New and expanding businesses need to be vigilant in seeking savings opportunities that can help fuel growth.
With research and development (R&D) tax credits, the innovation that drives your business could also help you access extra cash and offset your payroll tax liability—instead of income tax.
Navigating this complex process can require constant focus that can drain resources, especially for businesses still in their early stages. Determine if your business is eligible for credits and confidently navigate claims with guidance from our professionals.
Companies that develop new or improved products, processes, or software can:
Small, midsize, and early-stage businesses are more likely to be able to claim the credit.
Your company may be able to apply the R&D tax credit against payroll tax if the following are true:
Each payroll provider or professional employer organization (PEO) may have a different process for handling the credits, and businesses are often left to assess these nuances on their own. Our professionals are highly experienced in navigating these distinctions and can even file claims on your behalf if needed.
Credits that aren’t properly documented also risk rejection by taxing authorities. Our detail-oriented team will help you identify and compile the documentation needed to advance through the credit process from start to finish.
From technology to life sciences companies and more, start-ups across industries look to our professionals for comprehensive accounting and consulting strategies to help guide them through launch—and to continue to grow throughout their business life cycle.
Discover how you can turn R&D expenses into tax savings by filling out our complimentary benefits estimate request form.
A Moss Adams professional will contact you with a preliminary estimate of the potential tax benefit to your organization.
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