Leicestershire software and web development company Iosys, based in Coalville, are busy debunking myths that software and web development spend is a cost to a business.
Craig Johnson, MD at Iosys, said, "Many businesses resist making vital updates to their software systems and / or websites because they see it as 'just' a cost to the business (a necessary evil as it’s been referred to) rather than the asset it really is. Carefully considered and well implemented software systems and websites will help give any serious business the growth and profit it needs. This isn’t about cost, this is about competitive advantage!"
To help get the message across Iosys are adding information into proposals on grant funding availability and R&D Tax Credits. Added Craig, "Did you know that innovation, including software and eCommerce innovation, can recoup you anywhere between 9p and 26p in every pound you spend? Not only that but the Intellectual Property that you may generate as a result of the innovations you create can be protected and, given the right circumstances and forward planning, boost your Balance Sheet.
"Now, we’re software and web developers not R&D Tax Credit experts or IP attorneys but from the meetings I’ve had with both, there are clear advantages & opportunities for ambitious, growing businesses. At Iosys we work closely with randd uk and Howes Percival to ensure our clients get the right advice at the right time and fully maximise these opportunities. Those conversations have already helped several of our clients and we know that we’ve only touched the tip of the iceberg.
I urge any company to explore these avenues further. It may just give you the competitive advantage you’re looking for!"