About R&D Credits
In 2015, the Protecting Americans from Tax Hikes (PATH) act expanded and made permanent certain benefits to start-ups and small businesses. The R&D tax credit, which was previously temporary and historically only available against the income tax, can now be claimed as offsets to quarterly payroll taxes providing start-ups with up to $250,000 of cash per year for 5 years even if they are in losses.
Frequently Asked Questions
→ When can I start using these credits?
→ How soon do I need to take action on this opportunity?
→ How do I determine my company’s payroll tax liability?
→ What happens to unused credit?
→ What are qualifying activities & eligible R&D costs?
→ Are there any associated risks?
→ I am not a small business, does any of this apply to me?