DID YOU KNOW?
- Much of the software coding and testing, as well as version improvements, performed by software companies may qualify for sizable federal and state R&D tax credits.
- BRAYN’s expertise includes industry-standard tracking and job costing software, which provides for efficient cost analysis and excellent substantiation.
- The R&D tax credit is based on “qualified research expenses” (QREs) – for every dollar spent on QREs, you can earn up to 8.0% in federal tax credits! Additionally, over 40 states offer similar R&D tax incentives that can double benefits in some cases.
SOFTWARE COMPANY CASE STUDY
|| AVERAGE ANNUAL AMOUNT
|Qualified Research Expenses (QREs)
|Net Federal Credits
|Net State Credits
|TOTAL NET FEDERAL AND STATE CREDITS
◾ Enterprise Architecture
◾ Flowcharting Software Logic
◾ Programming Software Source Code
◾ Improving Upon Open-Source Software Codes
◾ Compiling and Testing Software Codes
◾ Unit, Integration, Functional, Performance, and Regression Testing