U.S. Innovation Funding for International Startups
International startups comprise a growing number of companies in the U.S., and these companies are consistently stimulating the economy here through growth and innovation. However, many are not aware of all the financial incentives available to them in the United States, including the Research and Development (R&D) Tax Credit.
The U.S. definition of R&D is incredibly broad – as long as the U.S. operations include developing or improving your technology and that work is primarily in a hard science field, there is likely R&D occurring. As a U.S. startup, the R&D Credit would allow you to reduce payroll tax liability, which is usually one of the first expenses your business will incur, or income tax liability.
Some form of the Research & Development (R&D) Tax Credit exists across many countries so it might be something you’re familiar with and already claiming locally. For foreign companies with U.S. operations currently or those currently in the process of expanding here, this is a great incentive to take advantage of.
Come listen to Leyton’s webinar on May 5th explaining the U.S. R&D Credit, the benefits you’ll receive from claiming and how you can set up your business operations to maximize the benefit.
This webinar will be presented by Leyton, a global R&D Tax Credit consulting firm. Their team of highly experienced scientists, engineers, tax consultants and tax attorneys implement strategies to claim the R&D Tax Credit, ensuring maximum eligible financial return without impacting a company’s core business.
With offices in 11 countries currently, Leyton was a U.S. startup just 2.5 years ago. In addition to learning about the R&D Tax Credit, you’ll also hear from Leyton’s Senior Vice Presidents about initial challenges they faced during their efforts to get the U.S. office off the ground in Boston.
Dr. Craig Hale, Ph.D in Aerospace Engineering, has helped secure several hundred million pounds through the United Kingdom’s R&D Tax Credit program. Given his success as part of Leyton UK’s Technical Delivery Team, he was chosen to lead the Tax and Technical Team in the US alongside Tom McDanell. In addition to speaking to the challenges of building a US office from the ground up, he offers great insight into how to qualify for the R&D Credit in the US.
Tom McDanell, SVP of Leyton, has extensive experience with the R&D Tax Credit across the United Kingdom and United States. In 2015, when the R&D Credit became permanent in the US, Tom was chosen to lead Leyton’s US initiative. He can speak to the effort required to open a US office, what he would change if doing it again and some of the most notable experiences and learning points he has had to date.
David Roberson is a licensed attorney, who utilizes his legal skill set to qualify and monetize tax incentives, specifically the R&D Tax Credit. With over five (5) years of experience in the tax credit and incentives sector, David has leveraged these skills and experience in engagements for companies of all sizes ranging from startups to Fortune 50 companies.