Thumbnail-CFODean Zerbe was recently published in CFO magazine. In his new article, Dean highlights the recent legislative changes that have made the R&D Tax Credit permanent and allowed start-ups and smaller businesses to claim the credit for the first time. These amendments kicked-in for the first time this tax season, so it is crucial that businesses understand how they work. The first change is the start-up provision, which allows start-ups that are not yet profitable (and consequently do not have a tax liability) to claim the R&D Tax Credit against payroll taxes. The second change is the alternative minimum tax (AMT) turn off. Businesses with less than $50 million in gross receipts for the previous three years can now use the R&D credit to offset regular and AMT tax liability. These changes will greatly expand the number of businesses that can claim the R&D Tax Credit and pump millions of dollars back into the economy.

Click here to read the story in its entirety.

Contact us today for more information on any future tax policy changes and the impact it could have on your business.