Press Room: Article
October 03, 2017
First-Time Compliance with the R&D Payroll Credit
The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) made permanent the federal Credit for Increasing Research Activities (Research Credit). It also expanded benefits to allow qualified small businesses to elect to designate up to $250,000 of the Research Credit as an offset to the employer’s contribution to social security tax (Payroll Credit)