Effects of R&D Credit on the Bottom Line: Tax Planning Considerations
With the notable tax reforms that took place during the past years, the Research and Development (R&D) Tax Credit has been an effective and efficient partner for businesses to cut income tax liabilities. Companies across industries are now acknowledging the significance of R&D tax credit in increasing their position in the market value and reducing effective tax rates.
To better leverage the opportunities offered by the R&D tax credit, it is essential for businesses to be in the know of emerging regulatory developments in the backdrop. They must also ensure doable and robust tax planning practices to avoid drawbacks.
Listen to tax experts Mike Woeber (Corporate Tax Advisors, Inc.) and Michael Silvio, CPA (Hall & Company CPAs & Consultants) as they present a comprehensive discussion of the R&D tax credit. Speakers will cover its significant implications on businesses, as well as share a practical guide on effective tax planning practices to maximize their R&D tax credit.
This LIVE Webcast will discuss the following:
- Trends and Updates in R&D Tax Credit
- Important Regulatory Developments
- Critical Issues and Challenges
- How to Leverage R&D Tax Credit
- Effective Tax Planning Practices
- Recognize the implications of PPP loan on R&D credit
- Identify legislative developments, tax credit criteria, and other considerations when planning for R&D credit
Michael Silvio, CPA, Director of Tax Services
Hall & Company CPAs & Consultants
- Tax Credit Criteria-What Approach Should I Take?
- Updated Key Legislative Developments and What We Can Learn From Them
- Types of Industries and Activities that Qualify
- Planning for the Research Credit-Best Practices and Key Takeaways
- A Review of Specific Case Studies in R&D Credits
Mike Woeber, CEO and President
Corporate Tax Advisors, Inc.
- Implications to the R&D credit as a result of taking a PPP loan
Who Should Attend:
- Tax Lawyers
- Tax Directors
- Tax Managers
- Tax Credit Professionals
- Tax Compliance Officers
- Tax Accountants
- R&D Managers
Mike is the Director of Tax Services at Hall & Company. He has more than 28 years of experience in public accounting and tax and has served a variety of businesses in the high-technology, consumer product, software, biotech, life science, healthcare, manufacturing, construction, professional service and not-for-profit industries. He has experience in the tax credits and incentives area. He is a nationally recognized leader in the Federal Credits and Incentives Tax specialty area. He also has experience in financial accounting, reporting and management, auditing, and individual and business income tax.
Throughout Mike’s career, he has authored several publications and conducted numerous presentations.
Mike is the Director of Tax Services at Hall & Company. He has more than 28 years of experience in …
Mike Woeber is the President and Co-founder of Corporate Tax Advisors, Inc. and is based in the CTA corporate office in Huntsville, Alabama. Mike began his career in 1989 working on the auditing and accounting team with Ernst & Young in Birmingham, Alabama. He focused on financial statement audits of publicly traded manufacturers, technology, and healthcare companies. After two years in audit Mike joined E&Y’s tax group and moved to their Huntsville, AL office. It was during his early years in Huntsville that he began advising privately held businesses on a variety of accounting and tax matters. This included financial statement audits, business tax preparation and individual tax preparation. It was during Mike’s 15 years as a tax partner with a regional firm that he began focusing on the research tax credit incentive.
In 2014, Mike and a group of close associates formed Corporate Tax Advisors, Inc., with the goal of forming a national business that was not a “traditional CPA firm.” The purpose of CTA, is, as it always has been, to operate as a specialty tax consulting firm focusing solely on assisting companies in identifying potential tax credits and unique tax strategies. These include research & development, renewable energy, and employment tax credits.
Mike Woeber is the President and Co-founder of Corporate Tax Advisors, Inc. and is based in the CTA corporate office …
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Method of Presentation:
On-demand Webcast (CLE); Group-Internet Based
NY Category of CLE Credit:
Areas of Professional Practice
NASBA Field of Study:
Taxes – Technical
1.0 CPE (Not eligible for QAS (On-demand) CPE credits)
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About Hall & Company CPAs & Consultants
For over 35 years, Hall & Company has embraced entrepreneurs, CEOs, and founders for their visionary and independent spirits, and we specialize in serving their accounting, tax, and specialized financial needs.
Hall & Company provides a vast array of advisory services, including tax, accounting, and specialized support for businesses and court cases. No matter how intricate a business challenge may be, our team becomes an entrepreneur’s most trusted resource.
We invest in our people and their on-going professional growth, since we know they are the cornerstone of our success. And, we invest in technology to ensure we have the right financial tools to deliver the best client solutions.
About Corporate Tax Advisors, Inc.
Established in 2014 in Huntsville, Alabama, Corporate Tax Advisors provides tax solutions to Certified Public Accountants and businesses, both small and large, nationwide. With a heavy focus on Research and Development Tax Credits, the two founding partners work closely with industries such as architecture, engineering, software development, medical devices, GIS, and manufacturing. CTA’s partners, Mike Woeber and Dawson Fercho, spent more than 15 years in the Research and Development Tax Credit industry before opening their own firm.
At CTA the primary focus is on in-person service and making sure all clients get a fair return on their investment. By focusing exclusively on Federal and State Tax Incentives that complement our clients’ traditional tax and accounting team, CTA is able to deliver quantifiable benefits to clients.
The team at CTA first determines which tax benefits will be beneficial to the client and then ensures that each relationship is handled with care and diligence. The CTA teams’ ability to work seamlessly with clients is the reason so many tax professionals and businesses across the nation have turned to CTA time and time again.