Your software & technology company may be eligible for the R&D credit.

Software and technology are a booming part of the U.S. R&D market.  This sector has not only continued to show growth recently, it has more utility patent applications than any other industry.  While patents are not required for claiming a credit, and not all good ideas get patented, they are a good indicator of a market sector rife with qualified activities and subsequent tax reductions. 

The following list provides some examples of the qualified activities that can generate tax refunds or reduced tax bills:

• Designing and Writing Code;

• Developing Software Architecture and Infrastructure;

• Beta Testing;

• Developing Firmware; and

• Improvement of Existing Features & Functionality.