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Corporate Headquarters

10620 Southern Highlands Parkway Suite 110-473 Las Vegas, NV 89141

Payment Remittance

PO Box 735017, Dallas, TX 75373-5017

DID YOU KNOW?

Much of the software coding and testing, as well as version improvements, performed by software companies may qualify for sizable federal and state R&D tax credits.

BRAYN’s expertise includes industry-standard tracking and job costing software, which provides for efficient cost analysis and excellent substantiation.

The R&D tax credit is based on “qualified research expenses” (QREs) – for every dollar spent on QREs, you can earn up to 8.0% in federal tax credits! Additionally, over 40 states offer similar R&D tax incentives that can double benefits in some cases.

SOFTWARE COMPANY CASE STUDY

ITEM	AVERAGE ANNUAL AMOUNT
Gross Revenues	$ 10,000,000
Total Payroll	$ 1,850,000
Qualified Research Expenses (QREs)	$ 1,250,000
Net Federal Credits	$ 82,500
Net State Credits	$ 37,000
TOTAL NET FEDERAL AND STATE CREDITS	$ 119,500

ITEM

AVERAGE ANNUAL AMOUNT

Gross Revenues

$ 10,000,000

Total Payroll

$ 1,850,000

Qualified Research Expenses (QREs)

$ 1,250,000

Net Federal Credits

$ 82,500

Net State Credits

$ 37,000

TOTAL NET FEDERAL AND STATE CREDITS

$ 119,500

QUALIFYING ACTIVITIES

◾ Enterprise Architecture

◾ Flowcharting Software Logic

◾ Programming Software Source Code

◾ Improving Upon Open-Source Software Codes

◾ Compiling and Testing Software Codes

◾ Unit, Integration, Functional, Performance, and Regression Testing

BRAYN Consulting LLC is a niche consulting firm that empowers your business through specialty tax incentives. BRAYN is not a CPA firm, finance, tax, law, or engineering firm, and nothing contained herein can be construed as legal, financial, accounting, tax, or engineering advice.
IRS Circular 230 Disclosure – To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code, or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.

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SOFTWARE COMPANY CASE STUDY

QUALIFYING ACTIVITIES

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