Understanding R&D Tax Credits and Amortization: Navigating Changes and Maximizing Benefits

Encouraging and supporting research and development (R&D) has been a fundamental principle in U.S. tax policy. The R&D tax credit allows many small and medium businesses to innovate and financially grow. However, in 2022, the Congress implemented a significant change to IRC Section 174 which mandates R&D costs to be amortized over five years, rather than taking an immediate deduction. This resulted to a substantial tax burden on businesses.

To ensure compliance and maximize the benefits of R&D tax credits, companies must keep tabs on the new legislative developments that will likely impact their tax liability.

Listen as a panel of distinguished thought leaders and practitioners organized by The Knowledge Group offer a comprehensive roadmap to successfully navigate the recent shifts in R&D tax credits and amortization. Speakers will provide powerful insights on how to leverage opportunities.

Key topics include:

• R&D Tax Credit Updates
• Notable Implications of Amortization on Businesses
• How to Maximize R&D Tax Credit Opportunities
• Best Compliance Strategies
• What Comes Next?

Learning Objectives:

• Understand the recent shifts in R&D tax credits and amortization and their implications on businesses.
• Learn effective strategies to maximize R&D tax credit opportunities and develop best compliance practices.