Episode Synopsis "How Best to Document the R&D Credits For Your Technology Investments"

In this episode of Cherry Bekaert’s Tax Credits & Incentives Advisory Podcast, Martin Karamon welcomes Tax Credits & Incentives Advisory leaders Dan Mennel and Vivian Kohrs to talk about R&D documentation as you make investments in technology or look at the ROI of making such an investment.The R&D Tax Credit is one of the most lucrative incentives available to taxpayers and provides a permanent offset to tax liabilities. This credit is an activity-based credit – meaning that if a taxpayer is performing specific types of activities, the costs incurred to perform those activities go into a separate tax credit calculation.As it relates to the R&D Tax Credit, Cherry Bekaert’s Tax Credits & Incentives practice is primarily focused on helping companies identify and document qualifying R&D costs. Discussion includes:Types of investment and the four-part test to determination qualificationHow to properly document support for R&D activities, which may qualify as these types of investmentsReal-life examples of qualified R&D investmentsIRS ASC 730 directiveIf you have any questions specific to your business needs, Cherry Bekaert’s Tax Credits & Incentives Advisory team is available to discuss your situation with you.If you haven’t already, catch up on other podcasts covering the R&D topic:What’s New with R&D Tax Credits in 2022Tax Beat: Digital Transformation and R&D Tax CreditsThe Benefits of using a CPA Firm to Perform Credits & Incentives Projects

Listen "How Best to Document the R&D Credits For Your Technology Investments"

More episodes of the podcast Cherry Bekaert: Tax Services

• Virginia PTET Election Guide: Key Benefits and Tips
• How To Take Advantage of Pass-Through Entity Tax in North Carolina
• How Does the Georgia Pass-Through Entity Tax Election Work?
• What the New Audit Technique Guidelines Mean for Cost Segregation?
• Hot Topics in Cost Segregation
• How Best to Document the R&D Credits For Your Technology Investments
• The Benefits of using a CPA Firm to Perform Credits & Incentives Projects
• Clearing Up Confusion about the Employee Retention Credit
• How and Why to Apply for PPP Loan Forgiveness Now
• American Rescue Plan Act 2021: Impact on Taxpayers and Key Issues to Understand
• Employee Retention Credit for Law Firms
• Employee Retention Credit: What is It, Who Qualifies and How to Claim It
• A Look Into Biden’s 100-day Tax Plan Initiatives