Tax Strategies to Increase Cash Flow

Description

Looking for ways to reduce your tax liability? This webinar will discuss some of the most widely available tax credits and deductions for your organization. Many day-to-day 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 around 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 your organization may qualify. Following the webinar, we will host general and industry-specific breakouts for the manufacturing, construction and dealership industries to discuss current trends and scenarios. While registering, please identify whether you would like to participate in the industry roundtables. Learning Objectives: Summarize 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. Define the qualifications for R&D tax credits, building bonus deductions, QIP deductions, 1031 like-kind exchanges, 179D deductions and 45L credits. Presenters: Joe Stoddard, CPA, Partner-in-Charge of R&D Tax Incentives | Eide Bailly Joe has more than 20 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. Mark Rogers, Principal-in-Charge of Fixed Asset Services | Eide Bailly Mark has over 18 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, HERS raters, architects and construction specialists. The FAS group is over 30 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. Jim Donovan, CPA, Partner | Eide Bailly Jim has more than 20 years of tax consulting experience primarily focused on tax credits for a variety of industries. These include the research and development tax credit and the employee retention tax credit. He helps clients benefit from federal and state incentives, which can include additional deductions and credits for employing people and research activities many businesses consider a necessity to remain competitive in today's global marketplace. He also assists in supporting credit claims when IRS and state taxing authorities choose to audit those claims. He has authored articles and presented on tax incentives to external organizations. Joe Sawatske, Principal, Energy Incentives | Eide Bailly Joe has over 13 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 Efficiency Incentives (EEI) group, Joe oversees a national team of Professional Engineers, energy modelers and HERS Raters. The growing EEI group is 14 strong with extensive experience in performing 179D deduction, 45L credit and ENERGY STAR studies. Industry Breakout Facilitators: Dealerships Brittany Dunn, CPA, Partner | Eide Bailly Matt Fitzpatrick, Manager | Eide Bailly Construction Wade Sandy, CPA, CCIFP, Partner-in-Charge of Construction & Real Estate | Eide Bailly Kristin Gustafson, PE, CEM, BEMP, LEED AP, Director of 179D, Energy Incentives | Eide Bailly Manufacturing Joe Sawatske, Principal, Energy Incentives | Eide Bailly General Mark Rogers, Principal-in-Charge of Fixed Asset Services | Eide Bailly Joe Stoddard, CPA, Partner-in-Charge of R&D Tax Incentives | Eide Bailly CPE Information CPE Credit: 1 Field of Study: Taxes Level of Knowledge: Basic Delivery Method: Group-Internet Based Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding a complaint and/or program cancellation policies, please contact Amy DeGeorge.