Accounting in the Wild: Maximizing R&D Credits | EP1 0.5 Credit
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Welcome to this engaging episode of the Accounting in the Wild series! Have you ever wondered how businesses legally save millions through tax incentives while fueling innovation? In this episode, we dive into the transformative world of the Research & Development (R&D) Tax Credit—a golden opportunity for companies creating new products, processes, or technologies. How does this credit work? Who qualifies? And why do so many businesses miss out on this game-changing benefit? Join us as we decode the R&D credit’s potential to boost cash flow, offset payroll taxes, and turn innovation into tangible savings.
Our guest, Randy Eickhoff, brings over 20 years of expertise as founder of Acena Consulting, specializing in R&D credits and cost segregation. Randy’s journey—from tax compliance to transforming complex incentives into millions of dollars in savings—demonstrates a deep understanding of both the technical and strategic elements that drive success in accounting. His experience provides a unique blend of practical know-how and innovative thinking, ensuring you gain clear, actionable insights.
Key Topics:
This episode encapsulates the dynamic interplay between evolving tax regulations and real-world applications, offering a roadmap for both seasoned professionals and curious business owners. Tune in now to uncover actionable strategies that empower you to maximize tax benefits while navigating the complexities of modern accounting. Listen now and never leave money on the table again!
| License details | Credits | Status |
|---|---|---|
| Taxes for Certified Public Accountants (CPA-US) | 0.5 CPE | Approved |
| Taxes for Delaware Licensed Public Accountant (DE-LPA) | 0.5 CPE | Eligible |
| Taxes for Iowa Licensed Public Accountant (IA-LPA) | 0.5 CPE | Eligible |
| Taxes for Maine Licensed Public Accountant (ME-LPA) | 0.5 CPE | Eligible |
Credits
0.5
Course Level
Basic
Instructional Method
QAS Self Study
Group Internet Based
Pre-requisites
None
Advance Preparation
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Randy boasts over two decades of experience in securing tax credits and government incentives, having collaborated with over 500 companies throughout his career. He kickstarted his journey in the tax practice of Arthur Andersen in southern California before co-founding Acena Consulting. At Acena, Randy leverages his extensive expertise to provide industry insights to middle-market and Fortune 500 companies, fostering both direct partnerships and indirect relationships through CPA firms.
Over the past 15 years, Randy has played a pivotal role in driving the growth of Acena's specialty tax services, particularly in research and development tax credits and cost segregation studies. His clientele spans across a diverse spectrum, ranging from multinational technology giants to smaller, privately held enterprises in manufacturing, engineering, software development, and technology sectors. Randy holds a CPA license and is an esteemed member of the California Society of CPAs. He obtained his Bachelor's degree in Business Economics from the University of California, Santa Barbara.
Outside of his professional pursuits, Randy resides in Ventura County with his wife and two sons. He is deeply involved in the swimming community, serving as a Masters swim coach for Cal Lutheran University and achieving recognition as a top-ten Masters swimmer. His passion for lifesaving extends to his current status as an ILS Masters Lifesaving world record holder and his past involvement as a member and team manager of the US Lifesaving national team. Randy thrives in open-water and surf lifesaving competitions, finds fulfillment in coaching and team-building, and remains dedicated to supporting his clients' growth and success.
Jason Dinesen is a seasoned tax professional, educator, and entrepreneur with a passion for simplifying complex tax concepts. He is a go-to expert in accounting, bookkeeping, tax preparation, business advisory and interpretations of tax laws and regulations.
Jason has trained over 200,000 accounting, tax, and HR professionals through his engaging presentations, webinars, and self-study courses. Sharing his knowledge in the classroom, teaches Individual Income Tax and Business Analytics at Simpson College, where he earned his degree in corporate communications.
He has delivered numerous webinars on topics like:
Who Jason really is
He is a Whiskey Lover mastering the art of whisky tasting, a football fan, a craft man holding Chainsaw and Pen by IRS. Born and raised in Iowa, Jason leads a vibrant life with his wife, two sons, five cats, and three dogs.
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