Software Development R&D Tax Credit
The R&D Tax Credit for Software Development allows companies to deduct a portion of their eligible research and development (R&D) expenses from their taxes. This can be significant savings for companies engaged in software development, as it can help offset the costs of developing new software products or improving existing ones.
The R&D Tax Credit for Software Development is available to software developers engaged in software development activities such as designing, coding, testing, and debugging software.
Qualified research activities for the R&D tax credit include experimentation and analysis to achieve technological advancement. This could consist of developing new algorithms or improving existing ones, designing new software architectures, or developing new methods for testing software.
The R&D tax credit can be a valuable tool for companies engaged in software development. By offsetting the costs of qualified research activities, the credit can help reduce the overall cost of developing new and improved software products.
R&D Tax Credit for Software Development
Ready for data
Automated R&D Tax Credits for Software Development
The Boast platform gathers data from your technical and financial systems to identify and categorize eligible projects, time, and expenses—estimating along the way instead of only at the end—and getting you more money, faster, for less time, and risk.
Audit-ready documents-project tickets, timestamps, expenses
Easy process-less work with Boast expert help
2x industry audit win-rates
90% less time to prepare for an audit
The BOAST advantages
Ready for data
Putting Your Data to Work—The Easy Way
Boast’s platform offers a wide range of integrations to help you to get your claims approved in less time and with greater ease
Payroll
Accounting
Project tracking
Best decision
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.