Additional source of cash flow for small businesses!

What is the Payroll Tax Credit?

The Payroll Tax Credit is a subset of the R&D Tax Credit that allows qualifying small businesses and start-ups to reduce the company’s share of their FICA payroll tax liability. The Payroll Tax Credit can provide a source of cash flow at a critical time for startups and small businesses.

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    R&D Tax Credit for Qualifying Small Businesses

    The Payroll Tax Credit

    This version of the R&D Credit was created in December 2015 through the Protecting Americans from Tax Hikes (PATH) Act to benefit younger companies with no or a very small income tax liability. The Payroll Tax Credit can be claimed for a maximum of 5 years by a Qualified Small Business.

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      How to Qualify for Payroll Tax Credits?

      • To be considered a Qualified Small Business, your company did not have gross receipts for any years preceding the 5 tax year period ending with the credit year
      • The gross receipts must be below $5M per year
      • Each year qualifying companies can claim a maximum of $250K, or a total of $1.25M across the 5 years

      What can this mean for your business?

      • Immediate reduction in your payroll tax liability
      • Credits banked for future payroll tax liability
      • Increased valuation
      • Freeing up cash to re-invest

      Why choose Leyton?

      Allow our experience to unleash your potential!

      +

      26000

      Clients Served

      +

      20

      Years of Experience

      +

      100

      Tax Experts

      Why choose Leyton?

      Allow our experience to unleash your potential!

      +

      26000

      Clients Served

      +

      20

      Years of Experience

      +

      100

      Tax Experts

      Ready to Start Claiming?

      Get your R&D Claim estimate today!