Recent Updates to 2017 Research Tax Credit Payroll Offset Claims

Beginning in 2016, qualified small businesses now have the ability to offset up to $250,000 of their FICA payroll taxes with their federal Research Tax Credits (RTCs). With the first available tax year for this provision behind us, it has proved itself a very beneficial cash savings opportunity for start-ups. As companies plan for 2017 tax return filings, there are some recent developments and timing considerations to note.

Click here to learn more about this cash saving opportunity.