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Improving Clients’ Cash Position With the R&D Tax Credit

IMPROVING CLIENTS' CASH POSITION WITH THE R&D TAX CREDIT

Cost Free
Presentation Length 1.0 hour

Recorded DateJune 4, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

U.S. companies across all industry sectors are being affected in some way by COVID-19. The accounting industry, and CPAs in particular, play a critical role in helping client companies navigate through these uncertain times. Some of today’s American businesses are rapidly converting operations to develop new products or re-engineering manufacturing processes to help in the current effort against COVID-19. Whether your clients are directly involved in supporting the fight against COVID-19, or whether they are now looking for new and creative ways to increase their cash position during uncertain times, this webinar will look at cash flow strategies that may now be available to them through the R&D tax credit.

Learning Objectives:


  • Explore new cash flow strategies that may be available for your clients through the R&D tax credit

  • Gain first-hand knowledge of the broad applicability for the R&D tax credit

  • Discover how American businesses that have adapted their products and processes to meet the crisis may be eligible for the R&D tax credit

  • Learn how small businesses with qualifying research expenses (QREs) can use the R&D credit to offset AMT or payroll taxes

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Randy Crabtree is a co-founder and partner at Tri-Merit Specialty Tax Professionals, recognized for his expertise and contributions to the accounting profession. He is also a well-known author, lecturer, and the host of "The Unique CPA," a podcast that has been broadcasting bi-weekly since 2019 and ranks in the top 5% of the most popular programs worldwide according to Listen Score. This platform allows him to share insights and engage with issues relevant to accounting professionals.

In 2023, Randy was honored by being named to Accounting Today's "Top 100 Most Influential People in Accounting," acknowledging his significant influence within the field. He is the founder and host of the Bridging the Gap conference, designed to facilitate discussions and connections among accounting professionals.

Randy's role as a thought leader is further solidified by his frequent guest appearances on various podcasts, where he discusses industry trends and challenges. His dedication to the profession extends to his service on multiple boards, including the Accounting Cornerstone Foundation, the Firm Growth Forum advisory board, and the CPA Magazine editorial board, where he contributes to shaping the future of accounting education and practice.

He regularly contributes articles to respected publications such as Accounting Today, the AICPA Tax Adviser, CPA Trendlines, and Intuit Accountants TaxPro Center, and is a common figure at conferences and training events hosted by national and state accounting associations and other industry-related groups.

In 2022, Randy's expertise was further recognized through his appointment to the Intuit Tax Council for a three-year term, highlighting his role as an authority in the field of taxation. This position allows him to contribute to broader discussions and initiatives aimed at advancing the accounting profession.

About Our Presenter

Trimerit
Tax credit studies may not be something you do every day – luckily for you Tri-Merit does.

Tri-Merit supports CPAs, CFOs, and owners of small-to-midsize businesses by serving as an extension of their advisory team to lessen the tax burden and increase cash flow. We work with companies to uncover the engineering, manufacturing, and product development data needed to support claiming Federal and State engineering-based tax incentives such as the R&D tax credit and cost segregation.

Tri-Merit turns a complex process into a refreshingly straightforward experience, making them a preferred choice among CPAs and companies of all sizes that are looking for ways to improve cash flow.