The R&D tax credit is one of the most effective ways for manufacturers to reduce overall tax liability. This is especially true in the post-Tax Cuts and Jobs Act of 2017 (TCJA) era with limited use of net operating losses. However, between decisions by the courts and pressure from the tax authorities, many manufacturing companies spend more time and money than they should to calculate and substantiate their credits.
With the improvement in technology tools, the introduction and refinement of the ASC 730 Directive, and a focus on contentious areas of R&D claims, companies can design and implement a more efficient process that yields better results and provides better substantiation.
In this webinar, Global Tax Management’s Jonathan Forman and Joe Lally will provide an overview of this process which, if implemented correctly, can be automated to reduce the effort of substantiating future R&D tax credit claims. Attendees will hear about:
- Electing to use the ASC 730 Directive if eligible
- Refocusing your survey structure to focus on the POE and non-traditional R&D
- Using a “pseudo-730” approach
Continuing Education Credits
This virtual event is designed for anyone involved in finance, tax, treasury, R&D, risk management, and strategic planning. The program knowledge level is intermediate. No advanced preparation is required and there are no additional prerequisites.
Participants will learn:
- The basics of R&D tax credits
- The impact of the ASC 730 Directive and recent court rulings on R&D tax credits
- How to automate the R&D tax credit process
Manufacturers Alliance is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
For this event: Participants will earn approximately: 1 CPE credit Topic: Taxes
The delivery method is: group internet-based
Note: To receive the CPE credit for this virtual event, you need to participate in the polling, which is required to obtain the CPE for this session. Clicking the link in your registration email should open the webinar in the Zoom app.