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Unleashing R&D Tax Credits: Navigating Change for Maximum Benefit and Innovation


Level: Intermediate
Runtime: 56 minutes
Recorded Date: December 08, 2023
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Agenda

Key topics:
  • R&D Tax Credits as a Business Game-Changer
  • Financial Benefits and Innovation Cost Offset
  • Challenges in Navigating the Evolving R&D Tax Credit Landscape
  • Expert Panel Insights and Actionable Strategies
  • Qualifying Activities and Expenditures
  • Documentation Requirements
  • Keeping Up with the Latest Changes and Updates in R&D Tax Credit Regulations
  • R&D Credit Capitalization Issues

For NY - Difficulty Level: Both newly admitted and experienced attorneys

Description

Discover how R&D tax credits can be a game-changer for businesses, regardless of size. These credits serve as a financial catalyst, effectively offsetting innovation costs and driving unprecedented growth. However, staying up to date in the ever-evolving R&D tax credit landscape can be challenging, with new regulations and guidance emerging regularly.

Join Mike Woeber of Corporate Tax Advisors, Inc. and Michael Silvio of MGO LLP, as they embark on a comprehensive exploration of R&D tax credits. They will provide invaluable insights and actionable strategies to empower organizations to fully leverage these credits. From deciphering qualifying activities and expenditures to mastering documentation requirements, our speakers will guide you through the latest changes and updates in R&D tax credit regulations, so you remain at the forefront of industry knowledge. A thorough review of the current regulations from the Internal Revenue Service related to the Sec. 174 R&D Capitalization will also be discussed along with how this will impact the credit. Speakers will also discuss potential legislation in this area.

Provided By

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Panelists

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Michael Silvio, CPA

Tax Partner
Macias Gini & O'Connell LLP

Michael is a tax partner at MGO with more than 30 years of public accounting and tax planning experience. He’s served businesses in multiple industries, including hi-tech, consumer product, software, biotech, life science, healthcare, manufacturing, construction, professional service, and nonprofit.

Michael’s knowledge of Federal Credits and Incentives Tax Advisory has earned him a reputation as a national leader on the topic. Over the years, he’s conducted more than 450 research credit studies for companies in various industries and served as a representative before the IRS and state taxing authorities to support and defend numerous taxpayers’ research credit claims.

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Mike Woeber

President & Co-Founder
Corporate Tax Advisors, Inc.

Mike Woeber is the President and Co-founder of Corporate Tax Advisors, Inc., 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.


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