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Time is Running Out – Don’t Miss Out on A Great Tax Benefit!

Time is Running Out – Don’t Miss Out on A Great Tax Benefit!

If you are a company that “innovates” there’s a well-known, but so often under-utilized, tax credit sitting there, waiting for you to claim. The Research & Development credit, once only available to companies that were profitable, may now be utilized by companies in start-up mode that are spinning off losses as a credit against the employer share of FICA beginning in 2017!

If you are a technology company with employees or subcontractors engaged in code development you are likely already contributing to the largest bucket of deductible expenses that are factored into computing the credit!

Regardless if you are a C-Corp, S-Corp, Partnership or Limited Liability Company, in business for six months or 60 years, some form of this credit could be available to you.

Our team of R&D experts in our Technology Niche Practice is ready to jump on this year-end planning opportunity and will help you to identify dollars that you might otherwise be leaving on the table.

Our team understands the IRS requirements in this area and will help you to properly document, account and identify expenses that qualify in computing this credit. Reach out to us today or email me directly at jbourke@withum.com and we’ll get you and your company plugged into maximizing the benefits that you deserve!

 

What Qualifies as Research?

 

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