If you are in the software industry you will be aware of the expensive and rapidly rising costs of development activities. In particular the software effort for the game development cycle has become increasingly difficult to sustain. Many companies are feeling trapped by rising overheads and have been reluctantly forced to consider outsourcing development activities to compensate. Luckily, tax incentives based on past developments (successful or not) are available to software companies, cash coming into the company that can ensure crucial product developments remain in-house and even be the factor that keeps a company running. More often than not, software companies will discover that they qualify for the benefits of the R&D tax credit by accident. Loads are simply unaware of its existence or assume (or are even told by professional advisers) that it doesn’t apply to them. If your company has invested time, money, and resources toward the advancement and improvement of designs and processes, then you most probably will meet the requirements of the R&D tax credit. More gaming development activities may qualify than you first think. In addition to designing and testing new games, software coding, hardware development, and iterative testing can all be eligible for this tax break. If you are a game developer and the above activities sound in any way similar to what your company does on a day-to-day basis, the R&D tax credit is an available and powerful government endorsed incentive to which you are probably entitled. If you would like to find out how you also can obtain thousands to millions of dollars in tax credits, read on. The R&D credit is a reward for UK Companies that perform research activities that fit the HMRC’s broad guidelines. You do not have to be writing truly ground-breaking software, but you must show that you are driving the industry understanding forwards. It’s a lot easier than it sounds!. Game developers simply need to develop new or improved software features or functionality and go through a development process. It is important that there is the possibility of failure in the development. Indeed the costs of unsuccessful projects are also eligible. If you don’t ask, you won’t receive You do not need to be a big company, indeed smaller companies benefit from claiming relatively larger amounts that big companies can. Sadly, it remains the case that the two biggest roadblocks for businesses taking the R&D tax credit iare wrong professional advice and self-censorship. It was recently 19 out of 20 small and medium businesses that are eligible for tax incentives, such as the R&D tax credit, fail to take advantage. Small and medium business owners frequently think that only Nobel Prize winners and rocket scientists...