Understanding the R&D Tax Credit Incentive
Qualified Small Businesses (QSBs) can utilize a re-designed federal Research and Development (R+D) tax credit, receiving the benefits more immediately. QSBs are able to elect to apply the R+D credit toward their payroll tax liability rather than their income tax. This allows companies to take advantage of the credit before profit is generated.
Join Kevin McNulty, a Principal in Withum’s National Tax Services Group and leader of the R+D Tax Credit initiative, as he provides more details and insight into the R+D Tax credit. Kevin will emphasize recent favorable items for the taxpayer, including:
- Permanency of the R+D Tax Credit
- Final internal-use software regulations
- Refundable potential for small businesses
- And more.
Don’t miss your opportunity to learn how your company can take advantage of this tax credit now.