R&D credit incentives for small businesses

Help your business to capture the benefits of its federal and state research and development (R&D) tax credits.

 

Is your business benefitting from the R&D tax credit incentive?

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.

  

How small businesses monetize the R&D tax credit

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.

  

Why KPMG:

  • An assessment to estimate the benefit
  • Local and consistent team with national reach, including CPAs and industry engineers
  • Adherence to the highest of professional standards
  • Identification of non-obvious activities that qualify for the credit
  • Use of technology to gather data to minimize demands on you and your employees

Request an assessment

Related Article 

Automatic Changes for Simplified Tax Accounting Methods Provide Relief for Small Business Taxpayers: Rev. Proc. 2022-9 Overview
The authors provide an overview of recent revenue procedures modifying the small busines taxpayer exemption method changes.

 

Discover more about R&D credit opportunities for your business

Payroll tax related credit programs

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.

Opportunities in PA, DE, and NJ

Certain states also offer incentives that can increase cash flow

Certain states also offer incentives that can increase cash flow

Uncovering Hidden Value

Leverage the R&D tax credit to offset payroll liability

Leverage the R&D tax credit to offset payroll liability

Tax Reform: And the Winner Is...R&D

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

 

Other related Insights and KPMG services for your small business