Is Your Start-Up Conducting R & D? – Don’t Miss Out on Valuable Tax Credits

Is Your Start-Up Conducting R & D? – Don’t Miss Out on Valuable Tax Credits | Neil Bass

In existence on and off since 1981, the research tax credit continues to act as an economic stimulus, encouraging investment within the U.S. The credit expired 8 times and has been extended 15 times since its inception in 1981. Finally, with the passage of the Protecting Americans from Tax Hikes of 2015 (the 2015 PATH Act), the research tax credit became permanent. In addition to its permanency, the 2015 PATH Act allows eligible small businesses with gross receipts of $50 million or less to use the credit against the alternative minimum tax (AMT) liability, and smaller “start-up” businesses may use the credit towards the employer’s Social Security portion of the employer’s payroll tax (FICA) liability.

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