Chartered Accountants
R&D – Software development
Sector – Software development
Company Size – £1-5m Turnover
Qualifying Costs – £161,879
Our client is a software development business operating in the North of Scotland.
What type of work does the company do?
The company specialises in the development of video compression systems and multimedia streaming.
What R&D work was completed?
In the period of the claim, the company designed a way for its software to incorporate an embedded timecode track for the benefit of users. Significant enhancements were made to its ability to provide a ‘watch folder’ facility. The company also continued to develop an innovative solution to semi-automated patent analysis. In the current claim, a claim tracker was developed along with a solution to integrate with mobile and tablet platforms.
What was the outcome?
As a result of the R&D claim, our client received tax savings of £39,984.
