Recent Updates to 2017 Research Tax Credit Payroll Offset Claims

Written by Warren Averett on February 13, 2018

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.