The R&D Tax credit Case Studies

R&D Tax Credits

Start-up company open office workspace

Start-up Company offsets payroll taxes by $250,000 a year

Start-Up App Developer
$1.2M in R&D Tax Credits
Annual Revenue: $800K

This start-up company developed custom apps for small banking, insurance, and other financial service providers. While the company was experiencing losses (not paying income tax), they reduced their payroll taxes by $250k per year. Remaining credits were carried forward to future years. For 2019, they are expecting to be profitable, and will apply the remaining credits and 2019 credit against any income tax owed for 2019.

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