Recent legislation now allows certain small businesses to utilize their Federal Research & Development (R&D) tax credit of up to $250,000 against their employer Social Security tax liability.

Join this webinar to learn:
• What is the R&D tax credit and what expenses qualify?
• How is the credit claimed and what forms need to be filed?
• What is the ‘small business’ criteria?

COURSE TOPICS:

The federal R&D tax credit is generally utilized against federal income tax; however certain small businesses may be able to utilize the credit against the company's employer Social Security tax liability. Qualified small businesses must have less than $5M in gross receipts in the year of the credit claim and have $0 gross receipts in any tax year preceding the five-tax-year period that ends with the tax year of the election. The federal R&D credit generally equates to 6-13% of qualifying research expenses (“QREs”) from qualifying research activities. These activities are associated with creating or improving a product or process, and must meet a 4-part test.
Familiarize yourself with the R&D tax credit to stay relevant to calendar year-end 2016 (and later) tax filings. Delight your clients by reducing their payroll tax liability through this little-known tax credit.

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222