Software
DID YOU KNOW?
- Much of the software coding and testing, as well as version improvements, performed by software companies may qualify for sizable federal and state R&D tax credits.
- Expertise includes industry standard tracking and job costing software, which provides for efficient cost analysis and excellent substantiation.
- The R&D tax credit is based on “qualified research expenses” (QREs) – for every dollar spent on QREs, you can earn up to 8.0% in federal tax credits! Additionally, over 40 states offer similar R&D tax incentives that can double benefits in some cases.
SOFTWARE COMPANY CASE STUDY
QUALIFYING ACTIVITIES
Enterprise Architecture
Flowcharting Software Logic
Programming Software Source Code
Improving Upon Open-Source Software Codes
Compiling and Testing Software Codes
Unit, Integration, Functional, Performance, and Regression Testing