Did you know?
Changes made to the Federal Research & Development (R&D) Tax Credit means more money in your company’s pockets this filing.
We are seeing big savings ahead for qualified small businesses and startups in 2017.
R&D Tax Credit Changes:
Permanency
The new law has no expiration.
What this means: Savings can now be strategically planned for and made part of the company’s long-term budgeting goals.
No AMT Restrictions
Individuals and companies paying Alternative Minimum Tax (AMT) with less than $50 million in average sales over the last three years can better utilize the credit.
What this means: A company could effectively eliminate personal and business federal tax liabilities.
Payroll Offset
Companies with less than $5 million in gross receipts and who have revenue for fewer than five years will be able to use the credit to offset Federal (FICA) payroll withholding.
What this means: A startups delight! Regardless of profitability, startups can reduce payroll tax liability by up to $250,000 per year.
What will this savings mean to you and your business?
To explore your opportunity today, contact: Ari Palmer, Business Development Director, 844-463-4400 (toll-free); [email protected]