Speaker: Michael Smith, CPA, Director of Tax, ADP
CE: 1 IRS/CTEC
Price: Free to All

Given today’s competitive landscape and potential changes in legislative efforts, many companies, including flow-through entities, C-corporations and sole proprietors are striving to drive growth through innovation in new products, processes and related activities. However, navigating the complexities of monetizing tax credits for qualifying research and development (R&D) activities can be daunting. This complexity may contribute to the fact that only one-third of eligible businesses claim the R&D Tax Credit*. It is crucial for businesses, and their tax professionals, to stay informed about the current rules and regulations surrounding R&D, as well as to understand their impact on overall tax compliance.

If you or your clients are dedicating time and resources to enhancing products, processes, or solutions, we invite you to join us in exploring potential eligibility opportunities for federal and state R&D tax credits. Our discussion will cover essential updates, review key statutory milestones, and provide insights to help you navigate the intricacies of R&D tax credit program for 2025 and beyond. Gain valuable understandings and ensure you are making the most of these opportunities to encourage and support your client’s innovation efforts.

Learning Objectives:

• Identify qualifying activities and costs for R&D.
• Analyze how flow-through entities & corporations utilize R&D credits.
• Examine significant changes to the finalized version of Form 6765.
• Discuss the preliminary draft instructions related to Form 6765.
• Review legislative updates for R&D expensing vs. Section 174 amortization.

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