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Please contact us to discuss how working with Myriad Associates can maximise and secure R&D funding opportunities for your business.
Firstly ask yourself a very simple question. Does your software project try to seek an advance in technology or a resolution of uncertainty? If your answer to the question is yes or even a maybe then you are most likely undertaking projects that are eligible for R&D tax credits.
Ok, tell me a bit more about types of development that would qualify. (taken from the BIS guidelines).
Also the development of new features and functions for existing software packages may qualify if there is an advance in technology or the resolution of technological uncertainties.
Research and Development (R&D) tax credits are primarily a tax relief. They are the biggest incentive provided by Government for investment in R&D. A retrospective claim for the last two financial year’s can be made and the current opportunity for SME’s is that they can claim up to 30% back of their staff costs, consumables and sub-contract costs. The tax credit can be offset against the corporation tax bill or as a payable credit up to the value of the PAYE/NI payments. If you would like to find out if you qualify, then please feel free to contact us by whatever by your prefered method. We would be delighted to answer any questions that you have.