Looking for ways to reduce your tax liability? This webinar will discuss some of the most widely available business credits and deductions. Many day-to-day company operations to develop products, improve processes and/or enhance software potentially qualify for the R&D tax credit; we’ll discuss the potential to benefit from both federal and state credits. In addition, Fixed Asset Planning is an excellent way to identify deductions and tax credits that maximize cash flow and reduce income tax liability. Opportunities arise when looking at building and building improvement assets that are associated with a building purchase, new construction or renovation. Recent provisions in the CARES Act regarding Qualified Improvement Property provide for more tax savings associated with certain improvements and renovations. Recently extended tax extenders revive additional opportunities for tax incentives related to energy efficient buildings. Final regulations for Sec. 1031 like-kind exchanges were released providing clarification on how to properly obtain deductions within that transaction. Join us for a webinar to learn more about these valuable credits and deductions, and whether or not your company may qualify.
- Review the importance of R&D tax incentives and Fixed Asset Planning when considering your tax strategy.
- Identify the triggers within your organization that lead to R&D credit opportunities, accelerated fixed asset deductions, and energy incentives.
- Review qualifications for R&D tax credits, building bonus deductions, QIP deductions, 1031 like-kind exchanges, 179D deductions, and 45L credits.
Joe Stoddard, CPA, Partner-in-Charge of R&D Tax Incentives | Eide Bailly
Joe has 18 years of tax consulting experience providing services to a variety of industries. He helps clients benefit from R&D tax incentives (including federal and state credits) and regularly works with the IRS and state taxing authorities to support R&D tax incentives claims. He is a sought-after R&D tax incentive resource, having written numerous articles and facilitated many presentations on the topic.
Joe Sawatske, HERS, Director of Energy Incentives | Eide Bailly
Joe has over 12 years of experience in helping taxpayers realize tax incentives through the construction, renovation and design of energy efficient real estate. As the head of Eide Bailly’s Energy Incentives (EI) group, Joe oversees a national team of Professional Engineers, energy modelers, HERS Raters and construction specialists. The growing EI group is 10 strong with extensive experience in performing 179D Energy Tax Deduction, 45L Energy Tax Credit and ENERGY STAR studies.
Mark Rogers, Principal-in-Charge of Fixed Asset Services | Eide Bailly
Mark has over 17 years of experience helping taxpayers identify and implement tax-saving strategies made available through building, acquiring, renovating and designing property. As the leader of the Fixed Asset Services (FAS) group, Mark oversees a national team of CPAs, Professional Engineers, energy modelers, LEED professionals, architects and construction specialists. The FAS group is over 20 strong with wide industry experience performing Fixed Asset Planning, 179D Energy Deduction, Cost Segregation, 45L Energy Credit, Tangible Property Regulations and Construction Tax Planning studies.
CPE Credit: 1
Field of Study: Tax
Level of Knowledge: Overview
Delivery Method: Group-Internet Based