August 18, 2022
Accounting Today cited Marcum’s Tax Flash in an article about how eligible small businesses can take advantage of the R&D tax credit under the Inflation Reduction Act.
Accounting Today
By Michael Cohn
Excerpt:
Under current law small businesses that may not have enough income tax liability to take advantage of their research and development credit can apply up to $250,000 of the credit toward their Social Security payroll tax liability, according to Top 100 Firm Marcum LLP.
