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Maximizing Your Innovation ROI: R&D Tax Credits in 2024 and Beyond


Level: Intermediate
Runtime: 58 minutes
Recorded Date: March 28, 2024
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Agenda

Key issues that will be covered in this course are:
  • Unlocking R&D's Potential
  • Decoding R&D Tax Credits
  • Navigating 2024 Tax Regulations
  • Strategic ROI Optimization
  • Future Insights

For NY - Difficulty Level: Both newly admitted and experienced attorneys

Description

Innovation is the driving force behind business growth and success, and Research and Development (R&D) serves as the catalyst for innovation. As we venture into the dynamic landscape of 2024 and beyond, maintaining a competitive edge requires more than just visionary ideas; it demands strategic financial acumen.

Join Mike Woeber of Corporate Tax Advisors, Inc. and Michael Silvio, CPA with MGO as they dive deep into the intricate realm of innovation ROI, offering you the tools and knowledge necessary to navigate the evolving terrain of R&D tax credits.

Learning Objectives:
  • Grasp the importance of R&D tax credits for maximizing innovation ROI and strategic decision-making.
  • Decode R&D tax credit complexities, including eligibility criteria and calculation methods.
  • Navigate 2024 tax regulations impacting R&D tax credits, ensuring compliance, and seizing opportunities.
  • Develop strategies to optimize ROI through effective use of R&D tax credits, incorporating insights into documentation requirements and capitalization standards.

Provided By

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Panelists

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Michael Silvio

Tax Partner - Recognized Leader in the Federal Credits and Incentives Tax Specialty
Macias Gini & O’ Connell LLP

Michael is a tax partner at MGO with more than 30 years of public accounting and tax planning experience. He’s served businesses in multiple industries, including hi-tech, consumer product, software, biotech, life science, healthcare, manufacturing, construction, professional service, winery and vineyards, and nonprofit.
Michael’s knowledge of Federal Credits and Incentives Tax Advisory has earned him the reputation as a national leader on the topic. Over the years, he’s conducted more than 450 research credit studies for companies in various industries and served as a representative before the IRS and state taxing authorities to support and defend numerous taxpayers’ research credit claims.

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Mike Woeber

President & Co-Founder
Corporate Tax Advisors, Inc.

Mike Woeber is the President and Co-founder of Corporate Tax Advisors, Inc., based in the CTA corporate office in Huntsville, Alabama. Mike began his career in 1989 working on the auditing and accounting team with Ernst & Young in Birmingham, Alabama. He focused on financial statement audits of publicly traded manufacturers, technology, and healthcare companies. After two years in audit Mike joined E&Y’s tax group and moved to their Huntsville, AL office. It was during his early years in Huntsville that he began advising privately held businesses on a variety of accounting and tax matters. This included financial statement audits, business tax preparation and individual tax preparation. It was during Mike’s 15 years as a tax partner with a regional firm that he began focusing on the research tax credit incentive.

In 2014, Mike and a group of close associates formed Corporate Tax Advisors, Inc., with the goal of forming a national business that was not a “traditional CPA firm.” The purpose of CTA, is, as it always has been, to operate as a specialty tax consulting firm focusing solely on assisting companies in identifying potential tax credits and unique tax strategies. These include research & development, renewable energy, and employment tax credits.


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