Fireside Chat: Payroll No Longer Fully Tax Deductible In 2022?!

R&D Capitalization makes its crash landing onto 2022 tax returns!

Historically, companies performing R&D have enjoyed a full deduction for these costs and likely an R&D credit to boot. R&D Capitalization rules taking effect in 2022 could turn an expected tax loss and/or credit into an unexpected tax bill. Discover how R&D Capitalization might affect your tax return and, more importantly, the tools Withum has prepared to combat a phantom income situation.    

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For more information on this topic, please contact a member of Withum’s R&D Tax Services Team.