A tax credit generally is a reduction to current and future years’ federal and state tax liabilities. In some states, the credits may be monetized. The R&D Tax Credit is an income tax benefit that provides incentives for companies conducting R&D in the U.S. These economic incentives were implemented to stimulate research and development in industries of all sizes and to encourage companies to work together.
The R&D Tax Credit is for businesses of all sizes – profitable and unprofitable, not just major corporations with research labs, and many companies are surprised that they qualify.
KPMG's Research Credit Services professionals can provide you with an assessment to help you determine if your business is eligible to claim R&D Tax Credits and how it can benefit from these incentives.
KPMG's Research Credit Services professionals can provide you with an assessment to help you determine if your business is eligible to claim R&D Tax Credits and how it can benefit from these incentives.
Small and start-up businesses may have an opportunity to receive financial relief through payroll tax credits, which may result in immediate cash-flow to qualified businesses.
Small and start-up businesses may have an opportunity to receive financial relief through payroll tax credits, which may result in immediate cash-flow to qualified businesses.
Certain states also offer incentives that can increase cash flow
Certain states also offer incentives that can increase cash flow
Leverage the R&D tax credit to offset payroll liability
Leverage the R&D tax credit to offset payroll liability
New and modified provisions of the tax law that taxpayers engaged in R&D activities should consider
New and modified provisions of the tax law that taxpayers engaged in R&D activities should consider