Thompson Government Contracting

Developments in R&D Tax Credits for Government Contractors: What are You Leaving on the Table?

Wednesday, December 14, 2016 • 2:00 pm ET/1:00 pm CT/12:00 pm MT/11:00 am PT

Webinar Details

Subject: Federal Contracting

Prerequisites: None

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

Duration: 90 minutes

Location: Your office or conference room, per telephone connection

Course Description:

Did you know that the Protecting Americans from Tax Hikes (PATH) Act makes big R&D tax credits more accessible to smaller and mid-sized government contractors? It even extends those tax credits permanently and retroactively back to 2015 when the new law was enacted.

In fact, this federal R&D tax credit can be worth as much as 6.5% of the wages, supply costs and contractor expenses associated with the development of a product, process, software, formula or invention. Even small companies and startups can qualify. Plus, many states offer additional incentives for government contractors, including enterprise zone credits. And remember, tax credits represent a dollar-for-dollar reduction in your tax liability: If you receive a $100,000 credit, you get a $100,000 reduction in your company’s taxes!

Stop leaving tax savings like these on the table!

Register now for Developments in R&D Tax Credits for Government Contractors: What are You Leaving on the Table?

In this 90-minute webinar, tax experts Michael Colavito and Stephanie Doughty explain the basics of research-and-development credits for government contractors. From where credits are available, to how your company can qualify for and use them, you’ll explore your own best opportunities for using both state and federal R&D credits to cut tax liability and improve the bottom line.

How to qualify and defend your tax credits. You’ll learn about state and metro-area enterprise zone credits and other incentives. You’ll understand how the PATH Act allows credits to be used to offset payroll taxes and changes how companies can use alternative minimum tax (AMT) limitations. You’ll also discover what research and expenditures qualify, and how to defend your credits against potential audits. Plus, you’ll have the chance to ask your own questions during the Q&A portion of the webinar.

Reserve your space nowand explore your potential to take advantage of R&D credits that could cut your taxes by tens or even hundreds of thousands of dollars. Attendees who complete the webinar will:

  • Learn about the federal research & development credit basics for government contractors;
  • Explore recent changes to the federal research & development credit, including the AMT limitation removal and newly enacted benefits for start-ups;
  • Discover what constitutes qualified research expenditures and the impact of the type of contract at issue;
  • Learn how to avoid common pitfalls and defend your credits against potential audits;
  • Explore various state research & development credits;
  • And more!

Remember, R&D credits represent a dollar-for-dollar reduction in taxes. Don’t miss this chance to discover credits for which you may already qualify!

Register now for Developments in R&D Tax Credits for Government Contractors: What are You Leaving on the Table?

Who Will Benefit

This webinar is for government contractors in cybersecurity, defense technology and IT services. It is of value to contractors of all sizes, but of special interest to small business and startups. Attendees who will benefit most include:

  • CFOs
  • Controllers
  • Tax Directors
  • Accounting Managers
  • CEOs/Presidents
  • Small Business Owners

Michael Colavito

Michael Colavito is a senior manager in the state and local tax practice of Aronson's Tax Services Group. Michael assists clients with a broad range of state and local tax issues. His expertise extends to many areas of multi-state taxation, including income, franchise, sales and use, and property taxes. Michael's experience also includes representing clients at all stages of tax controversy—from audit through appellate litigation as well as advising clients on restructurings and state tax refund and planning opportunities. Prior to joining Aronson, Michael served in the state and local tax group of a large, national firm.

Michael received his bachelor's degree in political science from Bridgewater College and earned a juris doctorate degree from Seton Hall University School of Law in Newark, NJ. He is a member of the Bar in New Jersey and the District of Columbia, and he serves as a member of the MACPA State Tax Committee.

Stephanie Doughty

Stephanie Doughty is a Senior Director with the tax advisory firm, TRCG Advisors, LLC.  She is a technical expert in the R&D Tax Credit and spends a substantial portion of her time teaching continuing education to CPA Firms throughout the U.S.  Stephanie has vast experience assisting companies of all sizes and in a multitude of industries in capturing, claiming and defending R&D tax credits.  Over the past five years, she has become the authority on government contractors and the nuances involved in R&D credit compliance.   Stephanie has saved her clients millions of dollars in overpaid taxes over her career.  In addition to R&D tax credits, she is also well versed in a multitude of other tax incentives, including cost segregation, export initiatives and domestic production deductions primarily in the software industry.

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