Taking Advantage of R&D Tax Credits: Unveiling the Best Practices and Strategies
The Research & Development (R&D) Tax Credit is one of the best opportunities for businesses to significantly cut their tax liability. Thousands of companies across several industries are already taking advantage of this incentive to boost their bottom line.
Through R&D tax credits, qualified businesses benefit from billion-dollar savings in both federal and state levels every year. However, many organizations still miss out on this opportunity because they self-censor and do not realize that they also qualify for the R&D tax credit.
Key topics include:
- R&D Tax Credit: Statistics
- Recent Legislative Developments
- Common Reasons Why Business Owners Miss Out
- Best Practices to Maximize R&D Tax Benefit
- Identify the major impacts of recent tax reforms and court cases on R&D tax credits
- Determine the key considerations when planning to utilize R&D tax credits
- Recognize the requirements to qualify for tax credits
Joseph P. Burwick, CPA, Tax Principal
Freed Maxick CPAs, P.C.
- Tax reform’s impact on the R&D credit: Legislative changes and best practices
- Discussion of two recent court cases (recent legislative changes and best practices).
Michael Silvio, CPA, Director of Tax Services
Hall & Company CPAs & Consultants
- Tax Credit Criteria-What Approach Should I Take?
- 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
Gene Barinholtz, CPA, Partner, Shareholder
Kutchins, Robbins & Diamond, Ltd.
- parts of the tax credit (what is it, how to qualify, who qualifies etc.)
Who Should Attend:
- Tax Attorneys
- Tax Directors
- Tax Managers
- Tax Credit Professionals
- Tax Compliance Officers
- Tax Accountants
- R&D Managers
Joseph P. Burwick, CPA is a Principal in Freed Maxick's Tax Practice. He has over 15 years of public accounting experience with a focus on Research and Development tax credits, manufacturing clients, and mid-to-large C and S Corporations. During his professional career, Joe has also obtained additional experience in the engineering, alternative energy, software development, high-tech, pharmaceutical, and general service industries. He is a nationally recognized leader regarding R&D tax credits, is a frequent blogger, and has represented taxpayers before IRS and state taxing authorities.
Joe is a Board of Trustee member for the Western New York Chapter of the Leukemia and Lymphoma Society. He graduated from the Rochester Institute of Technology and is a member of both the AICPA and NYSSCPA.
Joseph P. Burwick, CPA is a Principal in Freed Maxick's Tax Practice. He has over 15 years of public accounting …
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 …
Gene Barinholtz manages KRD’s Outsourced Accounting Services group. His substantial knowledge of accounting and business enables him to advise clients on a wide array of financial concerns, including tax strategies, tax incentives and entitlements, business consulting and litigation support. Gene works with clients in various industries including, manufacturing, construction, professional services, real estate, restaurant and more.
Gene develops personal relationships with his clients by learning about their business and personal goals in order to best serve their needs.
Gene graduated from Northern Illinois University with a Bachelor of Science in Accounting. He is Certified Public Accountant (CPA) and a member of the AICPA and Illinois CPA Society.
Gene Barinholtz manages KRD’s Outsourced Accounting Services group. His substantial knowledge of accounting and business enables him to advise clients on …
Print and review course materials
Method of Presentation:
On-demand Webcast; Group-Internet Based
General knowledge of tax laws
NASBA Field of Study:
Taxes - Technical
NY Category of CLE Credit:
Areas of Professional Practice
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About Freed Maxick CPAs, P.C.
For over 60 years Freed Maxick has advised public and private companies, both domestic and international, on ways to enhance profitability, save taxes, improve accountability and reduce risk. Freed Maxick specializes in helping our clients discover and achieve their bottom-line potential and provide sound business advice based upon our depth of services and vast experience in a broad array of industries.
Though Freed Maxick maintains relationships with external resources nationwide, we continue to maintain our independence and the ability to make decisions locally. We’re different because we have the bench strength to provide a wide array of services with highly skilled professionals, but we are not burdened by cost structure or bureaucracy. These factors translate into world-class service at rates that are commensurate with the market you do business in.
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 Kutchins, Robbins & Diamond, Ltd.
KRD is a full service public accounting firm. With over 80 professionals and administrative staff, we help clients throughout the Chicagoland area and from coast to coast achieve their business and personal financial goals. We provide a multitude of client services: tax planning and preparation; audits, reviews and compilations; outsourced accounting and CFO services; financial, retirement and estate planning; as well as business valuations services for businesses that desire to grow or are considering selling.
Our mission is straightforward -- to provide our clients with a holistic approach to tax, financial and business planning in order to achieve long-term prosperity.
KRD occupies office quarters in Schaumburg, the heart of Chicago’s northwest business corridor; and in Chicago's downtown loop on East Wacker Drive.