The R&D tax credit for startups can pay a company that isn't profitable, through the payroll taxes it already owes.
David Wiener explains why Congress created the payroll offset. The credit used to come only off income tax, which startups don't pay. A qualified small business can now elect to use it against the employer share of Social Security and Medicare.
From The Tax Strategy Playbook.
Full episode: https://taxstrategyplaybook.com
No-cost analysis through CSSI: https://calendly.com/david-wiener/cs or 770-224-8504, option two
This is educational content, not tax advice for your situation. Talk to your tax professional.