u/Sure_Junket_1743

I am a CPA that handles a lot of SBIR companies and constantly I run into people that don’t know you need to file tax returns or for some reason think grant proceeds are not income. Unfortunately in many situations this can lead to the build up of back taxes penalties and interest that can bankrupt a small startup.

With the program reauthorized now I am sure there are a lot of people who will be receiving their first ever SBIR grant. Be sure you are working with a competent professional that understands how these grants work so that you can proactively plan for taxes instead of scrambling to deal with a problem on the backend.