Gain an understanding of the available tax incentives and which are the best for you.
Many companies that are required to pay federal and state tax liabilities do not know about the various tax incentive programs offered by the federal and various state governments. Even if they've heard about the research tax credit or employee retention credits, they often think that their company cannot qualify for the incentive. The IRS estimates that 35% of taxpayers eligible to claim the credit actually take advantage and often understate the credit. This course will help you understand the qualification criteria of various tax incentives and what potential benefit you might see within your company. It will help you assess whether your company can qualify for the research tax credit and employee retention credits, which will bring immediate and future cash tax savings to the firm and help you identify tax benefits as your company grows and expands. If you're considering building or moving facilities, you will also learn more about qualified opportunity zones and cost segregation studies that will maximize your tax savings. This information is critical to understanding the subsidies available for all companies performing R&D, investing in alternative energy, hiring, and expanding.
Learning Objectives
- You will be able to identify tax incentive regimes that apply to the manufacturing industry
- You will be able to identify key components of Cost segregation as well as recognize ways to reduce current and future tax liabilities
- You will be able to identify key impacts of the Research Tax Credit and Employee Retention Credits.
- You will be able to recognize potential tax saving opportunities for small businesses
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Research Tax Credits
- Overview and Introductions
- Federal Benefit
- Qualification Criteria
- Qualified Research Expenditures
- Small Business: R&D Credits Elected as Payroll Tax Credit
- Application Towards Manufacturers
- State Benefits
Employee Retention Credits
- Benefit Summary
- Qualification Criteria
Construction Tax Planning
- Cost Segregation
- 179D
New Markets Tax Credit
Qualified Opportunity Zones
Questions and Answers
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last reviewed on January 31, 2024.
Call 1-866-352-9540 for further credit information.
CPE/NASBA - QAS Self Study 1.8 including Taxes 1.8
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study 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 web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Martin C. Karamon, J.D., LL.M.
Cherry Bekaert
- Tax Principal in Cherry Bekaert’s Tax Advisory practice
- Focuses on federal credits and incentives related to R&D, hiring, capital expansion, and energy sustainability in key industry areas, such as technology and software development, manufacturing, life sciences, real estate, construction, and automotive
- With more than two decades of experience, he helps clients identify, evaluate, and implement an array of tax incentives and planning opportunities, including IRC Section 41 research tax credit services, qualified opportunity zones, new markets tax credit financing, employee payroll retention credits, disaster recovery and retention credits, combined heat and power investment tax credits, and IRS defense services.
- State Bar of Michigan, New York State Bar
- LL.M. degree in taxation, Georgetown University; J.D. degree, The Ohio State University; B.A. degree, Kalamazoo College
- Can be contacted at [email protected] or 240-316-4517
Vivian Kohrs, CPA
Cherry Bekaert
- Director in Cherry Bekaert’s Tax Credits & Incentives Advisory practice in the Tysons office
- With strong data and analytical skills, including the use of Alteryx, she helps the firm with strategic developments of numerous firm-wide engagement enablement tools
- Has helped client teams establish their research tax credit study process and achieve significant tax savings
- Focuses include research credit studies in the automotive, pharmaceutical, health and life sciences, aerospace and defense, financial institutions, manufacturing, and computer software industries
- Additional areas of experience include Section 174 Research Expenditures, UNICAP, accrued bonus, inventory accounting, and other accounting method changes and associated calculations
- Professional involvement includes the American Institute of Certified Public Accountants (AICPA), Women In Tax, New Jersey, and 30% Club Cross Company Mentorship
- M.S. degree in accounting, New York University, Leonard Stern School of Business; B.A. degree in finance and accounting, summa cum laude, New York University, Leonard Stern School of Business
- Can be contacted at [email protected] or 703-940-5536
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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