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HOW THE R&D TAX CREDIT CAN POSITIVELY IMPACT YOUR SMALL TO MEDIUM SIZED CLIENT’S CASH FLOW 1 Credit 1 Credit

Oct 08, 2020, 11:00 AM EDT

HOW THE R&D TAX CREDIT CAN POSITIVELY IMPACT YOUR SMALL TO MEDIUM SIZED CLIENT’S CASH FLOW 1 Credit 1 Credit

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Live Webinar
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Oct 08, 2020, 11:00 AM EDT

Learning Objectives

  • To identify the typical Client Challenges in 2020
  • To get the overview of US R&D Tax Credit
  • To identify the Common Misconceptions about US R&D Tax Credit
  • To recall some Industry Examples about US R&D Tax Credit
  • To recognize the R&D for Small Businesses
  • To identify ways of adding value to your Client Relationships

Course Overview

Small and medium-sized companies are a significant part of the United States economy, creating two-thirds of net new jobs and driving innovation and competitiveness. Growing a business eventually requires developing new products, technologies, systems and sometimes even industries. This growth is vital to the success of your business. Challenges in 2020 such as attracting new business, cybersecurity, and now COVID-19’s impact to the economy, are posing significant risks to small and medium sized businesses. 

Small businesses often face obstacles that their larger enterprise cousins don’t and must overcome barriers with fewer resources. The US R&D Tax Credit is an extremely influential incentive, recently expanding to become even more influential for startups and small businesses. Despite it’s benefit, the incentive is still being overlooked by over 90% of eligible corporations in the United States. 

When advising your clients on how to navigate these challenges this year and years to come, it’s important to stay up-to-date on the changes to legislation and tax code that offer financial opportunity.  In the following webinar we’ll address :

  • The typical challenges faced by your clients today
  • Overview of the R&D tax credit and common misconceptions
  • How the R&D tax credit can help your clients address their challenges
  • How you can add value to your clients with your knowledge of the R&D claiming process. 

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00247-20-O) 1 CE Approved
Certified Wealth Strategist (CWS) 1 CE Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00247-20-O) 1 CE Approved
Certified Wealth Strategist (CWS) 1 CE Eligible
Certified Fiduciary and Investment Risk Specialist (CFIRS) 1 CE Eligible

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.com.

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

About Instructor

Thomas Folsom

Thomas Folsom

Managing Director, Ayming USA

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Thomas Folsom is the Managing Director and Country Manager of Ayming USA. For over fifteen years, Mr. Folsom has managed and implemented hundreds of R&D Tax Credit studies, including state and federal audits, to offer clients an unrivaled knowledge in the application of R&D law.

From boutique consultancies to large accounting firms, Mr. Folsom has worked with and represented Fortune 500 companies as well as small-Medium sized businesses, across a variety of industries.

In addition to these duties, Thomas is licensed to practice law in several states and federal jurisdictions, including the United States Tax Court. He was a core member of the team that developed the strategy and won U.S. v. McFerrin, as well as other central cases that would influence an update of code and regulation to expand qualifications for the credit that we still see today.

He joined Ayming USA in March of 2019 and leads a countrywide team of professionals based in Houston, Boston, Ohio, New York and LA.

Prominent Litigation Matters and Events Thomas has been a part of:

United States v. McFerrin, 570 F.3d 672 (5th Cir. 2009)

Guest Speaker at Celebrating American Independence in Business in Madrid, in collaboration with the Centre for the Development of Industrial Technology (CDTI). There he shared insight on US tax incentives as well as unanticipated aspects of EU companies starting business in the US (such as private healthcare and the various states’ regulatory requirements)

Contributed to Ayming’s International Innovation Barometer, which outlined what to expect from the global R&D landscape in 2020

Participant/Educator in various CLE/CPE events across the country

Annual supporter of Open Dance Project – A Houston based dance company that not only brings dance to underprivileged schools, but teaches STEM through the art of dance

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

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Best part is that you can start immediately by just using your browser.Very easy to get a handle on, and, with the ease of accessing it for everyone remotely, myCPE is a great tool to use all round.

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