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What are R&D Tax Credits: An Intro for Accountants & Advisors

  • Accountant
  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Prep.
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

Businesses spent $493 billion on research and development in the United States in 2019, an 11.8% increase from 2018. Changes to the R&D credit in recent years have made it a valuable cash benefit to a broad spectrum of businesses, regardless of size or industry. Yet, this credit is still underutilized.

While tax reform, often referred to as the Tax Cuts and Jobs Act (TCJA), introduced many new changes for businesses, the R&D tax credit continues to provide reliable opportunities for reducing income tax liabilities—often saving companies hundreds of thousands of dollars.

However, many companies aren’t fully benefiting from the R&D credit because of common misconceptions about its applicability to their operations. Businesses that fail to claim the R&D credit often do so because of confusion around documentation, qualifying activities and expenditures, and how the credit can be used. Gaining clarity around these topics can provide the foundation for identifying and claiming the R&D credit—and lowering a company’s tax burden.

In this online CE/CPE tax webinar, Stephen Yarbrough (CPA, former IRS Agent, and Co-Founder of Neo. Tax) and Taylor Schaude (former KPMG associate) of Neo. Tax will help attendees understand how to identify the activities that qualify for the credit and which companies can benefit from a qualified small business payroll election. This allows companies to benefit from the credit even if they are not currently profitable.

Learning Objectives

  • To define criteria for a qualified small business to elect a payroll R&D credit.
  • To identify activities that qualify for the R&D credit.
  • To discuss examples of disallowed activities.
  • To recognize the process and timeline for obtaining the credit.

Recommended For

  • This CE course is recommended for CPAs, EAs, Tax preparers and Staff, Business Tax and Finance Executives, Directors, Managers and Staff, Accountants, Attorneys, and Financial Advisors who desire to understand everything about the R&D tax credit.

Who Should Attend?

  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Certified Public Accountant (CPA)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Maryland Tax Preparers
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Preparer
  • Tax Professionals
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP)
  • 1 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0894)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-01011-22-O)
  • 1 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-01011-22-O)
  • 1 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01011-22-O)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookeeper

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

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 maintenance 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.

NASBA APPROVED

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

MY-CPE LLC (Sponsor Id#: 143597) 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.org.

CTEC APPROVED

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

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Stephen Yarbrough, CPA (US)

Chief Tax Officer & Co-Founder, Neo.Tax

Stephen is the literal brain behind Neo.Tax, with over two decades of experience as a CPA and as a former IRS agent. As a co-founder and the Chief Tax Officer, he reviews the product, including its automation and machine learning, to ensure that it is consistent with current tax code, regulations, IRS guidance, and case law analysis. Stephen has an MS in Accounting from The University of Texas and resides in San Francisco.

About Company

Neo.Tax

neo.tax

Neo.Tax is building the easiest and most accurate tax filing and automation software. Our first product simplifies the complex process of applying for the R&D tax credit, putting up to $250,000 back into each company's pocket that is working on qualifying research and development activities. The first step towards turning a small business’ taxes into a modern advantage.

About Presenter

Taylor Schaude

, Neo.Tax

Taylor Schaude, Neo.Tax, Head of Business Development,Taylor runs Business Development & Partnerships at Neo.Tax. Previously, he was the Director of Investor Relations & Chief of Staff to the CEO at 500 Startups. At 500, he partnered with the firm’s executive team to manage strategic initiatives, investor relations, fundraising efforts, and later stage co-investments. Prior to his role in venture capital, he spent 8 years in management consulting primarily focusing on corporate development, audit, and strategic operations. Taylor has a BS in Management Information Systems from Auburn University and resides in San Francisco.

About Company

Neo.Tax

neo.tax

Neo.Tax is building the easiest and most accurate tax filing and automation software. Our first product simplifies the complex process of applying for the R&D tax credit, putting up to $250,000 back into each company's pocket that is working on qualifying research and development activities. The first step towards turning a small business’ taxes into a modern advantage.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.5

152 Ratings

Excellent

91

Very Good

50

Average

10

Poor

1

Terrible

0

NR

Nancy Rubinstein, EA

May 26th, 2022

I already have clients with R & D Credits and use a firm. The explanations in this webinar were better than what I have seen before

CB

Carol Beck, EA

May 25th, 2022

I have done the R&D credit for several clients, new new things that wil help me in the future.

DC

Devin Cavanaugh, CPA (US)

May 25th, 2022

good topic

KL

Kevin Lamey, EA

May 26th, 2022

Very Relevant to my job

JC

James Carpenter, CPA (US)

May 25th, 2022

A little too heavy on the marketing for the R&D services.

What are R&D Tax Credits: An Intro for Accountants & Advisors

FREE

1 Credit

Subject Area

Taxes

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