For qualified small businesses electing the payroll offset, we prepare and reconcile the credit against your quarterly payroll filings, coordinated with your payroll provider.
Check Your EligibilityA qualified small business can apply the R&D credit against employer payroll taxes, up to $500,000 per year, which is real cash for a company that is not yet profitable. But the offset must be elected on Form 6765, claimed on Form 8974, and reconciled each quarter against the payroll tax return.
Novaric manages the mechanics end to end and coordinates with your existing payroll provider, so the benefit actually reaches your account.
Costs tracked during the year are potential R&D expenses, not Qualified Research Expenses, until qualification is completed in the annual R&D analysis based on the taxpayer’s facts and applicable requirements. Novaric does not guarantee eligibility, credit amounts, or any IRS outcome.
For an early-stage company, a credit you can use now beats one carried forward for years. We make sure the offset is claimed and reconciled correctly.