Estimate your benefit
The R&D Tax Credit incentive is the government’s way of providing non-dilutive funding to growing companies for their investments into developing and improving products and technologies.
For early-stage Startups, the credit is a tremendous way to boost cash flow and extend runway for their first five years of business, regardless of if they are generating revenue or not. Eligible Startups can leverage can apply this funding to their employer payroll tax liabilities-up to $250,000 annually!
Again, while revenue is a great indicator of business success, the R&D credit has more to do with expenses incurred internally every year, as opposed to how much revenue you’re generating…and then a CTA to book a meeting.