R&D in software development
Software Development is an increasingly prominent sector for R&D Tax credits, particularly here in the UK, where SAAS businesses form an important part of the modern economy.
Aspects of software development that are eligible for the R&D tax credit
There are certain requirements that have to be met for a company to qualify for the tax credit. Factors that are considered include:
In the development of software, there are certain elements that are considered eligible for R&D tax credit. They include: