chrisg5
New Member

Deductions & credits

Thank you for the answer. To clarify, we received some investment money and i paid employees and also myself to work on research and development of a new product. I am assuming I can only take credit for the money I paid myself or do I get some credit for the money i spend on the employee?  There is not much income for our my business as it is startup. I am wondering what would be the best course of action for it.