New R&D Tax Credits for Startups | HIREtech

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Join us for lunch to learn how the new PATH act can reduce your payroll (FICA) taxes and maximize your bottom line. Meet with us one-on-one afterwards to discuss how your Startup or Small Business can take advantage of the R&D Tax Credit. 

Types of Companies Eligible for R&D Credits

  • Software Developers
  • Pharmaceutical
  • Biotechnology
  • Manufacturing
  • Fabrication
  • Engineering
  • Chemical
  • Tool and Die
  • Machine Shops
  • Plastics Manufacturers
  • Food Sciences/Manufacturers
  • Many more

The Research and Development (R&D) Tax Credit was signed into law by Congress as part of the Economic Recovery Tax Act of 1981 to encourage American industry to invest in research and development activities. The purpose of the credit was to stimulate R&D activities among businesses through tax incentives.

In December 2015, Congress signed the Protecting Americans against Tax Hikes (PATH) Act into law. The PATH Act not only made the R&D Tax Credit permanent but it also provided guidance that enables startup companies and Small and Medium sized Businesses (SMBs) to utilize the credit. 

Many startup companies don’t have taxable income therefore they were not able to use the R&D tax credits in the past. The PATH Act allows startup companies and SMBs to utilize the R&D Credits to reduce quarterly payroll (FICA) taxes.

HIREtech was founded in Houston 10 years ago and has soared ever since. A HIREtech co-founder will share his story of starting, growing and managing a successful technology company. He will discuss lessons learned along the way, leveraging technology and the importance of building a team, not just hiring employees. Bob Stabell, Senior Director at HIREtech, will discuss the tax credits that are available to startup companies. These credits allow companies to offset payroll taxes so they have more cash to invest in their dreams.

 

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When

Wed, Jul. 27, 2016
11:30 a.m. - 1:30 p.m. US/Central

Where

Houston Technology Center
410 Pierce
Houston, Texas 77002