R&D Tax Credits for Enterprise Software Development: over £90,000 in government funding claimed by software development company under HMRC scheme.
This case study explores the Research and Development tax credits claim made successfully by a software development company. The claim concerned an online performance analysis platform, and was worth £90,000.
The client developed a web-based platform to discover, consolidate and visualise data. This includes internal, external and 3rd party data. This consolidation facilitates back office functions in large organisations, allowing them to monitor performance and compare to competitors.
The client overcame uncertainties around scalability by using cloud services. They also established reliable access to external and 3rd-party data. This was done with the use of APIs & latency in relation to processing and presenting real-time data.
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At R&D Expert, we are increasingly identifying many companies working in the sector that could benefit from this important source of funding. Many more businesses can increase funding for further innovation by claiming as much as they are entitled to in R&D Tax Credits for Luxury Cosmetics product development.
Unfortunately, due to confusion over the government-backed funding, many companies are yet to claim the tax relief or cashback they deserve. We generally see businesses falling into two categories. First of all, businesses that are yet to claim at all as they do not realise they are eligible. Another scenario we regularly see are businesses not receiving the credit they deserve because they have not optimised their previous claims. However, we have many examples of previous success stories. So, it is always worth speaking to a Specialist. Because only the minority of cases are straightforward.
How do I know if my software development company could claim R&D Tax Credits? Consider:
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We are here to help. If you would like to know more about R&D Tax Credits for software development or you would like to arrange a free consultation with our team of R&D Experts, get in touch today. We will be happy to discuss whether any innovative projects your company has developed may be eligible for R&D Tax Credits. Apply now or get in touch with us today: firstname.lastname@example.org T:0333 050 3995.