Recent Changes to R&D Tax Credit a Boon for Early-Stage Startups

For 35 years, the Credit for Increasing Research Activities has provided tax incentives to companies spending capital to develop or improve their product offerings.  While the credit has provided billions of dollars in tax savings each year, early-stage companies have often been left out.  This is because the credit didn’t provide immediate savings for companies with no tax liability (as is common with early-stage companies) and it could not be used to offset the…