TAKE CREDIT WHERE CREDIT IS DUE: WHY ALL BUSINESSES NEED TO KNOW MORE ABOUT THE R&D TAX CREDIT

4.4 (130)

Yong Jeon

BRAYN Consulting LLC

Friday, July 16, 2021 | 01:00 PM EST

  • CPA
  • EA
  • CTEC
  • TAX PROS
  • AFSP

Credits: 1 CPE | 1 CE

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

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

1 CE credit of Federal Tax for Oregon Tax Preparers

1 CE credit of Federal Tax for Maryland Tax Preparers

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

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

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Additional Dates

Feb 03, 2021 | 01:00 PM EST Register
Apr 23, 2021 | 01:00 PM EST Register
May 21, 2021 | 01:00 PM EST Register
Jun 10, 2021 | 01:00 PM EST Register

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 free CPE webinar will cover :

  • 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
  • Identify R&D activities performed and the associated qualified research expenditures
  • Identify qualifying projects & the exclusions
  • To identify the common misconceptions about R&D credits

Who Should Attend?

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

Testimonial

4.4

(130)
53%
38%
8%
1%
0%

ADT

Very helpful. I didn't realize so many industries are eligible. Great use of Power Point slides.

VS

Very interesting topic about research and development.

DL

Very informative about how broad the R&D credit actually is

JM

Great recap information about the R&D tax credit!

BR

The lecturer simplified a complex topic

JG

myCPE always presents interesting and relevant topics.