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10,000 Startups: Legal Strategies for Startup Success – R&D Tax Credits (Podcast)

Attorney Roger Royse sets entrepreneurs up for success as he and his guests cover a wide range of legal considerations and complexities that alleviate burdens and identify opportunities for startup companies. Having practiced law in Silicon Valley since 1984 and working with startups since 1991, Roger has counseled thousands of companies on corporate, tax, intellectual property, employment and securities law. In this "10,000 Startups" podcast, Roger and Randy Lieberman, Earnd's CEO, discuss the potential for research and development (R&D) tax credits for startup companies to reduce payroll costs. Even startups that are pre-revenue and pay no income tax can reduce their payroll expenses by claiming this credit.

Other key takeaways include:

  • The objectives behind the establishment of the R&D tax credit, from encouraging innovation, driving productivity and creating new industries to fostering U.S. global competitiveness.
  • Visibility to what industries, companies and research qualify for R&D tax credits. Randy shares an example of an agricultural company that uses a proprietary combination of drones, newly developed software and algorithms and specially designed robots to provide agricultural services such as planting, weeding and harvesting.
  • The process for claiming and documenting the credit. And,
  • Just because a startup has capitalized its expenses does not mean it has captured available R&D tax credits.

Building a business demands tremendous focus on product/service development, finance, sales, marketing, human resources, legal and more. Earnd's mission is to help companies get the credit they deserve. Credit they are entitled to and have earned from their investments in R&D. Earnd identifies and captures HIDDEN TREASURE.