Uncover tax savings
Want to earn money back from the IRS for your research and development expenses?
Today, pre-profit and pre-revenue startups also benefit from using the R&D tax credit to offset federal payroll taxes as they grow their team and the alternative minimum tax (AMT). These changes are great because it’s likely that a large part of any business’s research and development expenses happen in your first few years of business. This is also especially beneficial for SaaS startups that tend to have negative income and high payroll taxes.
If you’re making technological research advances as you develop a new product, then you could save your company a significant amount of money.