Lorman offers professional resources regarding COVID-19 and the 2020 Elections

Show navigation

Available in:

OnDemand Course

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

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

Tax laws get increasingly complicated each year. As a result, finding ways to support your clients and to identify opportunities to minimize their tax burden become more difficult. The Research & Development Tax Credit is one of the more complicated and difficult to understand tax incentives available to U.S. taxpayers. 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 is focused on the CPA and financial executive who's responsibilities include minimizing their clients' or companies tax liability. 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 recognize Research and Development concepts and definitions.
  • You will be able to identify Qualified Research Expenditures.
  • You will be able to differentiate between the steps in the Four Part test.
  • You will be able to recognize the thresholds of the Innovation test.

Runtime: 102 minutes
Purchase Options

More Program Information

Why Lorman?

Over 33 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
Purchase Options

More Program Information

Why Lorman?

Over 33 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 April 18, 2019.

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

  • CPE/NASBA - QAS Self Study 2.5 including Taxes 2.5
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study 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: 2.5 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.5 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement 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.
     
Purchase Options

More Program Information

Why Lorman?

Over 33 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
Purchase Options

More Program Information

Why Lorman?

Over 33 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.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 406144
Published 2019
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!