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

  • Accountant
  • AFSP
  • CRTP
  • CPA (US)
  • EA
  • ORTP
  • Maryland Tax Prep.
  • CFIRS
  • CWS
  • 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 the Alternative Minimum Tax (AMT). 

This online CPE webinar covers the 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 on 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

Recommended For

  • The IRS-approved CE course is recommended for CPA, EA, AFSP, and Other tax professionals desiring to learn about the R&D Tax credit.

    Who Should Attend?

    • Accounting Managers
    • Accounting Practice Owners
    • 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 Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00219-20-O)
    • 1 CE Credit of Taxes for Annual Filing Season Program (AFSP)
    • 1 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00219-20-O)
    • 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-00219-20-O)
    • 1 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0825)
    • 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

    Jason Villere

    Advisor, BRAYN Consulting LLC

    Jason joined BRAYN Consulting LLC in 2018. As a business management professional, Jason has over 15 years’ experience with treasury management, internal audit consulting, project accounting, financial reporting and managing sales teams. Jason is a skilled leader with demonstrated ability to effectively achieve process improvement, manage change and create diverse, cross-functional, quality driven teams to implement corporate-wide improvements.

    Jason obtained a BS in Accounting from LSU and an MBA from Sam Houston State University. Jason currently holds a license as a Certified Treasury Professional, CTP.

    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

    1202 Ratings

    Excellent

    679

    Very Good

    419

    Average

    81

    Poor

    18

    Terrible

    5

    DJL

    Daniel J Lusk, EA

    Feb 2nd, 2022

    A very good presentation with lots of learning slides.

    MS

    Marsha Swanigan, Accountant, AFSP

    Mar 22nd, 2022

    Smooth runnings.

    CS

    Carl Schoenman, Accountant, CPA (US)

    Feb 2nd, 2022

    Jason was great and shared a ton of useful information in just an hour.

    EH

    Edward Hair, CPA (US)

    Feb 8th, 2022

    Great Webinar

    SG

    Sydney George, CPA (US)

    Jan 27th, 2022

    Instructor seemed very rattled that people weren't answering the polling questions right away and kept reminding everyone that we need to answer the questions for CPE. We are adults and understand.

    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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