Changes to the R&D Tax Credit: New Opportunity for Early Stage Companies
EKS&H presents this Lunch & Learn on how R&D Credits Can Now Offset Payroll Taxes
Attend this session at Innosphere to learn how small businesses can put cash back in their pocket by reducing payroll taxes when they take advantage of the new research credit rules. Taxpayers and practitioners can breathe a long-awaited sigh of relief because the research and development (R&D) tax credit has been made permanent. What’s more, due to some very generous enhancements to the credit rules, it is now more attractive than ever for a large number of companies that previously saw little or no benefit in claiming the credit. Namely, the credit is now available to offset alternative minimum tax (AMT) as well as payroll tax for certain taxpayers.
Unlike most other companies, which bring in sufficient revenue to offset costs, early stage companies often bring in little or no revenue, although they must still cover considerable expenses related to research and development (R&D). This situation puts these early stage companies in a unique position regarding taxes. That’s why we’re excited to bring in EKS&H who can answer all questions on audit and tax!
