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On June 17, 2020, Tax Credits Group President Michael Krajcer and Managing Director Bethany Jones-Worner will present an informative webinar session which will explain why the Research and Development (R&D) tax credit can serve as an important cash-flow strategy during the COVID-19 pandemic. This webinar is sponsored by the American Institute of Certified Public Accountants (AICPA).

To register please visit: https://www.aicpastore.com/Tax/PRDOVR~PC-WC2206394/PC-WC2206394.jsp

In the wake of the COVID-19 outbreak, many businesses are taking a fresh look at the R&D tax credit which can help to immediately conserve cash flow and, in some instances, recoup funds. The R&D credit has been around for decades as a temporary provision and was recently made permanent under the Protecting Americans from Tax Hikes (PATH) Act and preserved under the Tax Cuts and Jobs Act (TCJA). While it was originally designed to offset income tax liability, new legislation also allows for certain eligible small businesses to utilize it against alternative minimum tax and payroll tax. The qualification requirements for the credit are far broader than what many companies realize, making it a highly underutilized tax planning tool.

During the webinar session, Krajcer and Jones-Worner will lay out the fundamentals of the credit and discuss the legislative changes that have made it a solid long-term tax strategy, especially during these uncertain economic times.  Attendees will also hear real-world examples, examine recent case studies and explore new potential R&D tax credit opportunities sparked by COVID-19. Don’t miss out on this crucial tax information that can positively impact your business and clients!

Who will Benefit:

  • CPAs
  • Tax professionals
  • Other qualified professionals

Learning Objectives

  • Recall a general overview of the R&D tax credit
  • Identify new areas of opportunity amid the COVID-19 pandemic
  • Determine how to identify qualifying activities and expenses
  • Recognize the amount of benefit a company might receive
  • Recall the level of due diligence necessary to support the credit claim
  • Recognize new and ongoing areas of audit risk