How startups can save up to $250,000 on their payroll taxes.

The article discusses how startup businesses can save as much as 250,000 dollars on their payroll taxes annually with the help of legislation passed by the U.S. Congress to help bolster small companies across the country. The Credit for Increasing Research Activities, or the R&D credit, has been used as a way to incentivize small businesses performing R&D in the U.S. With a conditional provision, startups can effectively get a refund on their Social Security payroll tax liability.