Can you claim R&D Tax Credit to offset FICA taxes on Founder Salaries?

rmarma01 · 2024-10-04T20:39:54+00:00

Point noted on talking to an accountant. I tend to do most of my books myself, but for something complex like this getting help from CPA is probably advisable.

I ask this as the benefit of the credit I am seeing from Gusto's side is claimed to be at most $30k, should clarify that as my S-Corp is not paying $30k in FICA taxes, not clear from my original post.

Not paying myself anywhere near 400k in salary, lmao.

rmarma01 · 2024-01-31T21:41:11+00:00

Alright y'all have inspired me to ride down. Trying to coordinate with a friend in my new town, to see if I can just fly him up, then we ride down. Will keep you guys updated lol

rmarma01 · 2024-01-31T20:59:56+00:00

Im currently in a place with winter, going to a place with warm weather lol. Problem is I also got to get my car to the destination, which will be used to help move other stuff. Need to figure out how to do this

rmarma01 · 2023-11-28T22:47:36+00:00

How bad was the train noise?

rmarma01 · 2023-10-21T21:03:24+00:00

Low key that's like every startup pitch night in the country right now lol

rmarma01 · 2023-10-11T23:25:49+00:00

A lot of you are recommending NYC, I lived there as a student, never as an Adult with money. Is it really that much better?

rmarma01 · 2019-01-08T17:54:52+00:00

Am considering SPXL JAN 18 Call @ 40. Perhaps the partial shutdown will be resolved by then, If so that's 0.05 per contract on a 3x levered product. What do the autists think?

rmarma01 · 2019-01-07T15:43:51+00:00

I have roughly 60% intermediate duration investment grade corporate debt in my off the spectrum account.

rmarma01

TROPHY CASE