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ERC and R&D: Navigating Ever-Changing Tax Credits with King’s Peak Tax Consulting

  • AFSP
  • CPA (US)
  • EA
  • Oregon Tax Prep.
  • CTEC
  • Maryland Tax Prep.
ERC and R&D: Navigating Ever-Changing Tax Credits with King’s Peak Tax Consulting

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax for Oregon Tax Preparers

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Course Description

The Consolidated Appropriations Act, 2021 (CAA), a coronavirus relief package enacted on December 27, 2020, contains many provisions to assist businesses and individuals that have suffered economically from the coronavirus pandemic.

Included in the CAA are beneficial provisions for businesses that obtained or qualify to obtain a loan under the Paycheck Protection Program (PPP) and employers that qualify for the Employee Retention Credit (ERC).

The CAA also addresses the interplay for businesses that intend to claim both the ERC and the research and development (R&D) tax credit.

In brief: 2021 brought a lot of changes, not least to the world of IRS Employee Retention Credits (ERC) and Research & Development (R&D) tax credits.

New laws and changes to eligibility criteria mean that previously dismissed credits might benefit from another look.  Recent changes also introduce potential pitfalls related to these credits that you will want to avoid.

This CPE/CE tax webinar will help you to summarize and break down what this year’s filing might look like.

Learning Objectives

  • To identify and become familiar with changes to the Employee Retention Credit regime.
  • To identify ERC eligibility factors that may now apply to previously ineligible clients.
  • To discuss your knowledge of the R&D tax credit and analyze what constitutes R&D expenses.
  • To analyze the implications of the new Section 174 capitalization requirement and recent Chief Counsel Memorandum. 

Who Should Attend?

  • Annual Filing Season Program
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA