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Software developers often do not realize that they are eligible for the Research & Development (R&D) tax credit. The R&D tax credit allows companies to realize tax savings, increase cash flow and stay competitive in the marketplace. Many of the qualifying activities are considered day-to-day operations for these companies. However, software developers are typically very good candidates for this incentive.
The benefits can be significant and are efficient to realize through our services. The R&D tax credit can provide a hidden but immediate source of cash for software developers from prior years, plus a significant reduction to current and future years’ federal and state tax liabilities.
We have a dedicated team providing R&D tax credit services to software developers and have assisted in over $300 million in federal and state R&D tax credit claims across the country.
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