What is the Office Software R&D Tax Credit?
The R&D Tax Credit is a United States government incentive that can be enjoyed by businesses who engage in research and development (R&D) for office software. This tax credit is designed to encourage organizations to invest in creating productivity programs and tools by offsetting the cost of software publishing or improvement. It can be claimed against the costs of salaries, raw materials, and other expenses incurred during the R&D process.
To qualify for the R&D Tax Credit, office software businesses must possess an existing product or service that they seek to improve through R&D. Additionally, companies must demonstrate that they are engaged in a qualified activity like designing, developing, or testing new productivity software. This tax credit is available to both small and large businesses.
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Payroll
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R&D tax specialists have your back
In-house experts prepare and validate your claim, applying their collective decades of experience in finance, tax, and technology to maximize your eligibility. Regular check-ins throughout the year mean you are always making the most of your innovations without the end-of-year deadline scramble.
