The IRS hasn't provided a clear stance on this issue (ask your tax guy).
However, this will definitely hurt a lot companies because they used R&D tax credit for salaries. Convincing the IRS that certain salaries suddenly don't qualify as R&D could prove challenging.
It's worth noting, though, that the R&D tax credit has been raised to $500,000 per year, which could be beneficial for very small companies.
However, this will definitely hurt a lot companies because they used R&D tax credit for salaries. Convincing the IRS that certain salaries suddenly don't qualify as R&D could prove challenging.
It's worth noting, though, that the R&D tax credit has been raised to $500,000 per year, which could be beneficial for very small companies.