R&D Tax Credit Reforms: 2023 Opportunities | On-Demand Webinar

Major Reforms in R&D Tax Credits 2023: Exploring Opportunities for Your Firm | On-Demand Webinar

Broadcast Date: Thursday, January 26, 2023 from 3:00 pm to 4:00 pm (ET)

The Tax Cuts and Jobs Act (TCJA) has been beneficial for companies engaged in research and development (R&D). It kept the R&D tax credit permanent and eliminated other tax credits and incentives in exchange for lower tax rates. However, beginning after December 31, 2021, the taxpayer option to deduct current R&D expenditures was abolished. It now requires the charging of expenditures to a capital account and amortizing them in a specified number of years.

These changes pose significant complexities to taxpayers and companies. This underscores the need to keep themselves in the loop of any further developments to successfully navigate through the uncertainties in this ever-changing legislative terrain.

Listen as tax professionals Mike Woeber (Corporate Tax Advisors, Inc.) and Michael Silvio, CPA (Macias Gini & O’ Connell, LLP) provide a comprehensive discussion of the current and emerging trends concerning R&D tax credit. Speakers, among other things, will also offer practical tips and strategies to counter challenges in this evolving legal climate.

Key Topics:

• Research and Development Tax Credits Regulations
• Recent Rule Changes Impacting Businesses
• Requirements and Qualification Standards
• Practical Tips and Strategies
• What Lies Ahead

Learning Objectives:

• Identify the major reforms in R&D credits and its impact on businesses.
• Understand and determine the qualification standards and requirements for the current R&D credits regulation.