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R&D Tax Credits

Changing The Path

The R&D tax credit is now available to any U.S. business that spends time and resources on a new development, improvements, or technological advancements in effort to improve upon its products or processes. The credit could also be available to American Business Onwers that have improved upon the performance, functionality, reliability, or quality of exisiting products or trade processes.

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About The Credit

As of January 1, 2016 Eligible Small Businesses (ESBs) can use the credit to offset the Alternative Minimum Tax (AMT). An ESB can be a non-publicly traded corporation, partnership, or sole proprietorship with annual revenues under $50 million for the three tax years prior to the current year and credits can be retroactively captured subject to special rules under section 448(c)(3).

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