If your business concerns software development, then there is a greater chance that your innovation could be eligible for the government’s R&D tax incentives. We have already seen a lot of SME’s that have developed in the IT & Software sector, hence, it is time for your business to take advantage of this scheme!
Software has continued to evolve. For instance, the number of well-established branches have continued to develop including mobile, cloud, AI, etc. Additionally, new applications for software has also developed such as augmented reality, robots, IoT and more are yet to come.
Any company that is involved in software development could be legible for R&D tax relief:
Software houses: Might develop and iterate software, provide business tools, Software as a Service (SaaS), or enterprise resource planning (ERP) systems.
Software development companies: Basically, a company that employs teams of software developers who can assist other businesses in their software projects.
Businesses that develop software in-house: Any business that conducts a bespoke software development project.