Recent legislation now allows certain small businesses to utilize their Federal Research & Development (R&D) tax credit of up to $250,000 against their employer Social Security tax liability.
Join this webinar to learn:
• What is the R&D tax credit and what expenses qualify?
• How is the credit claimed and what forms need to be filed?
• What is the ‘small business’ criteria?
COURSE TOPICS:
The federal R&D tax credit is generally utilized against federal income tax; however certain small businesses may be able to utilize the credit against the company's employer Social Security tax liability. Qualified small businesses must have less than $5M in gross receipts in the year of the credit claim and have $0 gross receipts in any tax year preceding the five-tax-year period that ends with the tax year of the election. The federal R&D credit generally equates to 6-13% of qualifying research expenses (“QREs”) from qualifying research activities. These activities are associated with creating or improving a product or process, and must meet a 4-part test.
Familiarize yourself with the R&D tax credit to stay relevant to calendar year-end 2016 (and later) tax filings. Delight your clients by reducing their payroll tax liability through this little-known tax credit.
Maria, TX
"Excellent seminar. I registered because it looked interesting. I came out with information that may actually be of use. I never expected to need this for my practice, which is so small. But I actually have some information that could be helpful for a current client that I hadn't thought of it helping."
Laura, TX
"This webinar was perfect - I'm in the middle of amending a 2015 return and preparing a 2016 return for a startup with substantial R&D expenses, and the payroll tax offset will save them a lot of money. I was happy to get specifics about documentation the expenses to avoid problems with potential audits."
Brooke, TX
"Kathleen is, by far, the best presenter of this R&D material that I've witnessed. She explained the credit well and broke down steps on how to claim it, which none of the other webinars on this topic have done. Thank you so much Kathleen! I feel much more confident about filing this credit now."
Mary, WI
"T his webinar certainly unraveled the mysteries surrounding the R & D Credit. I was unfamiliar with who qualifies for the R & D Credit and learned that I do not have any current clients who may qualify, but now know the basics and benefits of the credit. Thanks."
James, PA
"The two presenters were excellent. I was around in 1981 when the R&D Credit began, and although I have no clients that qualify for the credit, I have lived with it throughout its history. The refresher on the new aspect was very interesting."
Madeline, FL
"I have attended several R & D credit presentations, and this is the best on by far. The presenters and the written materials used a highly organized approach to guide students through the process of claiming the credit. Excellent webinar!"
Christina, CO
"Great webinar. Most webinars are a little more generic and just talk about topics at a high level. I felt this one was able to answer specific questions and was relatable to a wider variety of the participants."
LUCY, NH
"I did complete the eval right after the session, but here it is again. I do want to reiterate that I thought an extraordinary job was done by the presenters on a very complex area of tax law."
Kathleen Milone, CPA
Tax Credit Co.
Director
kmilone@taxcreditco.com
(323) 238-3279
Kathleen Milone has over 10 years of Big 4 experience, specializing in R&D tax credit studies for clients of varying sizes and industries, including many within the Fortune 500. Her experience includes tax controversy services for such claims and time spent in a Big 4, Washington National tax practice, where she focused on more technical credit and accounting method areas. She has authored articles, including a few R&D tax credit publications in the Bureau of National of Affairs (BNA). Kathleen has been a speaker at Tax Executive Institute and presented at other industry events. Special focus areas of Kathleen include identifying challenging qualifying activities within the software industry, and manufacturing trials activities within the packaging industry.
Michael Nierstedt
Gusto
Product
michael.nierstedt@gusto.com
(415) 408-5574
Michael Nierstedt works with the Product team for Payroll at Gusto. Michael has over eight years of experience in the payroll industry, previously working on helping many of the top payroll service providers with custom tax software implementations. Over the last two years with Gusto, Michael has worked on better supporting fringe benefits, IRS tax payment and filing automation, and courtesy withholding. Recently, Michael has worked to automate R&D tax credit for payroll, empowering accountants to create new revenue channels and support their clients.
About Our Sponsor
Through one refreshingly easy, integrated platform, we automate and simplify your payroll, benefits, and HR, all while providing expert support. You and your employees will get the peace of mind you need to do your best work.
- CPE Credits
- Support and FAQs
- Terms and Conditions
- Privacy Policy
- CPAwebengage, Inc.