Small Footprint – Big Impact: The Benefits of the R&D Tax Credit
Recording Available: Wednesday, May 20, 2020
Maintaining profit margins today and in the future in a competitive marketplace is increasingly more difficult as the cost to hire and retain talent continues to rise. What if your firm could recoup some of these costs on an annual basis? The Research & Development (R&D) Tax credit allows you to do just that. Many of the activities your business performs typically qualify for an annual federal R&D tax credit, with an additional credit in dozens of states, equaling up to 9% of qualified R&D expenses. Why have you not heard about the R&D credit or not taken full advantage of it? There could be plenty of reasons for that; lack of exposure, taxes are not your expertise, your CPA is not familiar with this more complex credit, or you just don’t feel the time to claim the credit is worth it. It’s time to recoup the dollars you spend on R&D and maximize the earning potential of your firm!
Key topics include:
- Review of recent tax law changes including PATH and TCJA Acts including unforeseen obstacles and previously undiscovered opportunities for many taxpayers as it relates to R&D tax credits
- Current state of the nation on R&D tax credits – Status
- IRS and tax controversy landscape
- Review of relevant Case Studies
BRAYN Consulting LLC
Who Should Attend:
- Companies with R&D Department
- Tax Lawyers and Advisers
- Tax Professionals
- Tax Accountants
- Corporate Counsel
- Top Level Management
Brady is the founder and CEO of BRAYN Consulting LLC. His mantra is, “How can I make my clients’ lives easier?” This fundamental question directs his constant efforts and the direction of BRAYN. Through vision and heavy investment into technology and infrastructure, he has made BRAYN a sleek, technology-driven, quality focused organization that brings optimal value to clients. Brady is a staunch advocate of adding value to clients through tax credits and incentives, and through supporting businesses in continuous process and quality improvement initiatives.
Starting off in Houston roughnecking in the oilfield, Brady worked his way through college and promoted through various positions at the oil & gas company where he worked for 10 years. He achieved his BBA in Management from Sam Houston State University, his Juris Doctor of Laws from Southwestern Law School, and is licensed to practice law in California and Texas. After law school, Brady worked at Deloitte for several years in the R&D tax group before founding BRAYN in 2010.
Under Brady's direction, BRAYN now serves clients nationwide in industries such as architecture, construction, engineering, software, manufacturing, biomedical and pharmaceutical, food and beverage, real estate, and energy. He has brought together a team of professionals with a wealth of experience. The BRAYNiacs are lawyers, engineers, and accountants with extensive industry experience hailing from Big-4 and other national consulting firms.
Brady lives in Valencia, CA, with his wife, three children, and two French Bulldogs.
Print and review course materials
Method Of Presentation:
General knowledge of tax laws
NY Category of CLE Credit:
Areas of Professional Practice
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About BRAYN Consulting LLC
BRAYN is a niche consulting firm that guides businesses to greater value through tax credits and incentives, such as R&D Tax Credits, Cost Segregation, 179D, 45L, and Fuel Tax Recovery. The BRAYNiacs are a team of lawyers, engineers, and accountants with extensive industry experience hailing from Big-4 and other national consulting firms. We work collaboratively with your CPA firm to assist in the review, documentation, and substantiation of the tax incentives specific to your business. At BRAYN, we focus on building quality relationships where we are a key partner in driving business prosperity.