Startups can finally apply for R&D credit

Story excerpt provided by Crain’s Cleveland Business.

Written by Chuck Soder.

If you run a high-tech startup company, you probably should call your accountant ASAP.

There’s a good chance you’ll finally qualify for the so-called R&D Tax Credit — which could easily save you tens of thousands of dollars, according to three accountants who spoke with Crain’s Cleveland Business.

Recent changes to the credit are going to create “a windfall” for tech startups as well as some established small businesses that develop and test new products, according to Josh Messina, tax director at Cohen & Co., an accounting firm in Cleveland.

Click here to read the complete article.

Originally published January 17, 2016.

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