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Section 174 R&D Taxes: Solutions for Manufacturing & Engineer-To-Order Companies

SECTION 174 R&D TAXES: SOLUTIONS FOR MANUFACTURING & ENGINEER-TO-ORDER COMPANIES

This webinar was previously titled SECTION 174 R&D TAXES: SOLUTIONS FOR MANUFACTURING & SOFTWARE COMPANIES
Cost Free
Presentation Length 1.0 hour

CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

This course provides an in-depth analysis of the legislative & judicial framework surrounding Section 174, focusing on the implications for manufacturing and engineer-to-order companies. Attendees will learn about the tax treatments available for R&D costs, the specific challenges manufacturing and engineer-to-order companies face under current tax law, and best practices for approaching Section 174. The presentation will explore current legislative stagnation and offer strategic compliance and tax planning recommendations. Common misconceptions/mistakes that have long-term negative consequences for the taxpayer are addressed so they can be avoided. By evaluating case studies and legislative text, participants will better understand how these changes affect R&D taxation and, most importantly, be pleased to learn that 174 does not affect engineering performed under contract. In all, once Section 174 is correctly applied, it is unlikely that a company performing R&D would be in financial peril due to 174. 

Learning Objectives:


  • Describe the current legislative & judicial environment as it applies to the application of Section 174 and prepare for potential changes that could affect Section 174

  • Identify the distinctions between R&D performed under contract, which qualifies as COGS, and internal R&D, which must be amortized under Section 174

  • Examine the common 174 mistakes and misconceptions that appear to keep the client safe when an examination of the situation reveals the taxpayer would be in a precarious position

  • Recommend how to protect clients from penalties through proper disclosure and adherence to best practices in R&D reporting

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE

Richard Kleban

Sycamore Growth Group
Founder and President
[email protected]
(614) 975-1280

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Rick Kleban is the founder and president of Sycamore Growth Group, a Dublin, Ohio-based firm that specializes in helping small and medium-sized businesses, primarily manufacturing companies, attain and substantiate R&D tax credits. He assists companies in identifying eligible R&D expenses and oversees a talented team of professionals who substantiate how each underlying project and associated expenses meet the requirements of Section 41.

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James Bean is a senior analyst at Sycamore Growth Group. He specializes in investigating tax issues that affect Sycamore’s diverse clientele.

About Our Presenter

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Sycamore Growth Group specializes in identifying and substantiating Research and Development tax credits (R&D) and other economic incentives for clients. These incentives help fund job growth, job training, and maximize cash flow.  Because of their expertise in securing public incentives, they are able to simplify and streamline the process for clients. In addition, due to their detailed and comprehensive process, they are usually able to identify and substantiate greater credits for clients than they have been able to previously obtain. Sycamore manages all aspects of working with public entities to obtain valuable credits for clients. They provide services to those in Manufacturing, BioTech, Construction, Software, Aerospace, Food & Beverage, Agribusiness, Automotive, Defense, Engineering, Energy, and HVAC Design.