How do I know if my startup qualifies for R&D tax credit?

The Research and Experimentation Tax Credit, (R&D Tax Credit), allows companies to deduct expenses directly related to research and development. If your startup qualifies for the R&D tax credit, you may be able to deduct up to $250,000/year in R&D expenses from your payroll tax or income tax. You can use Burkland’s R&D Tax Credit Calculator to see how much credit your startup could qualify for, and contact our tax team to request a consultation.