As an extension of the R&D tax credit, the payroll tax credit refers to a new opportunity for taxpayers who are deemed “qualified small businesses” and perform qualified research to offset up to $250,000 of the employer portion of FICA payroll tax, starting as early as the 2nd payroll tax quarter in 2017.
This is an especially great opportunity for start-ups performing R&D!
¤ BRAYN Consulting LLC is a niche consulting firm empowering businesses with specialty tax incentives. Our team of experts collaborates with your CPA firm to maximize your tax benefits. Together, we drive your business prosperity.
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