility and total R&D tax position, and let us create a claim that minimizes your potential exposure to HMRC inquiries and maximizes your benefits.
Please get in touch and a member of our team will get back to you immediately.