According to former Senior Counsel to the U.S. Senate Finance Committee and alliantgroup National Managing Director, Dean Zerbe, this year is already shaping up to be a banner year for startups. Thanks to congressional action taken at the end of 2015, small businesses, along with CEOs and investors of innovative software and technology companies, are now in position to greatly profit from several pro-taxpayer changes made to the Research and Development (R&D) Tax Credit.
In his article appearing in the Central New York Business Journal “The R&D Tax Credit: Major Changes, Big Tax Savings for Startups, Small Businesses,” Zerbe breaks down the recent changes made to the credit and why this is such big news for U.S. businesses. As he notes in the article, not only was the credit made permanent for the first time in its 34-year history, the credit includes two major expansions specifically designed for the benefit of startups and small businesses.
Contact us today for more information on the new legislation and its impact on the R&D Tax Credit.