SOFTWARE & IT
It's commonly thought that software development is ineligible for the RDTI (see our blog). But it's not necessarily so!
We can show you how to construct a research project around your software development and then make the whole endeavour eligible for the RDTI program.
The ATO and the Department of Industry, Science, Energy and Resources have observed issues with R&D tax incentives claims by companies in the information technology and software development industries where:
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R&D claims made on whole of project basis not considering each of the activities and applying the relevant legislation to determine which activities are R&D activities.
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The software experiments are not clearly articulated in the R&D registration forms.
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Technical uncertainties are not clearly identified.
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Expenditure is incurred in acquiring, or acquiring the right to use, technology that cannot be claimed as a notional deduction.
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Expenditure is being apportioned between R&D activities and ineligible activities in an unreasonable manner.
Your R&D Certainty industry consultant is Marty