If your company develops software applications in any industry, there is a strong chance that you could be eligible for the R&D tax credit. The software a company develops does not have to be groundbreaking in order to qualify – it only needs to seek improvement, or testing for a change. Therefore, there is generally a significant amount of R&D-eligible effort required to design software.
Examples of Qualified R&D Research Activities for Software Development
Development of software for any industry can qualify- ranging from sectors of accounting and financial, education, food and beverage, medical and healthcare, marketing, manufacturing, and more. Task-specific software like claims processing, database management, time and resource management, distribution software are eligible. Even video games and game creation software development can qualify. Below are some development activities that could indicate your activities are eligible for this credit.
Get Started with Avizo
Ready to see if your business qualifies? Schedule a consultation with our team to explore your potential R&D Credit benefits. We’ll guide you through the process and make it easy to take advantage of this powerful tax incentive.
Elizabeth Hope
Elizabeth is a Supervisor in our tax department. With over six years of experience, she enjoys the opportunity to dig into unique strategies to help our clients minimize tax liabilities.
