SBIR Accounting Myth #13: Research & Experimentation Tax Credits are for the Big Firms

Not true. This is a nice benefit for small firms that engage in qualified research activities and have unfunded research. For corporations, unused tax credits may be carried back 2 years and forward 20. For S-corporations and LLC’s, the credits pass through to the owners, creating a dollar-for-dollar tax reduction (that’s the great thing about credits) – however – watch out for the dreaded alternative minimum tax.


This is myth #13 of our SBIR Accounting Myths blog series. George Moker is a CPA and an entrepreneur who brings a real approach to managing the accounting needs of your firm. George created this series of blog posts to his more than 30 years of small business and startup experience in an attempt challenge the myths about an adequate accounting system and its importance within your organization.

For more information on how we can help with your SBIR accounting needs, please visit us at

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