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