R&D Tax Credits for Financial Services

The financial services industry is no stranger to innovation, and software development plays a critical role in achieving a competitive edge. This focus on bespoke solutions opens doors to claiming valuable R&D tax credits.

Here's why financial services companies qualify:

  • Developing in-house software: This is prevalent across various segments, including insurance, banking, trading, hedge funds, and investment firms.
  • Integrating disparate systems: Merging new bespoke software with existing legacy or third-party systems often involves technical challenges and experimentation, qualifying for the credit.
  • Contracting out development work: Even when using external contractors for development activities, companies can still claim the credit.

By recognizing the R&D opportunities within their operations, financial institutions can unlock substantial tax savings and fuel their ongoing journey of technological transformation.

case study
Financial Services
Founded over 15 years ago, this mid-sized hedge fund manages around $5 billion in assets primarily for pensions, endowments, and foundations. With strategies that span various asset classes globally, the company has positioned itself as a major player in the financial industry.

R&D Tax Credit Qualification for Financial Services

The firm’s software development activities involved extensive research, testing, and collaboration among traders, developers, and risk managers. Projects typically ranged from developing advanced trading algorithms to building comprehensive risk management systems. The R&D was an ongoing, iterative process aimed at optimizing the firm’s trading performance and risk management capabilities.

Share your contact details

Thank you! Your submission has been received!
Download Case Study
Oops! Something went wrong while submitting the form.

R&D Tax Credits with

With our consultative approach to the research and development tax credit, we invest time understanding each client’s history, current business direction, and future growth objectives. Each year we re-evaluate a company’s ability to accept the tax credit and provide on-going recommendations to improve the R&D tax credits process.

We proudly support a recurring service to more than 92% of our clients.