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Hartford Busines Journal

Tax Partners Diane Giordano and Brett McGrath co-authored an article for the Hartford Business Journal, about how start-up companies can benefit from the new Research & Development Credit Payroll Tax Offset.

Featured: Diane Giordano, Partner, Tax & Business
Brett McGrath, Partner-in-Charge, Tax Services - Connecticut

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Excerpt:

The new payroll tax offset, effective as of 2016, allows companies to receive a benefit for research activities regardless of profitability. This provision is particularly valuable for start-up companies, such as those operating within local Connecticut Tech Incubators, which generate R&D expenses but won't have a taxable income or pay federal income taxes.

Click here to read full article as PDF >>

 
Featured
Diane  Giordano

Partner
Tax & Business
Melville, NY
Brett  McGrath

Partner-in-Charge
Tax Services - Connecticut
Tax & Business
Hartford, CT
 
 
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