Starting in 2016, companies can offset R&D credit against payroll taxes. Even if the business doesn’t have any income tax liability, you can still use the credit to get refunds against for up to $250,000.
Requirements include that the credit must be based on qualified R&D activities, and the business must have less than $5 million in gross receipts.
There are other conditions and benefits relating to this benefit, as discussed in the Tax Hikes Act of 2015. Please give us a call and we will put you in the right direction.
Learn more: IRS Research and Development Tax Tips