Tax Credit Opportunities R&D and Section 174 Expenses - Sponsored by ADP
Course Description
Pursuing tax
credits can be complex. Small businesses engaging in qualified research
activities have the opportunity to claim lucrative tax credits that could help
them fuel innovation, but how do the changes to Section 174 amortization come
into play? The research and development (R&D) tax credit is among small
businesses’ least claimed and often misunderstood tax credits.Join ADP® and get critical updates on R&D tax credits for 2023.
Learning Objectives
- Understand statutory limitations for refund claims of payroll taxes.
- Review recent IRS pronouncements
- Define qualified small business (QSB) income tax credit vs. payroll tax offset.
- Identify qualifying activities and qualifying costs (B-1 wages from payroll).
- Review changes to Section 174 amortization.
Presenters
Michael Smith, CPA, Director of Tax, ADP
Michael is a proven leader, certified public accountant, chartered global management accountant and seasoned tax professional with strong traditional income tax compliance, planning and consulting experience spanning nearly three decades. He has served both large and middle market clients with his complimentary skill set in big data analytics, accounting, tax compliance, and tax provisions.
Michael is a proven leader, certified public accountant, chartered global management accountant and seasoned tax professional with strong traditional income tax compliance, planning and consulting experience spanning nearly three decades. He has served both large and middle market clients with his complimentary skill set in big data analytics, accounting, tax compliance, and tax provisions.
Continuing Education
This course qualifies for IRS Continuing Education Hours. NAEA reports IRS CE on a monthly basis. If you have not received your CE Hours in your IRS PTIN Account by the end of the month after receiving the certificate, please contact NAEA at
education@naea.org. IRS Requirements for live webinars require at least 50 minutes per hour of attendance and answering 3 out of the 4 polling questions. For on-demand, you must watch the full video, answer the knowledge check, and pass the assessment with a score of 70% or above. No partial CE is offered.
Webinar Refund Policy
To request a refund, contact the NAEA education team via email at
education@naea.org. An NAEA education team member will review the request for a refund. If the refund request has been approved, the refund will be refunded on the same method of purchase. Live Webinars, also offered On-Demand will not be refunded.