Young_Upstarts_ThumbnailWith tax filing deadlines right around the corner, alliantgroup Senior Associate Director Margorie McLenan reminds entrepreneurs and executives in the software and tech space of an opportunity that could make all the difference in ensuring their future success.

In her article appearing in Young Upstarts, “Why 2016 Will Be a Turning Point for Startups and Other Software and Tech Firms,” McLenan covers the benefits of the Research and Development (R&D) Tax Credit for both startups and more established software and technology companies. According to McLenan, software and tech firms have always been among the best candidates for the R&D Tax Credit—and due to two key modifications made to the credit as a result of last year’s bipartisan tax deal, many previously ineligible companies will now be able to take advantage of its valuable, tax-saving benefits starting in 2016.

Of particular interest to newer software and technology companies should be the startup provision—a modification that will allow many of these innovative businesses to be able to claim the credit for the very first time.

Contact us today for more information on the recent expansions made to the R&D Tax Credit and what is means for the software and tech space.