Re:Reduce your startup's payroll taxes through the new Feder...
by mnierstedt on Tuesday June 27, 2017 @08:45PM
(#14650870)
Yeah this was passed with bi-partisan support. The idea was to help small businesses be able to take advantage of the R&D Credit that has existed since 1981. Since the amount could only before be claimed against Corporate Income Tax you couldn't utilize the credit unless you had profits to offset. Since most small businesses run at a loss or zero profit this was a solution to allow them to get the benefit.
[ Parent
| on HN ]
There are no comments on this comment yet.