myCPE New Year Offer. Unlimited Continuing Education only @$299 $199 (3 Days Left) CLICK HERE to view.

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 free 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 in tax saving through R & D Credits.

Click here to access webinars on Latest Tax Updates

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 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 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 Tax Professionals (Approval No. GEHNZ-T-00219-20-O)

    Presenter

    About Presenter

    Yong Jeon

    Partner BRAYN Consulting LLC

    Yong joined BRAYN Consulting LLC after nearly 8 years of tax consulting experience at Big-4, both at Deloitte Tax and PwC. He heads up BRAYN’s Northern California practice. At Big-4, Yong spent a majority of his time in the Research and Development (R&D) Tax Incentive practice, where he led engagements for several Fortune 500 clients. He also worked at McKesson for 5 years on various projects, including implementation, maintenance, and improvement of the in-house R&D Tax Credit process.

    Yong’s industry expertise is focused on the computer science and software arena, and he has significant experience in Tax Controversy. In addition to his BA and JD, Yong holds an LL.M. in Taxation from Boston University.

    Outside of the office, Yong enjoys bicycling, lacrosse, traveling, watching foreign films, and is an avid reader of history and science fiction.

    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

    Upcoming Webinars

    Everything You Need to Know About Partnerships
    • 4.5
    • (28)

    Jan 24, 2022 | 09:00 AM EST

    Data Visualization using Excel
    • 4.0
    • (2)

    Jan 24, 2022 | 09:00 AM EST

    Pivot Your Marketing in Response to COVID-19
    • 4.2
    • (142)

    Jan 24, 2022 | 09:30 AM EST

    Anatomy of an IRS Audit
    • 4.5
    • (13)

    Jan 24, 2022 | 10:00 AM EST

    Products and Services Subject to Sales Tax
    • 4.5
    • (228)

    Jan 24, 2022 | 10:00 AM EST

    Excel Accountant: Dynamic Arrays
    • 4.0
    • (3)

    Jan 24, 2022 | 10:00 AM EST

    Introduction to Cost Accounting
    • 4.1
    • (8)

    Jan 24, 2022 | 10:00 AM EST

    Yellow Book 101: A Practical Approach
    • 4.2
    • (29)

    Jan 24, 2022 | 10:00 AM EST