We’re an R&D Tax Credit practitioner whose focus is on the federal program. We were happy to work with a medical startup using the credit to offset the FICA portion of their payroll and found that NY State has a nice credit available for startups in the Life Sciences as well.
- $200,000 FICA offset Federal R&D Credit
- $40,000 CA Credit for work performed there
- $140,000 NY Life Sciences Credit as startup
Company began operations in 2021 (gene therapies) and has under 20 employees in CA and NY. It’s pre-revenue. This is a great win for the client and for the progression of science.
Contact us for a free no obligation assessment to review if there are any federal or state programs that you might qualify for.