- App Development
- Material Science
- Biotech Producers
- Device Manufacturers
- Software Developers
- Web Publishers
- Medical and Pharmacology
- Life Sciences
- And many others
New in 2017, qualified small businesses can use their credit to offset payroll tax. A qualified small business must have:
- Less than $5 million in gross revenue in the credit year.
- No gross receipts for any year preceding the five-year period ending with the credit year.
Qualified small businesses can:
- Claim up to $250,000 R&D tax credit against their payroll taxes each year.
- Claim the credit every year they qualify!
Even companies that are not qualified small businesses can receive an income tax credit related to R&D activities. To learn more and begin filing, contact us at (614) 928-3354 or firstname.lastname@example.org.
Calculate Your Credit Now
Use our simple calculator to see if you qualify for the new payroll offset, and if so, by how much.