You may have heard that the R&D tax credit is a particularly valuable one, which can get you up to $250,000 back in payroll taxes (and if you pay income taxes, that number is even higher). You may have also heard that applying for that credit is complex, time-consuming, and potentially risky for audits.
Both of these things are true. The R&D credit is valuable, especially in a challenging economic environment where every bit of runway counts. It also takes considerable effort to apply for, and can be daunting for young businesses. That’s why we put together a guide.
The Comprehensive Guide to the R&D Tax Credit covers everything you need to know to get started: