Surgent's How the R&D Credit Benefits Small and Start-Up Businesses (RDCB)

Description

Not only was the R&D tax credit made permanent but it now includes two provisions that can enormously benefit small businesses, including business startups. Starting in 2016, small businesses can now take the R&D tax credit against their AMT and a qualified small business may also take the R&D tax credit against its payroll taxes for up to five years. This program will help tax practitioners advise their small business clients with regard to these two tax saving opportunities.

Highlights

• Overview of the R&D credit, including eligible expenditures and calculation
• Opportunity to take the R&D credit against payroll taxes
• Opportunity to take the R&D credit against the AMT
• What kind of research is eligible for the R&D credit?
• What is a qualified small business, for purposes of the ability to use the R&D credit to offset payroll tax?

Objectives

• Explain how the R&D credit applies to small businesses
• Explain how and when the R&D credit can be used against payroll tax

Designed For

Any tax practitioner who will be advising clients regarding the potential application of the R&D credit