Key Considerations
A commonly overlooked opportunity is where a client incurs a significant spend to improve their internal efficiencies and reporting. In many cases off the shelf products don’t have the capabilities to provide end to end solutions. Companies are often required to develop solutions in areas such as stock management systems, time management software and tracking solutions.
In addition, any off the shelf solutions usually need integration with existing systems therefore project costs are incurred to modify the solution in order to meet the company’s functionality requirements.
Success does not have to be a requirement to qualify for R&D Tax relief. If you have tried and tested projects in the past that have failed, they can still qualify for R&D tax relief.