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Tax Credit Opportunities R&D and Section 174 Expenses - Sponsored by ADP

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Tax Credit Opportunities R&D and Section 174 Expenses - Sponsored by ADP
IRS Program #:
CTEC #: 6257-CE-0264
CE: 1 IRS & 1 CTEC credit
Speaker: Michael Smith, CPA, Director of Tax, ADP

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.


  • Michael A Smith CPA, CGMA Director of Tax, ADP

    Michael is a proven leader, certified public 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 complementary skill set in big data analytics, accounting, tax compliance, and tax provisions. He also maintain strong skills in budgeting, finance and general operations leveraging current methodologies from professional best practices, educational background and related work experience. He has extensive knowledge in both statutory credits and negotiated incentives for expanding companies nationwide across various industry sectors including an in-depth knowledge of the expanded Research & Development Credit under the P.A.T.H Act of 2015.

    Michael actively participates in ADP’s corporate initiative to establish strategic alliances with key business partners to deliver expanded service offerings that are complementary to ADP’s Tax Credit Services business unit. These partnerships includes offerings in research & development credits, property tax, sales & use tax and solar credits. Using new data analytic tools and information, he continues to consult a broad range of industries on opportunities to maximize available tax and financial benefits available to them through statutory credits, grants, and other cash and non-cash incentives.

December 20, 2023
Wed 1:00 PM EST

Duration 1H 0M

This live web event has ended.