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Live Webinar

100-minute live streaming program
  • July 21
  • 1:00 - 2:40 pm EST

Also available as:

OnDemand Course

Strategies for Capitalizing on R&D Credits for Small to Medium-Sized Businesses

July 21

Find ways to support your clients and identify opportunities to minimize tax liability.

The biggest benefit to this topic is to find ways to support clients and identify opportunities to minimize overall tax liability. Tax laws are complex and become increasingly complicated every year. As a result, pinpointing ways to effectively support clients and potentially lower tax burden becomes more challenging. The Research & Development Tax Credit is one of the more complicated and difficult to understand tax incentives available to U.S. taxpayers. R&D tax professionals need to answer several essential questions, such as: how can I tell if the activities of my client qualify for this credit?; how does the IRS define “research and development” and how does that translate into a tax credit?

This material focuses on the CPA and financial executive whose responsibilities include minimizing their clients’ or companies tax liability. We will review how and why activities qualify as well as how the time and effort expended by the taxpayer can be translated into a federal (and in many cases, state tax credit). Failing to understand how to properly assess and document the qualifying activities is the most common mistake made and can lead to an unfavorable result if audited. The topic is critical for CPAs and financial executives who need to understand both the basics of the R&D tax credit and the potential pitfalls that may disqualify an activity from generating the credit.

Learning Objectives

  • You will be able to define research and development under IRC Section 41.
  • You will be able to explain the 4-part test for qualifying development activities.
  • You will be able to discuss R&D credit basics.
  • You will be able to recognize opportunities to secure tax savings through the R&D tax credit.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Course Objectives
  • Learn and Apply the 4-Part Test
  • Recognize Activities That May Qualify
  • Understand the New Rules for Small Businesses
  • Build Strong Documentation
Defining Research and Development
  • R&D Tax Credit Timeline
  • R&D Credit Qualifying Expenditure
R&D Credit Basics
  • Business Component Test
  • Technical Uncertainty
  • Process of Experimentation
  • Scientific Principles
  • Qualifying Activities
Documentation
  • Credible Evidence
R&D Credit – Special Rules
  • Patent Safe Harbor
  • Excluded Activities
  • Funded Research
  • Internal Use Software
Recent Changes
  • Section 174 R&D Expenditures
  • AMT Offset for Small Business
  • Payroll Tax Credit for Start Ups
R&D Credit Calculation
  • Regular Method
  • ASC Method
R&D Tax Credit Documentation
  • Qualitative Documentation
  • Quantitative Documentation
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on December 10, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • Enrolled Agents 2.0
     
  • This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
     
  • CAPP/CAPA
     
  • This is an IAPP qualifying continuing education activity.
     
  • CPE 2.0 including Taxes 2
     
  • Lorman Education Services 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 web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for accountants, CFOs, controllers, accounts payable professionals, tax managers, presidents, vice presidents, bookkeepers, and enrolled agents.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Randy Eickhoff, CPA

Randy Eickhoff, CPA

Acena Consulting

  • Founder of Acena Consulting
  • Practice emphasizes all aspects of R&D tax credits, cost segregation and other tax incentives
  • Conducts regular seminars and workshops on the R&D tax credit
  • Author of several publications related to the R&D credit and relevant court cases and tax updates
  • B.A. degree in business economics, University of California at Santa Barbara Cal, CPA Member
  • Can be contracted at 805-426-9669, [email protected] or @acenaconsulting
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 408826
Published 2018, 2021
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