Hi everyone,
I’m trying to get a better understanding of how the R&D payroll tax credit works for early-stage startups. We’re pre-revenue and still in the product development phase, but I’ve heard this credit could help offset payroll tax liabilities. The
R&D Payroll tax credit for startups seems like a valuable tool, but I’m not clear on how to determine eligibility or what qualifies as research expenses.
Are there best practices or common pitfalls to avoid? Has anyone here applied before—did you do it in-house or use a consultant? I’d appreciate any advice or lessons learned. Thanks!