Business Incentive Solutions

Profit Recovery and Smarter Cash Management

As incentive tax credits are dollar-for-dollar, common sense would dictate that software and technology companies with skilled, highly paid employees would be the greatest beneficiaries. With higher wages and employee work hours that can be tied directly to eligibility, incentives such as the R&D credit are tailor-made to reward the daily innovation of software developers — and the numbers are there to prove it.

For example, a BIS client who is a software developer received over $1 million in federal credits for creating applications allowing companies to more effectively administer user accounts. The application provided improved functionality, allowing users to generate requests for multiple systems using one request form.Technology and software development go hand-in-hand with R&D and other government-sponsored credits, and now is the time for software developers take advantage of the benefits.


Examples of software applications for any industry that may be eligible for R&D tax incentives include:


  • Accounting and Financial Software
  • Digital Asset Management Systems
  • Logistics Management Software
  • Document Management Systems
  • Educational Software
  • CRM Software
  • Database Management Systems
  • Analytical Software
  • Video Games and Game Creation Software
  • Food SoftwareMarketing Software

"As a business, we had no idea just how valuable credits would be for us.  What a surprise when we received the check from the state..."

More testimonials here

THE 3 PHASES of the R&D STUDY


Phase 1: Feasibility
Our work during Phase 1 focuses on obtaining an understanding of your company’s QA's (qualified  business activities).


Phase 2: Design & Implementation
In Phase 2, BIS designs a detailed work plan and executes the associated implementation strategy. 


Phase 3: Reporting
This phase includes the preparation and delivery of the detailed R&D Study and its quantitative and qualitative components serving as the company’s documentation supporting the R&D tax credits claimed.


Other Industries click here

SOFTWARE & TECHNOLOGY

Most companies in the software technology sectors are not properly advised as to the available federal and state tax credit benefits.