R&D Tax Credit for Software

Companies involved in the Software Industry and those companies that develop software to support their business operations conduct significant amounts of qualifying research and development while creating program logic, algorithms and software code that permits the relevant operating environment to perform adequately. The development of software code typically entails iterative program design, coding, and processes of experimentation that allow the programmers to determine the appropriate software configurations for the envisioned applications. Examples of software development activities that present R&D tax credit opportunities include:
  • Developing software that is intended for sale, lease, license or third party use
  • Developing computer software for a microprocessor-based control system that operates and monitors a production machine
  • Developing computer software for a computerized control system that regulates the operation of a fabrication process
  • Developing an internal-use software system that collects production information and generates sets of management and accounting reports

Businesses in the Software industry are likely candidates to receive cash benefits from an R&D tax credit study. Intrepid Advisors' experts can deliver maximum benefits for each tax year.

Company Profile

Annual Revenue:
$25 - $50 Million

Employees:
25 - 50

R&D Tax Credits

Federal R&D Tax Credit:
$730,841

State R&D Tax Credit:
$278,610

R&D Tax Credit for Software

Learn More About R&D Tax Credits