What is R&D in the Software industry?
R&D doesn’t have to mean reinventing the wheel: it's also solving problems that your business faces on a day-to-day basis in a new way, or having to overcome a challenge that doesn’t have a straightforward solution.
Typically, companies that fall under the following are likely to qualify for R&D tax credits:
- Any company that is developing a software technology
- Companies that have software experts that provide their services externally
- Companies that develop and upgrade Software as a Service (SaaS), business tools or enterprise resource planning (ERP) systems
- Businesses, other than software/IT companies, that perform custom software development in-house
If you’re taking a risk by spending money on creating new products, processes, services, devices or knowledge (or developing and improving what already exists) then it’s likely that you’re carrying out R&D which the government credits can reward.
Over £9.6bn in government support is paid to innovative businesses each year through the following schemes:
R&D Tax Credits
Corporate tax relief that reduces a company’s tax bill or provides a cash sum
Receive a non-repayable lump cash sum for a specific project
Lower corporation tax on profits made on patented inventions
Pay zero tax against any incurring expenditure related to R&D activities
How it works
For many software businesses, innovation tax incentives provide the most effective way to fund foward-thinking ideas, enabling your business to develop and maintain a competitive advantage. Failing to assess whether you can claim can mean missing out on vital financial support which can enable growth.
By answering 16 multiple-choice questions on your business, we will give you a score against each of the government’s four main relief incentives: research and development tax credits, grants, patent box, and research and development allowance.
These scores tell you whether or not you should be applying for each scheme. The higher the score, the bigger the opportunity is for you to claim.
Who we are
We are a specialist team of tax R&D incentive advisers founded on outstanding client service. Combining in-house talent, technology, and technical expertise, we help innovative companies of all sizes access millions of pounds of government money through tax incentives designed to encourage innovation.
It’s our mission to enable forward-thinking businesses, like yours, to create new products, new ways of doing things, and solve challenges to overcome obstacles and ensure sustainable growth.
We work with pioneering tech companies:
“From day one, Kene Partners’ professionalism and organisation put us at ease. The savings and rebates against corporation tax have been substantial, and therefore the business cash flow has been improved. This has been especially welcome during the pandemic, and has allowed us to ride out what was a very challenging set of circumstances.”