PSVS News

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Startups Have New Option for Research Tax Credit

(posted: May 5th, 2017)

Eligible small business startups can now choose to apply part or all of their research credit against their payroll tax liability, instead of their income tax liability, according to the Internal Revenue Service. During National Small Business Week - April 30 to May 6 - the IRS is highlighting tax benefits and resources designed to help new and existing small businesses.

This new option will be available for the first time to any eligible small business when filing its 2016 federal income tax return.

Read the rest of this news item, here.

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