Congress’ Definition of R&D: Why Designers Qualify for the Research Tax Credit

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In today’s hyper-competitive A/E/C business climate, you need every edge that you can get to boost your firm’s after-tax profits. Beyond the usual ways to increase revenue and contain operating expenses, did you know that there is a little-used research and development (R&D) tax credit that you can use to decrease your A/E/C firm’s federal and state income tax obligations?

AIA& ACEC data shows that less than 18% of the industry is currently benefitting from this valuable tax liability off-set credit.

This credit is open to a majority of tax entity structures including C-Corporations and Pass-Through entities such as S-Corporations, LLCs, Sole Proprietors, and Partnerships. If you are a U.S. Company and make products and/or services on U.S. soil then there has to be a credit available to you; the only question to answer now is “what is the potential size of your benefit?”

This session will provide you with the latest insight on the R&D tax credit that is designed to reduce the high cost of innovation (U.S. Labor Expense). Unfortunately, too many A/E/C firm leaders mistakenly believe that this valuable tax credit does not apply to them.

By joining us for this value-packed webinar, you get: :: An overview of the NEW current rules and legislation governing the R&D tax credit. :: A clear understanding of exactly how this tax credit applies to the A/E/C industry. :: Important details on recent law changes and the types of activities and expenses that qualify for the tax credit. :: Actual examples of how the mechanics of the calculation and statutory exclusions have benefited A/E/C firms. And more!

At the end of this session, you will understand: :: The Congressional intent of this legislation. :: What really constitutes a “Qualifying Research Expenditures”. :: How to estimate potential tax credit benefits. :: What to expect from an R&D Study. :: The documentation requirements for this tax credit. This webinar is sure to challenge the conventional beliefs and assumptions on this tax credit, realign your thinking, and drive curiosity to explore it further. If you are an A/E/C firm CEO, CFO, or Director, or if you are an accountant working with A/E/C firms, you cannot afford to miss this FREE webinar.

Dawson Fercho, EA

IRS Enrolled Agent

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