Uncovering SR&ED for the Tech Sector

Successful technology organizations are relentless in their quest to deliver cutting-edge technology. Companies that fail to adopt this outlook are rarely successful and often succumb to more innovative competitors.

To achieve their goals and systematically overcome technological obstacles, organizations are forced to draw on experimentation and scientific analysis. Efforts to improve the reliability, security and general functionality of products are often only made possible through investments in these areas.

In addition, basic decisions and development iterations related to overall product architecture, third-party integration, performance metrics, throughputs, data structures and algorithms, development platform bugs and/or limitations are commonly seen as byproducts of methodical R&D.

A considerable portion of the costs associated with these activities qualify for tax credits or cash refunds under the Scientific Research & Experimental Development (SR&ED) program. Despite this, technology companies of all sizes face several misconceptions about SR&ED eligible work. Many organizations have been discouraged from participating or simply fail to claim qualified work. At BeneFACT, we help eligible information technology companies uncover, claim and maximize their SR&ED tax credits.

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