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Take Credit Where Credit Is Due: Why All Businesses Need To Know More About The R&D Tax Credit

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • CRTP
  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Course Description

Are you missing out on significant cash flow that can help your client's business grow multifold? Your tax clients expect you to provide guidance and advice that lead them to where growth opportunities lie — increasing their ability to make profitable business decisions. Many CPAs focus on performing tax accounting only as protocol demands and overlook longstanding tax incentives such as the Research & Development (R&D)Tax Credit as a way to put cash flow back into the business and minimize the tax burden.

The R&D tax credit is one of the most powerful incentives in the tax code. Due to the broad definition of “qualified research”, businesses in nearly every industry take advantage of the credit. The R&D tax credit is based on “qualified research expenses” (QREs) – for every dollar spent on QREs, you can earn up to 8.0% in federal tax credits! Additionally, over 40 states offer similar R&D tax incentives that can double benefits in some cases.

As a game-changing tax credit, the R&D tax credit provides both federal and in most cases, state tax credits for efforts centered around developing new and improved products, processes, techniques, software, formulas or inventions. The new permanent research tax credit provides new opportunities for small businesses to reduce or eliminate Alternate Minimum Tax (AMT). 

This online CPE webinar covers following key topics:

  • The explanation of Qualified Research Expenses
  • How to claim this R&D tax credit?
  • Myths associated with the R&D tax credit

If you are in Industry this webinar will help you in identifying opportunities to save tax for your company. If you are in public practice this webinar will help you in advising clients in tax saving through R & D Credits.

Learning Objectives

  • To recall the 4-part test for the R&D credit
  • To identify R&D activities performed and the associated qualified research expenditures
  • To identify qualifying projects & the exclusions
  • To identify the common misconceptions about R&D credits

Who Should Attend?

  • Accounting Managers
  • Accounting Practice Owners
  • Bookkeeper
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CE Credit of Taxes for Annual Filing Season Program (AFSP)
  • 1 CE Credit of Taxes for Annual Filing Season Program (AFSP)
  • 1 CE Credit of Taxes for Annual Filing Season Program (AFSP)
  • 1 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0226)
  • 1 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0226)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00219-20-O)
  • 1 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00219-20-O)
  • 1 CE Credit of Taxes for Enrolled Agents (EA) (Approval No. GEHNZ-T-00219-20-O)
  • 1 CE Credit of Taxes for Tax Professionals (Approval No. GEHNZ-T-00219-20-O)
  • 1 CE Credit of Taxes for Tax Professionals (Approval No. GEHNZ-T-00219-20-O)

Presenter

About Presenter

Geoff Garber

Partner BRAYN Consulting LLC

I support CPAs and their business clients in the areas of R&D tax credits, motor fuel tax refunds, and other specialty tax opportunities. I service clients in the manufacturing, architecture, engineering, construction, software, oil & gas, distribution, and biotechnology industries. In addition, I have successfully represented clients undergoing audits before the IRS and various state revenue departments for both R&D tax credit and fuel excise tax matters.

About Company

BRAYN Consulting LLC

brayn.com

BRAYN Consulting LLC is a fast-growing consulting firm that supports CPA firms and their clients in taking full advantage of specialty tax credits and incentives. We are currently a small firm with virtual offices, growing at a fast pace and we need high quality talent. We primarily serve closely-held, mid-sized companies. This allows our partners and staff to experience a penumbra of issues, challenges and opportunities different than those afforded by Big-4 or Top 10 Accounting Firms.

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.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • 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

1066 Ratings

Excellent

619

Very Good

355

Average

71

Poor

16

Terrible

5

DB

Dominick Balistreri, ACCT/BK, CPA (US)

Feb 4th, 2021

Great presentation - right on the subject I needed it to be. Lots of information in the one-hour time slot. I really learned more than I expected to about what to consider in taking the R&D tax credit.

HT

Heather Trainer, AFSP

Feb 4th, 2021

The class was good and I learned a lot, however, at this point I don't have any clients that would benefit. It is good information to know as a preparer..

CW

Cheryl Williams, Tax Pros

Feb 4th, 2021

The presentation was very well organized and the presenter was very knowledgeable. The slides were probably one of the best illustrated from conferences and webinars I have attended: succinct and eye-catching graphics. Well done

NF

Neil Feather, EA

Feb 3rd, 2021

For me, the entire webinar was a great help. I had the opportunity to get knowledge about the credits for companies of research (R & D) I was able to know form 6765 and Form 8974 and who can applicable for this credit.

RN

Roberta Nail, CPA (US)

Feb 3rd, 2021

The speaker was so easy to follow and really made the R&D credit understandable. Excellent webinar.

Take Credit Where Credit Is Due: Why All Businesses Need To Know More About The R&D Tax Credit

FREE

1 Credit

Subject Area

Taxes

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